Video Analytics Market will Observe Exponential Growth and Opportunities – IBM, Cisco Systems Inc., Axis Communications, Genetec Inc., Agent Video Intelligence Ltd, Honeywell International Inc., Aventura Technologies Inc., Qognify

Video Analytics Market generated USD 2.8 billion in 2017 and is anticipated to grow at a CAGR of 28% during the forecast period according to a study published by Polaris Market Research.

The North America Video Analytics Market generated the highest revenue in 2017 owing to increasing cases of terrorism, and increased concerns of public safety in the region. The increasing trend of cloud-based video analytics in the region supports market growth. BFSI and defense sectors in the region are investing significantly in video analytics for increased efficiency, crowd management, and border monitoring. Government investments in improvement of public safety infrastructure, and technological advancements further support the market growth in the region.

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Video Analytics is video surveillance analysis for detection and notification of specified events. Video analytics detects the anomalies in video data while offering real-time tracking and monitoring. Video analytics offers applications such as facial recognition, object identification, object detection, and perimeter intrusion detection. Video analytics is widely used in public security infrastructure, border security, and traffic monitoring among others.

The leading companies profiled in the Video Analytics Market report include: -
• International Business Machines Corporation
• Cisco Systems Inc.
• Axis Communications
• Genetec Inc.
• Agent Video Intelligence Ltd
• Honeywell International Inc.
• Aventura Technologies Inc.
• Qognify
• Avigilon Corporation
• Puretech Systems Inc.
• Intuvision Inc.
• Allgovision Technologies Pvt. Ltd.

There has been an increasing requirement for Video Analytics, especially in banking and government sectors for enhanced security. Use of video analytics also enhances operational efficiency and assists in better decision-making ability. The increasing trend of IOT, and machine learning has increased the adoption of video analytics. Increasing cases of terrorism, and growing security concerns have boosted the Video Analytics Market growth. Growing investments by governments to improve public safety along with technological advancements has increased the demand for video analytics. The increasing demand of video analytics from healthcare, retail, and defense sectors would provide growth opportunities in the coming years.

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Video Analytics Market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Video Analytics Market. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.

Table of Content of Video Analytics Market:
Chapter 1. Overview and Scope
Chapter 2. Market Summary
Chapter 3 Video Analytics Market Size and Forecast
Chapter 4. Dynamics and Segmentation
Chapter 5. Detailed Insight on Key Company
Chapter 6. Research Methodology and Reference
Chapter 7. Competitive Landscape
TOC Continued…...!!!!

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