Video Analytics Market by Component (Software and Services), Deployment (Cloud and On-Premises), Organization Size (Small & Medium Enterprises and Large Enterprises), and Application (Retail, Healthcare, BFSI, Transportation & Logistics, Government, Manufacturing, Mining, and Others): Opportunity Analysis And Industry Forecast, 2020–2027
Video analytics is the video content analysis to detect the anomalies, spatial, and temporal occurrences, and automatically generate alarms or alerts to the concerned user. Video analytics software can also simplify forensic analysis of historical data to classify trends, patterns, and incidents. Video analytics automates the video surveillance process by delivering high-end benefits to the users at reduced cost. In the recent years, increase in demand for actionable insights from the video data has given rise to deployment by the end users from the public as well as the private sector.
Rise in demand for automation of video tracking and management drives the demand for video analytics across various industries such as banking, financial services, retail, airports, manufacturing, and others. In addition, demand for IP-based security cameras, and growth in concern over safety and security pertaining to life & assets are expected to fuel the market growth during the forecast period. However, increase in number of false alarms during bad weather or poor lightning conditions and the high cost of initial installment are anticipated to restrict the market growth. Furthermore, use of advanced technologies such as AI, machine learning with video analytics, rise in requirement of business intelligence and insights, and increase in need of edge-based analytics to recognize and profile applications are the major factors expected to provide opportunities for the market growth.
The global video analytics market is segmented on the basis of component, deployment, organization size, application, and region. By component, the market is classified into software and services. By deployment, the market is categorized into on-premise and cloud. On the basis of organization size, the market is bifurcated into large enterprises and small & medium enterprises. By application, the market is divided into retail, healthcare, BFSI, transportation & logistics, government, manufacturing, mining, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the global video analytics market include AllGoVision Technologies Pvt. Ltd, Aventura Technologies, Inc., Axis Communications AB, Cisco Systems, Inc., Honeywell International, Inc., IBM Corporation, Intellivision, PureTech Systems, Inc., Verint Systems, Inc., Quognify, and others.
KEY BENEFITS
The report provides an in-depth analysis of the global video analytics market, outlining current trends, key driving factors, and potential areas for product investments.
Key players are analyzed with respect to their primary offerings, recent investments, and future development strategies.
Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
The quantitative analysis of the global video analytics market from 2019 to 2027 is provided to determine the market potential.
KEY MARKET SEGMENTS
BY COMPONENT TYPE
Software
Services
BY DEPLOYMENT TYPE
On-Premise
Cloud
BY ORGANIZATION SIZE
Small & Medium Enterprise
Large Enterprise
BY APPLICATION
Retail
Queue Management
Staff Management
Store and Inventory Management
Aisle management
Product Placement Analysis
Customer Shopping and Buying Behavior Analysis
Intrusion detection
Others
Healthcare
Patient Monitoring
Staff Management
Emergency procedure management
Remote Monitoring
Security and Safety Management
Facility management
Access Control Management
Others
BFSI
Customer Management
Security and Safety Management
Queue Monitoring
Customer Behavior Analysis
Staff Management
Sales and Marketing Management
Access Control Management
Intrusion detection
Others
Transportation & Logistics
Traffic management
Security and Safety Management
Time management
Driver and Passenger Behavior Analysis
Crowd management
Parking Management
Vehicle/Number Plate recognition
Object recognition and tracking
Intrusion detection
Speeding Detection
Others
Government
Intrusion Detection
People/Face detection/recognition and tracking
Security and Safety Management
Incident Detection
Resource Management
Crowd Management
Object recognition and tracking
Others
Manufacturing
Intrusion detection
Security and Safety Management
Site Management
Remote Monitoring
Access Control Management
Post-incident investigation
Streamlining Operations
Inbound/Outbound Management
Others
Mining
Perimeter Security
Remote monitoring
Access Control Management
Object recognition and tracking
Employee Safety Management
Process Control Monitoring
Others
Others
By Region
North America
U.S.
Canada
Europe
UK
Germany
France
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
KEY MARKET PLAYERS PROFILED IN THE REPORT
AllGoVision Technologies Pvt. Ltd.
Aventura Technologies, Inc.
Axis Communications AB
Cisco Systems, Inc.
Honeywell International, Inc.
IBM Corporation
Intellivision
PureTech Systems, Inc.
Verint Systems, Inc.
Quognify
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