Video Analytics Market Forecasts to 2028 - Global Analysis By Type (Server-Based, Edge-Based), Deployment Model (Cloud, On- Premise) and By Geography
According to Stratistics MRC, the Global Video Analytics Market is accounted for $4.90 billion in 2020 and is expected to reach $18.92 billion by 2028 growing at a CAGR of 18.4% during the forecast period. The increasing installation of video surveillance cameras and growing video data across industries and applications are driving the market growth. However, the high cost of setup and support hardware and lack of consciousness are hampering the growth of the market.
Video analytics is electronic processing that automatically produces images of what is happening in the video, which can be used to list persons, cars, and other objects detected in the video stream, in addition to their appearance and movements. It systematizes the video surveillance procedure by providing high-end aids to the users with reduced cost and proficient service delivery. A huge volume of video data is made through video surveillance in social media and sites, city surveillance, and industries.
Based on the component, the service segment is going to have lucrative growth during the forecast period, owing to the surge in acceptance of digital technologies across numerous industries and the need to delivers enhanced services. Hence, video analytics services aid organizations in installation, security observing, configuration, project consultation, and other necessary security services, which segment growth.
By geography, North America is going to have high growth during the forecast period, owing to growing investments, increasing acceptance of video surveillance systems for improved security and safety drives. The focus of key vendors in this province encourages the development and implementation of video analytics to confirm more safety. Moreover, immense investment coupled with government initiatives to upsurge security is predictable to drive analytics market growth.
Some of the key players profiled in the Video Analytics Market include ADT, Inc, Axis Communications AB, Cisco Systems, Inc., Genetec, Inc., Gorilla Technology Group, Inc., Hangzhou Hikvision Digital Technology Co., Ltd., Honeywell International, Inc., Huawei Technologies Co., Ltd., i2V Systems Pvt. Ltd., IBM Corp., IntelliVision, Mobotix AG, Robert Bosch GmbH, Verint Systems, Inc., Zhejiang Dahua Technology Co., Ltd.
Estimated Market Size in 2020:
USD 4.90 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 18.92 billion
Tables, Graphs& Figures
Component, Organization Size, Architecture Type, Deployment Type, Application, End user, and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
Organization Sizes Covered:
• Small & Medium Enterprises
• Large Enterprises
Architecture Types Covered:
Deployment Types Covered:
• Automatic Number Plate Recognition
• Crowd Management
• Incident Detection
• Intrusion Management
• License Plate Recognition
• Motion Detection
• People/Crowd Counting
• Traffic Monitoring
End Users Covered:
• Banking, financial services and insurance (BFSI)
• City Surveillance
• Critical Infrastructure Protection
• Hospitality and Entertainment
• Defense and Border Security
• Traffic Management
• Transportation and Logistics
• Public Transport
• Smart cities
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Video Analytics Market is majorly driven by growing investments and focus of governing institutions on public safety.
The on-premises segment is growing at a highest CAGR owing to acceptance of on-premise deployment model by industries such as education, financial services & insurance (BFSI) banking and healthcare, which are vulnerable to cyber-attacks.
Asia Pacific dominated with a significant market share due to the factors such as owing to emerging trend of adopting video analytics in various sectors including retail and public sector.
Europe market is growing at a highest CAGR owing to the growing volume of unstructured video data, surging demand for smart cities, and several initiatives by key vendors, propel market growth.
Key players Video Analytics Market include ADT, Inc, Axis Communications AB, Cisco Systems, Inc., Genetec, Inc., Gorilla Technology Group, Inc., Hangzhou Hikvision Digital Technology Co., Ltd., Honeywell International, Inc., Huawei Technologies Co., Ltd., i2V Systems Pvt. Ltd., IBM Corp., IntelliVision, Mobotix AG, Robert Bosch GmbH, Verint Systems, Inc., ZhejiangDahua Technology Co., Ltd.
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