UK Video Analytics Market Comprehensive Study Explore Huge Growth by 2025

UK video analytics market is estimated to grow considerably at a CAGR of around 27.5% during the forecast period. UK is one of the mature markets for video analytics, with a penetration level around twice that of France or Germany. UK is facing security problems with a far greater reach than its economic ones. ISIS terror threats are alarming and show no signs of declining. The present UK security measures, which have been effective in the past, cannot meet the 21st century ISIS-inspired terror tactics. A revision of UK security infrastructure and funding is already underway. The transformation of UK security infrastructure and HLS budgets is required.

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The companies which are contributing to the growth of the UK video analytics market include AxxonSoft, Bosch Security Systems, Inc., Cisco Systems, Inc., Ipsotek Ltd., and IBM Corp.

The 2015 Paris and the March 2016 Brussels terrorist attacks have focused greater attention on the threats posed by international terrorists and acted as an outgrowth for UK authorities to enhance emergency planning and response capabilities. UK market for security & safety products such as motion detection system, border surveillance system is sophisticated and well served. Video surveillance and video analytics companies are well entrenched in UK video analytics market.

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ANPR (automatic number plate recognition) system is also very effective in maintaining the traffic system in UK to improve public safety and security. The ANPR is used by law enforcement agencies in UK to assist in detecting and preventing lawbreaking including handling terrorists and crime groups. The movement of the vehicle on UK roads is recorded by a network of more than 7000 cameras capturing between 25 and 35 million ANPR records daily.

These records are stored for up to two years in the National ANPR Data Centre (NADC), which can be accessed, analyzed and used as evidence as part of investigations by UK law enforcement agencies. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market.

Market Segmentation

Video Analytics Market by Deployment Type

o Cloud-based
o On-Premises

Video Analytics Market by Application

o Banking, Financial Services, and Insurance (BFSI)
o Healthcare
o Retail
o Government & Defense
o Traffic Management
o Others (Surveillance)

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