Video Analytics Market Analysis - Global Industry Size, Share, Trends and Forecast 2022 - 2030

The market for video analytics is expected to grow at a CAGR of around 21.5% from 2021 to 2028 and expected to reach the market value of around US$ 16,905.3 Mn by 2028.

Video analytics solutions can capture and identify various types of content and events, including motion detection, vehicle counting, heatmap, crowd, facial recognition, and dwell time in shopping aisles, traffic, and queue detection among others.

Report coverage

Market Dynamics

The disadvantages associated with manual video analysis and decreasing prices of video surveillance equipment are supporting the market value. Increasing demand from enterprises for actionable insights from video data is supporting the market value. The rising government investments in emerging technologies to enhance the public safety infrastructure are additionally accelerating the market value. Furthermore, growing inclination toward advanced technologies and high demand for recognition applications, enhanced video surveillance and video analytics software & services in non-government sectors are some of the important factors anticipated to provide potential opportunities over the forecast period from 2017-2028.

On the other side, high investments in legacy installations and privacy issues are the factors projected to hamper market growth.

Cloud deployment segment is projected to experience fastest growth over the forecast

By deployment, the cloud segment is anticipated to exhibit the fastest growth over the forecast period from 2017-2028. The changing requirement of customers along with the benefits associated with cloud-based solutions like higher scalable and support for an unlimited number of cameras for providing real-time analyses of incidents are other important factors supporting the segmental market value.

The market research study on “Video Analytics Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2017-2028”, offers a detailed insight into the global video analytics market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights into the global Video Analytics market, its type, deployment, application, vertical and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global video analytics market size and volume, and segment markets by type, deployment, application, vertical and geography along with the information on companies operating in the market. The video analytics market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.

North America accounted for the major share in Video Analytics market

In 2020, North America has registered maximum share (%) in the global market due to its advanced infrastructure and available facilities. The presence of major players in the regional market is additionally supporting the regional market value. The rapid technological development along with the increasing focus of prominent players towards security and safety by incorporating analytics in the regional market is additionally propelling the regional market value.

The players profiled in the report include 3VR (US), Agent Vi (US), Aimetis (US), AllGoVision (APAC), Aventura (US), Avigilon (US)Axis Communications (Europe), BriefCam (US), Cisco Systems (US), DELOPT (APAC), Digital Barriers (Europe), Genetec (US), Gorilla Technology (APAC), Honeywell (US), i2V (APAC), IBM (US), Intelligent Security Systems (US), IntelliVision (US), intuVision (US), iOmniscient (APAC), Ipsotek (Europe), KiwiSecurity (Europe), PureTech Systems (US), Qognify (US), Verint (US), and Viseum (Europe).

Market Segmentation

Market By Type

Software
Services
Deployment
On-premises
Cloud

Market By Application

Incident Detection         
Intrusion Management
People/Crowd Counting
Traffic Monitoring
Automatic Number Plate Recognition
Facial Recognition
Others

Market By Vertical

BFSI
City Surveillance
Critical Infrastructure
Education
Hospitality and Entertainment
Manufacturing
Defense and Border Security
Retail and Consumer Goods
Traffic Management
Transportation
Others (Healthcare and Life Sciences, and Construction)

Market By Geography

North America
•    U.S.
•    Canada

Europe
•    U.K.
•    Germany
•    France
•    Spain
•    Rest of Europe

Asia-Pacific
•    China
•    Japan
•    India
•    Australia
•    South Korea
•    Rest of Asia-Pacific

Latin America
•    Brazil 
•    Mexico
•    Rest of Latin America

Middle East & Africa
•    GCC
•    South Africa
•    Rest of Middle East & Africa