Press release
Video Analytics Market Size Worth $25.4 Billion By 2026 | Industry Players: International Business Machines Corporation, Cisco Systems Inc., Axis Communications, Genetec Inc., Agent Video Intelligence Ltd, Honeywell International Inc. and others.
The global video analytics market size is expected to reach USD 25.4 billion by 2026 according to a new research report published by Polaris Market Research. The report “Video Analytics Market, [By Component (Software, and Services); By Deployment Model (On-Premise, Cloud-Based); By Application (Traffic Monitoring, Intrusion Management, Crowd Monitoring, Automatic Number Plate Recognition, Others); By End User; By Region] – Market Size & Forecast, 2019 – 2026”, provides in depth analysis of the current and future market trends.Video analytics solutions have the capability of offering real time results. The adoption of these solutions is increasingly rapidly for ensuring security and also reduces the burden in terms of costs by enabling dependency on workforce. Also, minimum investments requirement for the integration of video analytics software into the existing surveillance infrastructure and thus enabling considerable return on investments (RoI), is a major driving factor among enterprises for adoption of these solutions.
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The industry verticals where the adoption of these solutions is high are transportation & logistics, defence and government, and retail sectors. Moreover, significant efforts and focus towards minimizing crime rate in the retail industry via development of a safe and conducive environment for customers and employees is expected to assist the market growth during forecast period. The growth in adoption of these solutions is mainly aided by growing security concerns across the world which in turn has resulted in demand for applications such as monitoring and intrusion management around premises/boundaries.
Geographically, North America video analytics market is observed to be the largest market during 2017 among all regions and is expected to dominate throughout the forecast period. Growth in this region is expected mainly due to surge in requirement of efficient video surveillance across the retail sector along with initiatives to curb crime and terrorism activities. Asia Pacific region is expected to witness significant market growth due to introduction of smart cities concept in countries such as China, and India. As a part of these smart city initiatives various techniques for video surveillance are required to be integrated in administration systems to enhance efficiency.
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Some of the leading companies providing video analytics solutions covered in the competitive section of the report include Agent Video Intelligence Ltd, Allgovision Technologies Pvt. Ltd., Aventura Technologies Inc, Avigilon Corporation, Axis Communications, Cisco Systems Inc., Genetec Inc., Honeywell International Inc., International Business Machines Corporation, Intuvision, Inc., and Qognify Puretech Systems Inc. The video analytics space is observed to be fragmented and consists of several players impacting the regional and global market. Strategic initiatives such as collaborations, mergers, new market entries, targeted solutions, etc. are undertaken by the companies to expand their customer base. For instance, during 2017 Cisco introduced a video analytics tool targeted at improvement of operators’ knowledge in the public transportation sector.
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Polaris Market Research has segmented the global 3D printing metal market on the basis of Component, Deployment Model, Application, End User and region:
Video Analytics by Component Outlook (Revenue, USD Million, 2015 – 2026)
• Software
• Services
Video Analytics by Deployment Model Outlook (Revenue, USD Million, 2015 – 2026)
• On Premise
• Cloud Based
Video Analytics by Application Outlook (Revenue, USD Million, 2015 – 2026)
• Traffic Monitoring
• Intrusion Management
• Crowd Monitoring
• Automatic Number Plate Recognition
• Others
Video Analytics by End User Outlook (Revenue, USD Million, 2015 – 2026)
• BFSI
• Transportation
• Retail
• Defence and Government
• Travel and Hospitality
• Others
Video Analytics by Region Outlook (Revenue, USD Billion, 2015 – 2026)
• North America
o U.S.
o Canada
• Europe
o Germany
o UK
o France
o Italy
o Spain
o Belgium
• Asia Pacific
o China
o India
o Japan
o South Korea
• Latin America
o Brazil
o Mexico
• Middle East and Africa
o Israel
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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.
Contact us-
Mr. Rohit
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com
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