The universal Video Analytics System Market report offers an in-depth overview of product specification, technology, product type and production analysis considering major factors such as revenue, cost, and gross margin. This report is an analytical assessment of the prime challenges that will arrive in the market in terms of sales, export/import, or revenue. This business report is mainly delivered in the format of PDF and spreadsheets where PPT can also be provided depending upon client’s request. For market segmentation study, a market of potential customers is divided into groups or segments based on different characteristics such as end user and geographical region.
The world class Video Analytics System Market report considers various factors that have great effect on the growth of business which includes historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the Video Analytics System Market industry. It is a professional and detailed report that highlights primary and secondary drivers, market share, leading segments and geographical analysis. The statistics are signified in graphical and tabular format for a clear understanding on facts and figures. Video Analytics System Market document is a synopsis about how is the market status right now and how will it be in the forecast years for Video Analytics System Market industry.
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Rising awareness about the benefits of video analytics over manual video analysis is creating lucrative growth opportunities for the global video analytics market. Rising demand for IP-based security systems by small and medium scale enterprises coupled with surge in volume of unstructured video data will further induce growth in the global video analytics market value. Rising adoption of connected devices by medium and small scale enterprises coupled with government initiatives in emerging technologies to enhance public safety infrastructure will also propel growth in the demand for video analytics. Overall growth and expansion of security and surveillance industry will further carve the way for growth of this global video analytics market.
Data Bridge Market Research analyses that the global video analytics system market which was USD 7,133.10 million in 2022, is expected to reach USD 66,376.62 million by 2030, and is expected to undergo a CAGR of 20.9% during the forecast period 2023-2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
Video analytics, is defined as integrated into the existing surveillance system, automates the monitoring and management of video feed and provides real-time video analysis for enhanced security, monitoring, and reporting. This automates the management and monitoring of video feeds. The security, healthcare, and retail industries are seeing an increase in demand for video analysis software as it helps maintain visitor and employee security. Intruders and suspicious situations are recognized and detected by video analytics, which also notifies security professionals in order to stop them before they happen.
Driver
- High Usage of Drone-Based Video Analytics
Drone usage has grown over the last few years, primarily in the aerospace and defense industries. According to Federal Aviation Administration statistics, there are 1,563,263 drones registered in the US, of which 441,709 are used for commercial purposes. Hard-to-reach areas of numerous locations have had drone inspections conducted. Making a 3600 time-lapse movie of a location is one of the most significant uses of drones. This is done by flying drones repeatedly and carefully over a location to take high-resolution images from every angle. With a 3600-capture area, drones surpass the limitation of traditional cameras.
- Burgeoning Requirement across Transport and Logistics
The logistics and transportation sector now heavily relies on video surveillance. The removal of crowding, behavior analysis, improved safety measures, incident recording, and blind spot detection are just a few of the numerous advantages of video analytics for the transportation and logistics vertical. While improving safety, video analytics can contribute to the improvement and improvement of this niche for commuters. The various capabilities provided by video analytics, such as facial recognition, object tracking, unidentified object detection, cargo and train carriage recognition, and intelligent traffic monitoring, can assist logistics and transportation companies in preventing disasters and spotting new threats that could cause infrastructure destruction or vehicle crashes that result in fatalities.
Recent Developments
- In June 2021, Atos SE purchased Ipsotek, a developer of AI-enhanced video analytics software added Ipsotek's software capabilities to its portfolio of Edge AI and Computer Vision solutions
- In December 2021, Senstar Corporation, a provider of perimeter intrusion detection systems (PIDS), video analytics, and management software, worked with IPVideo Corporation to include its Senstar Symphony Common Operating Platform into the HALO IoT Smart Sensor. It is anticipated that this integration will make it easier for HALO users to receive alerts when Senstar Symphony Common Operating Platform data indicates that vaping, chemicals, sounds, gunshots, air quality, or health are beyond of typical ranges or levels
- In July 2020, A video analytics business called Modcam was purchased by Cisco Systems, Inc. It is anticipated that Modcam's solutions will enhance the analytical capabilities of Cisco Meraki MV smart cameras to give their users access to micro-level data
Global Video Analytics System Market Scope
The global video analytics system market is segmented on the basis of type, deployment, application, vertical and organization size. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Software
- Services
Deployment
- On-Premise
- Cloud
Application
- Incident Detection
- Crowd Management
- Intrusion Management
- Traffic Monitoring
- Automatic Number Plate Recognition
- Facial Recognition
- Others
Vertical
- BFSI
- City Surveillance
- Critical Infrastructure
- Education
- Hospitality and Entertainment
- Manufacturing
- Defense and Border Security
- Retail and Consumer Goods
- Traffic Management
- Transportation
- Others
Organization Size
- Small and Medium Enterprise
- Large Enterprise
Some of the major players operating in the global video analytics system market are
- Avigilon Corporation (Canada)
- Axis Communications AB (Sweden)
- Cisco Systems, Inc. (U.S.)
- Honeywell International Inc. (U.S.)
- Agent Video Intelligence Ltd. (U.S.)
- AllGoVision Technologies Pvt. Ltd (India)
- Earth Water Limited (U.S.)
- Genetec Inc., (Canada)
- Intellivision (U.S.)
- Intuvision Inc., (U.S.)
- Puretech Systems (U.S.)
- Hangzhou Hikvision Digital Technology Co., Ltd. (China)
- Dahua Technology USA Inc. (China)
- Iomniscient (Australia)
- NEC Corporation (Japan)
- Huawei Technologies Co., Ltd. (China)
- Gorilla Technology Group (Taiwan)
- ISS corp (U.S.)
- Verint Systems Inc. (U.S.)
- Viseum (U.K.)
- Briefcam (U.S.)
- Bosch Sicherheitssysteme GmbH (Germany)
- i2V Systems Pvt. Ltd (India)
- Cronj (India),
- Microtraffic Inc., (Canada)
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Answers That the Report Acknowledges:
- Video Analytics System Market size and growth rate during forecast period
- Key factors driving the Video Analytics System Market market
- Key Global Video Analytics System Markettrends cracking up the growth of the Biscuits Market market
- Challenges to market growth
- Key vendors of Video Analytics System Market
- Detailed SWOT analysis
- Opportunities and threats faces by the existing vendors in Global Video Analytics System Market Trending factors influencing the market in the geographical regions
- Strategic initiatives focusing the leading vendors
- PEST analysis of the Video Analytics System Market in the five major regions
Why choose Data Bridge Market Research?
- Modern technologies, such as artificial intelligence, to provide updated industry growth.
- DBMR team provides clients with the top notch Video Analytics System Market research report.
- Interaction with research scientists and development heads to understand the nature of the Video Analytics System Market more precisely.
- 24/7 availability of services.
- Data collection from implementation vendors, service providers, and raw material suppliers to provide a clear perspective with Forecast period.
DBMR team uses very fair means to gather information that is scrutinized at every stage while structuring an influential Video Analytics System Market size
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