What are the Growth Drivers of Video Analytics Market? By Top Manufacturers - AllGoVision Technologies Pvt. Ltd, Aventura Technologies, Inc., Axis Communications AB, Cisco Systems, Inc., Honeywell International, Inc., IBM Corporation

Video analytics is the video content analysis to detect the anomalies, spatial & temporal occurrences, and automatically generate alarms or alerts to the concerned user. Several industry players such as IBM Corporation, Cisco Systems, Inc., and Verint Systems, Inc., offer solutions to cater to the need of video analysis for various user types, including small & medium enterprises (SMEs) and large enterprises. Video analytics automates the video surveillance process by delivering high-end benefits to the users with reduced cost and efficient service delivery. In the recent years, increase in demand for actionable insights from the video data has given rise to deployment by the end users from the public as well as the private sector.

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Increase in demand for industrial automation drives the demand for video analytics across various industries such as banking, financial services, retail, airports, manufacturing, and others. In addition, demand for IP-based security systems and infrastructure, and rise in concern over safety and security to life as well as assets is expected to fuel the market growth during the forecast period. However, increase in number of false alarms during bad weather or poor lightning conditions and the high cost of initial installment are anticipated to hamper the market growth. Furthermore, rise in requirement of business intelligence and insights, and increase in need of edge-based analytics to recognize as well as profile applications are the major factors expected to provide opportunities for the market growth.

The global video analytics market is segmented based on component, deployment, organization size, application, and region. Based on component, the market is classified into software and services. By deployment, the market is categorized into cloud and on-premises. On the basis of organization size, the market is bifurcated into small & medium enterprises and large enterprises. By application, the market is divided into retail, healthcare, BFSI, transportation and logistics, government, manufacturing, mining, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Significant players operating in the video analytics market are AllGoVision Technologies Pvt. Ltd, Aventura Technologies, Inc., Axis Communications AB, Cisco Systems, Inc., Honeywell International, Inc., IBM Corporation, Intellivision, PureTech Systems, Inc., Verint Systems, Inc., Quognify, and others.

KEY BENEFITS

• The report provides an in-depth analysis of the global video analytics market, outlining current trends, key driving factors, and potential areas for product investments.
• Key players are analyzed with respect to their primary offerings, recent investments, and future development strategies.
• Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
• The quantitative analysis of the global video analytics market from 2017 to 2025 is provided to determine the market potential.

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Video Analytics ware Market Key Segments:

BY COMPONENT TYPE

Software
Services
BY DEPLOYMENT TYPE

On-Premise
Cloud
BY ORGANIZATION SIZE

Small & Medium Enterprise
Large Enterprise
BY APPLICATION

• Retail
Queue Management

Staff Management

Store and Inventory Management

Aisle management

Product Placement Analysis

Customer Shopping and Buying Behavior Analysis

Intrusion detection

Others

• Healthcare
Patient Monitoring

Staff Management

Emergency procedure management

Remote Monitoring

Security and Safety Management

Facility management

Access Control Management

Others

• BFSI
Customer Management

Security and Safety Management

Queue Monitoring

Customer Behavior Analysis

Staff Management

Sales and Marketing Management

Access Control Management

Intrusion detection

Others

• Transportation & Logistics
Traffic management

Security and Safety Management

Time management

Driver and Passenger Behavior Analysis

Crowd management

Parking Management

Vehicle/Number Plate recognition

Object recognition and tracking

Intrusion detection

Speeding Detection

Others

• Government
Intrusion Detection

People/Face detection/recognition and tracking

Security and Safety Management

Incident Detection

Resource Management

Crowd Management

Object recognition and tracking

Others

• Manufacturing
Intrusion detection

Security and Safety Management

Site Management

Remote Monitoring

Access Control Management

Post-incident investigation

Streamlining Operations

Inbound/Outbound Management

Others

• Mining
Perimeter Security

Remote monitoring

Access Control Management

Object recognition and tracking

Employee Safety Management

Process Control Monitoring

Others

• Others
By Country:

North America: U.S., Canada, Mexico

Europe: UK, Germany, France, Spain, Italy, Rest of Europe

Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific

LAMEA: Chile, Israel, South Africa, Rest of LAMEA

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Table of content:

CHAPTER 1: INTRODUCTION

1.1. Report description

1.2. Key market segments

1.3. Key benefits

1.4. Research methodology

1.4.1. Primary research

1.4.2. Secondary research

1.4.3. Analyst tools & models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. Cxo perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market definition and scope

3.2. Key findings

3.2.1. Top impacting factors

3.2.2. Top investment pockets

3.2.3. Top winning strategies

3.3. Porter's five forces analysis

3.3.1. Bargaining power of Suppliers

3.3.2. Threat of new entrants

3.3.3. Threat of substitutes

3.3.4. Competitive rivalry

3.3.5. Bargaining power among buyers

3.4. Top player positioning

3.5. Market dynamics

3.5.1. Drivers

3.5.1.1. Increase in demand for IP-based security systems

3.5.1.2. Growth in concern over public safety and security

3.5.1.3. Increase in volume of unstructured video data

3.5.2. Restraints

3.5.2.1. High initial investment cost on systems and infrastructures

3.5.2.2. Increase in number of false alarm alerts

3.5.3. Opportunities

3.5.3.1. Need of edge-based analytics to recognize and profile applications

3.5.3.2. Growth in requirement of business intelligence and insights

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