Video Analytics Market 2020 - Provide Country Wise economical status after COVID-19 impact | AllGoVision Technologies Pvt. Ltd, Aventura Technologies, Inc., Axis Communications AB

Video analytics is a computerized processing and automatic analysis of the video content generated, collected, or monitored during video surveillance.Rise in need for video surveillance drives the demand for video analytics across numerous industries such as government & public sector, BFSI, retail, airports, manufacturing, and others. Also, infeasibility of surveillance professionals to manually track & detect suspicious incidents from large number of video data produced, growth in concerns over safety & security, and need to obtain actionable insights from huge amount of video data generated from multiple video sources are the factors that fuel the video analytics market growth during the forecast period.

The global video analytics market was valued at $4.10 billion in 2019 and is projected to reach $20.80 billion by 2027, growing at a CAGR of 22.7% from 2020 to 2027.

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Some of the key players in the video analytics market that are profiled in the report include 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.

North America dominated the overall video analytics market in 2019 and is expected to remain dominant during the forecast period, due to growth in demand for public safety and increase in needs of actionable insights. For instance, the U.S. government is heavily investing in video analytics technology to develop smart city solutions such as waste management sensors, smart logistics, vehicle fleet communication, and broadband infrastructure. Furthermore, Asia-Pacific is expected to exhibit the highest growth rate throughout the forecast period.

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Furthermore, rise in requirement of business intelligence and insights, and increase in need of edge-based analytics to recognize and profile application are the major factors expected to provide opportunities for the video analytics market growth in the upcoming years.

Based on component, the software segment dominated the overall video analytics market size in 2019 and is expected to remain dominant during the forecast period. Also, the services segment is expected to exhibit significant growth rate due to increase in adoption of digital technologies across the various industries and need to provide enhanced services.

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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

3.3.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 cameras
3.5.1.2.Growth in concern over public safety and security
3.5.1.3.Rise 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.Use of advanced technologies such as AI, machine learning with video analytics
3.5.3.2.Need of edge-based analytics to recognize and profile applications
3.5.3.3.Growth in requirement of business intelligence and insights

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