Press release
Video Analytics Market to Attain Valuation of Around US$ 9.15 bn by the year 2023
This report aims to provide a comprehensive strategic analysis of the global video analytics market along with the market revenue and growth forecast for the period from 2013 to 2023. Increasing necessity for safety and security and valuable insights from video analytics solutions is propelling the growth for the video analytics market. Video analytics equipment and solutions provide post-event as well as real-time event detection by analyzing the data. This increases the efficiency of businesses and security and reduces manpower costs. Moreover, increasing demand for video analytics solutions in various end-user areas, such as residential, commercial, industrial, transportation and logistics, healthcare, defense intelligence and retail applications is driving the market for video analytics globally. Video analytics equipment manufacturers and solution providers focus on providing technologically advanced products to customers to ensure better work, greater reliability, and increased precision.
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This research study on the global video analytics market provides a detailed analysis of how different regions around the globe are using video analytics for various applications to enhance the efficiency of the security solutions as well as businesses themselves. The report offers an in-depth study of the market drivers, restraints, and growth opportunities. Using these factors, the report identifies various trends expected to impact the market during the forecast period from 2015 to 2023. The report includes a comprehensive coverage of the underlying economic, environmental, and technological factors influencing the video analytics market. It also provides the competitive landscape of the key players in the video analytics market in order to highlight the prevalent competition in this market. The report also provides a detailed competitive analysis of the key players in the video analytics market and identifies various business strategies adopted by these leading players. The study explains the penetration of each market segment within various geographies, and how these segments have accelerated the growth of the video analytics market.
Based on application, the video analytics market is segmented into video indexing, people recognition, incident detection, license plate recognition, object recognition, cross-camera tracking, and traffic monitoring applications. The report also provides information pertaining to different end-users such as residential, commercial, industrial, transportation and logistics, healthcare, hospitality and education industry. The report aims to provide a comprehensive, cross-sectional analysis of the video analytics market across major geographical segments such as North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. Video analytics performs various tasks such as analysis of pre-recorded videos for the extraction of data or events from recorded video, and real-time analysis for the purpose of instant retrieval of events of interest as they happen.
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The report includes an overview of the market strategies, annual revenues, and the recent developments of the key companies operating in the market. The key market participants profiled in the study include Bosch Security Systems Inc., VCA Technology Ltd., Genetec, Inc., Avigilon Corporation, IntelliVision, Cisco Systems Inc., PureTech Systems Inc., Honeywell International Inc., Milestone Systems A/S, Samsung Techwin Co., Ltd. (Hanwha Group), IBM Corporation, General Electric, and Nice Systems Ltd. The report provides comprehensive analysis of the video analytics solutions offered by these leading players. In-depth insights on research and development activities, new product launches, and upcoming technologies are also included in the report.
Market Segmentation:
Video Analytics Market Analysis, by Application
Video Indexing
People Recognition
License Plate Recognition
Object Recognition
Incident Detection
Others
Video Analytics Market Analysis, by End-use Industry
Residential
Commercial and Industrial
Urban Security and Public Safety
Healthcare
Defense and Border Security
Transportation and Logistics
Retail
Others
In addition, the report provides cross-sectional analysis of the video analytics market with respect to the following geographical segments:
North America
The U.S.
Rest of North America
Europe
EU7
CIS
Rest of Europe
Asia-Pacific
Japan
China
Oceania
Rest of Asia Pacific
Middle East and Africa (MEA)
GCC Countries
Rest of MEA
Latin America
Brazil
Rest of Latin America
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