Video Analytics Market 2018 Evolving Growth by Cisco Systems Inc, Honeywell International Inc, International Business Machines Corporation, Axis Communications, Allgovision Technologies Pvt. Ltd

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 Video Analytics Market growth in the region.

Worldwide 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.

Top Companies Profiles:
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.

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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.


Competitive Landscape and Key Vendors :
The global 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.

Key Segments

Component
• Software, Services
Deployment Model
• On-Premise, Cloud-Based End-User
End-User
• BFSI, Transportation, Retail, Defence and Government, Travel and Hospitality, Others
Application
• Traffic Monitoring, Intrusion Management, Crowd Monitoring, Automatic Number Plate, Recognition, Others
Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, UK, France, Italy, Rest of Europe)
• Asia-Pacific (China, India,J apan,Rest of Asia-Pacific)
• Latin America (Brazil, Rest of Latin America)
• Middle East and Africa

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.

The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Video Analytics Market, 2017-2026. 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.

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About Polaris Market Research
Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.

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Polaris Market Research
Phone: 1-646-568-9980
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