Reliable Data You Can Trust
Reliable Data You Can Trust
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.
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. Video analytics is capable of
generating automatic alerts and can facilitate forensic analysis of historical
data to identify trends, patterns, and incidents. 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, the North American 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.
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.
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.
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
forecasts 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.