Video Analytics Market Set for Rapid Growth and Trend, by 2026

Polaris Market Research presents a most up-to-date research on " Video Analytics Market, [By Component (Software, and Services); By Deployment Model (On-Premise, Cloud-Based); By End-User (BFSI, Transportation, Retail, Defense and Government, Travel and Hospitality, Others); By Application (Traffic Monitoring, Intrusion Management, Crowd Monitoring, Automatic Number Plate Recognition, Others); By Region]: Market Size & Forecast, 2018 – 2026".

According to the latest market report published by the company titled ‘Video Analytics Market: Global Industry Analysis and Forecast, 2018 – 2026,’ the global Video Analytics Market is projected to reach US$ 25.4 Billion by the end of 2026 and grow at a CAGR of 28% during the forecast period.

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Brief Analysis Top Key Players –

• International Business Machines Corporation
• Cisco Systems Inc.
• Axis Communications
• Genetec Inc.
• Agent Video Intelligence Ltd
• Honeywell International Inc.
• Aventura Technologies Inc.
• Qognify, Avigilon Corporation
• Puretech Systems Inc.
• Intuvision, Inc.
• Allgovision Technologies Pvt. Ltd.

Video Analytics is video surveillance analysis for detection and notification of specified events. Video analytics detects the anomalies in video data while offering real-time tracking and monitoring. Video analytics offers applications such as facial recognition, object identification, object detection, and perimeter intrusion detection. Video analytics is widely used in public security infrastructure, border security, and traffic monitoring among others.

There has been an increasing requirement for video analytics, especially in banking and government sectors for enhanced security. Use of video analytics also enhances operational efficiency and assists in better decision making ability. The increasing trend of IOT, and machine learning has increased the adoption of video analytics. Increasing cases of terrorism, and growing security concerns have boosted the Video Analytics market growth. Growing investments by governments to improve public safety along with technological advancements has increased the demand for video analytics. The increasing demand of video analytics from healthcare, retail, and defense sectors would provide growth opportunities in the coming years.

The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Video Analytics Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.

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The North America Video Analytics Market generated the highest revenue in 2017 owing to increasing cases of terrorism, and increased concerns of public safety in the region. The increasing trend of cloud-based video analytics in the region supports market growth. BFSI and defense sectors in the region are investing significantly in video analytics for increased efficiency, crowd management, and border monitoring. Government investments in improvement of public safety infrastructure, and technological advancements further support the Video Analytics Market growth in the region.

Competitive Landscape and Key Vendors

The global Video Analytics market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

Key Segments

Component

• Software
• Services

Deployment Model

• On-Premise
• Cloud-Based

End-User

• BFSI
• Transportation
• Retail
• Defense and Government
• Travel and Hospitality
• Others

Application

• Traffic Monitoring
• Intrusion Management
• Crowd Monitoring
• Automatic Number Plate Recognition
• Others

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.