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Video Analytics Market (Type - Software, and Services; Application - Intrusion Management, Incident Detection, People/Crowd Counting, and Traffic Monitoring; Deployment Mode - On-premises, and Cloud; Verticals - BFSI, City Surveillance, Critical Infrastructure, Hospitality and Entertainment, Education, Retail and Consumer Goods, Traffic Management, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : June, 2020

  • Rep Id : ICT1432

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

A recent report published by Infinium Global Research on the video analytics market provides an in-depth analysis of segments and sub-segments in the global as well as regional video analytics market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional video analytics market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global video analytics market. According to the report, the global video analytics market is projected to grow at a CAGR of 21.01% over the forecast period of 2020-2026.

 

Market Insight

Video analytics is software that is utilized for monitoring video streams in near real-time. Whereas monitoring the videos, the software identifies attributes, events, or patterns of particular behavior through video analysis of monitored environments. The video analytics is capable of generating automatic alerts and can facilitate forensic analysis of historical data to identify trends, patterns, and incidents. The video analytics enables its users to analyze, organize, and share any insight gained from the data to make smarter, better decisions. A large volume of video data is generated through video surveillance in several industries, city surveillance, and through social media and sites. It automates video surveillance procedures by providing high-end benefits to the users with reduced cost and efficient service delivery.

 

The global video analytics market is predicted to gain impetus from the strong demand for actionable insights obtained from the ever-increasing data pool of enterprises. The need to increase public safety infrastructure supported by investments in forthcoming technologies by governments could draw limelight in the global video analytics market. Conversely, the high cost of investment on the part of supporting hardware and problems associated with storage and bandwidth are anticipated to hold back the growth of the global video analytics market. Further, reliability issues, false alarms, and problems related to isolated and remote locations could be other factors hampering the rise of demand in the global video analytics market. On the other hand, partnership with established players in the global video analytics market is predicted to ease the cost burden. Top-end software offering features such as intrusion management, traffic monitoring, facial recognition, and incident detection could bode well for the future of the global video analytics market. In addition, the current concern over the spread of novel coronavirus is also expected to have a positive impact on the video analytics market. To address the upsurge of COVID-19, governments all over the world are developing stringent surveillance mechanisms to ensure that people in high-risk zones, or those instructed to be under strict home quarantine. Smartphone apps integrated with geotagging features have been rolled out by numerous governments to ensure adherence to social distancing. Health surveillance in the wake of this COVID-19 epidemic has essentially become a mic of technology and human intelligence.

 

Among the geographies, North America region is expected to hold the largest share in the global video analytics market. Factor such as the need for surveillance and automated monitoring with regard to physical monitoring over CCTV cameras is expected to boost the video analytics market in the North America region. Moreover, the installation of video surveillance cameras has augmented significantly in North America post the 9/11 terrorist attack. As a result, the North American region could be poised for impressive growth in the global video analytics market at a striking pace. Furthermore, the Asia Pacific region is expected to witness high growth during the forecast period. India is predicted to experience the benefits of using video analytics particularly in the transportation sector where the security of railways and railway passengers is a major concern.

 

Segment Covered

The report on the global video analytics market covers segments such as type, application, deployment mode, and verticals. On the basis of type, the sub-markets include software, and services. On the basis of application, the sub-markets include intrusion management, incident detection, people/crowd counting, and traffic monitoring. On the basis of deployment mode, the sub-markets include on-premises, and cloud. On the basis of verticals, the sub-markets include BFSI, city surveillance, critical infrastructure, hospitality and entertainment, education, retail and consumer goods, traffic management, and others.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Aventura Technologies Inc, Genetec Inc, IntelliVision, intuVision Inc, PureTech Systems, Cisco Systems, Honeywell International Inc, IBM, Axis Communications, and Avigilon.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the video analytics market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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