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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