Market Insights and Analysis: Global Video Analytics Market Overview and Projections (2024-2030)
The Global Video Analytics Market is anticipated to witness around 23.3% CAGR during the forecast period, i.e., 2024-30. The security & surveillance sector is crucial in a variety of application areas. With the introduction of smarter & more powerful IP/network cameras, the surveillance business has undergone a paradigm shift in the previous few years. The rising adoption of VA technology is driven principally by various government initiatives across different regions worldwide for establishing a reliable infrastructure to prevent crimes & boost security awareness.
Top leading companies in the Global Video Analytics Market includes:
Avigilon, Cisco, Axis Communications, Agent VI, AllGoVision, Aventura Systems, Genetec, i2V, IntelliVision, intuVision, PureTech Systems, Qognify, Honeywell, IBM, iOmniscient, BriefCam, Digital Barriers, IPSOTEK, Gorilla Technology, Bosch Security.
Global Video Analytics Market Driver:
Snowballing Requirements for Real-Time Incident Detection – Video analytics software helps generate instantaneous warnings across numerous business sectors and improve situational awareness. It may assist in the detection, classification, & tracking of behavioral patterns and specified objects in live or recorded video streams. High-performance capabilities of such solutions can help transform standard surveillance networks into intelligent detection & alert systems for automobiles, people, & static objects.
Moreover, many private/public or government entities are establishing numerous network lines to compute critical videos for better analytics. Furthermore, real-time event detection has aided in reducing crimes, thefts, & other criminal activities, coupled with the overall social condition & international trade climate. Hence, all aspects cited above are projected to drive the market during 2024-30.
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Report Segmentation:
The market is categorized into the following segments in the report:
By Component
-Service
-Software
By Deployment
-On-Premises
-Cloud
By Application
-Incident Detection
-Intrusion Management
-People/Crowd Counting
-Traffic Monitoring
-ANPR
-Facial Recognition
-Others (AR and Ego-Motion Estimation)
By Type
-Edged-Based
-Server-Based
By Vertical
-Banking, Financial Services, and Insurance (BFSI)
-City Surveillance
-Critical Infrastructure
-Education
-Hospitality and Entertainment
-Manufacturing
-Defense and Border Security
-Retail
-Traffic Management
-Transportation and Logistics
-Others (Healthcare and Life Sciences, and Construction).
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Global Video Analytics Market Geographic Reach:
The Geographic Reach of the Global Video Analytics Market evaluates the spread and significance of Global Video Analytics market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
- North America: US, Canada, Mexico
- Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
- Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
- South America: Brazil
- Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of MEA.
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