Video Analytics Market Analysis - Global Industry Size, Share, Trends and Forecast, 2014 - 2024

Category : ICT | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC284

The rising concern for increased security and understanding of consumer behavior is anticipated to drive the market for video analytics, globally. Video analytics system provides its users with ability to detect real-time and post event through data analysis, which increases the security and efficiency of businesses and cuts down on cost of workforce. These days, the video analytics solution providers and equipment manufacturers are more inclined towards providing more improvised and advanced technology to their customers in order to improve their work and offer increased precision and greater work reliability. This has enhanced the requirement for video analytics in numerous end-user segments. Also, the retail industry is witnessing dynamic transformation in terms of eliminating the risk of shrinkage and crime. Shrinkage being the major issue for the retail sectors, the demand for more advanced and technologically sound video analytics systems is anticipated to increase during the forecast period. Counting and crowd/population management is another factor that is anticipated to fuel the growth of market in next few years. The counting and crowd management application is analyzed to experience high demand in coming years owing to the emergence of applications that can detect the flow of crowd at a particular entry and exit nodes within the vicinity of a property in periodic or real-time reporting. Increasing deployment of this application is expected to accelerate the demand for video analytics systems in near future.

Deployment of video analytics requires a specific infrastructure, which includes systems with massive storage space, high resolution IP cameras, processing power and high configuration. Because, building of suitable infrastructure requires large investments, the market is expected to face challenges in adoption of this technology. Furthermore, due to lack of awareness regarding benefits of IP cameras, customers are reluctant towards switching to IP cameras from analog cameras, which may again adversely affect the growth of market. However, extension in the range of application is an emerging trend in commercial premises and retail outlets under video analytics because of security concerns and demand for understanding and monitoring the ecosystem of the façade. Commercial, residential, and industrial sectors are the major drivers of this market. The rising adoption of cloud based tools is expected to generate new opportunities in the video analytics market.

The video analytics market is briefly segmented into applications, end-user industry, type and deployment model. Based upon the applications, the market is further bifurcated into license plate recognition, cross-camera tracking, incident detection, traffic monitoring application, object recognition, people recognition and video indexing. The end-user industry is sub-segmented into transportation and logistics, banking, financial services, and insurance (BFSI), commercial and industrial, airport and maritime, critical infrastructure security, hospitality and entertainment, retail, defense and public safety and others. The BFSI segment is expected to be the major adopter of video analytics tools, whereas, the public safety and defense is predicted to capture the majority of market share during the forecast period. The type of video analytic systems are software and systems, and based upon the deployment types the market is segmented into cloud based and on-premises.

Geographically, the market is segmented into Europe, North America, Asia-Pacific, Latin America and Middle East & Africa (MEA). Video analytics performs myriad tasks that include analysis of previously recorded videos for gathering of critical data or event through the recorded video. Some of the players in the market include Nice Systems Ltd., General Electric, Cisco Systems Inc., Bosch Security Systems Inc., PureTech Systems Inc., Milestone Systems A/S, Genetec, Inc., VCA Technology Ltd., Samsung Techwin Co., Ltd. (Hanwha Group), Avigilon Corporation, Honeywell International Inc., IntelliVision and IBM Corporation among others.

Market Segmentation

Market by Type

·         Software

·         Systems

Market by Application

·         License plate recognition

·         Cross-camera tracking

·         Incident detection

·         Traffic monitoring

·         Object recognition

·         People recognition

·         Video indexing

Market by End User Industry

·         Transportation and logistics

·         Banking, financial services, and insurance (BFSI)

·         Commercial and industrial

·         Airport and maritime

·         Critical infrastructure security

·         Hospitality and entertainment

·         Retail

·         Defense and public safety

·         Others

Market by Deployment

·         Cloud

·         On-premise

Market by Geography

·         North America

o   US

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Philippines

o   Rest of Asia-Pacific

·         Latin America

o    Brazil

o   Chile

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA


Related Reports

Supply Chain Analytics Market (By Solution: Logistics Analytics, Manufacturing Analytics, Planning & Procurement, Sales & Operations Analytics, Visualization & Reporting; By Service: Professional, Support & Maintenance; By Deployment: Cloud, On-premise; By Enterprise Size: Large Enterprise, Small & Medium Enterprises; By End-user: Retail & Consumer Goods, Healthcare, Manufacturing, Transportation, Aerospace & Defense, High Technology Products, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026

Introduction The global supply chain analytics market size is expected to reach a value of USD 10.7 billion by 2026, this market is anticipated to grow with 15.5% CAGR during the forecast time period. Developing awareness with different advantages, for example, estimating precision and important union of business information, offered by store network investigation

Smart Retail Market (By Solution: Hardware, Software; By Application: Visual Marketing [Digital signage], Smart Label [Smart beacon, Smart shelf], Smart Payment System [e - payment system, Mobile Payment application, POS system], Intelligent System [Augment reality, Virtual reality, Smart carts, Interactive kiosk, Others], Others (Robotics, analytics)) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026

Introduction The global Smart Retail market size is anticipated to around USD 59.4 billion by 2026, this market is anticipated to grow with 24.4% CAGR during the forecast time period. With consolidation of savvy retail innovation, physical retailers are ready to have the capacity to draw in, possess, and convert prospect guests

ROADM WSS Component Market (By Type: Blocker-based, Edge ROADMs, PLC-based, Wavelength Selective Switches (WSS); By Node: Two-node, Multi-node; By Application: Long Haul, Metro; By End-use: Communication, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026

Introduction The global ROADM WSS Component market size is anticipated to around USD 1.3 billion by 2026, this market is anticipated to grow with 12.3% CAGR during the forecast time period.Rising demand for components, which provide flexibility to effortlessly manage wavelengths and monitor network operations are anticipated to arouse the development of the ROADM W

Business Process Outsourcing Market (By Service: Finance & Accounting, Human Resources, Knowledge Process Outsourcing, Procurement & Supply Chain, Customer Services, Others; By End-User: Banking, Financial Services, and Insurance (BFSI), Healthcare, Manufacturing, IT & Telecommunication, Retail, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026

Introduction The global business process outsourcing market size is anticipated to reach USD 344.2 billion by 2026, registering at a CAGR growth of 8.3% over the forecast period. BPO is rapidly gaining momentum across an array of verticals such as banking, financial services, and insurance (BFSI), healthcare, manufacturing, IT & telecommunications, retail, and

NGS Services Market (By Service Type: Human Genome Sequencing, Single Cell Sequencing, Microbial Genome-based Sequencing, Gene Regulation Services [Small RNA Sequencing, ChIP Sequencing, Other Gene Regulation-based Services], Animal & Plant Sequencing, Other Sequencing Services; By Workflow: Pre-sequencing, Sequencing, Data Analysis; By End-use : Universities & Other Research Entities, Hospitals & Clinics, Pharma & Biotech Entities, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026

Introduction The global NGS services market size is anticipated to around USD 3.0 billion by 2026, this market is anticipated to grow with 14.1% CAGR during the forecast time period. The market is driven by increase in demand for better sequencing products drive the need for better NGS services.Growth of NGS technologies has transformed gene sequencing in terms of

Microdisplays Market (By Projection - Near-to-Eye, Projection, Others; By Technology - OLED, LCD, DLP, LCoS; By Application - Consumer Electronics, Military & Defense, Medical, Industrial, Automotive, Others) - Global Industry Size, Share, Trends and Forecast 2018-2026

Introduction The global microdisplays market is the projected to worth around USD 4.0 bn by 2026. It is projected to expand at a CAGR of 20.3% from 2018 to 2026. A microdisplay can be referred as a screen with a diagonal size of less than two inches. The screen are being progressively incorporated in consumer electronic devices, for instance viewfinders of digital cameras, smart

Cart Summary