Video Analytics Market 2020: Key Market Players and their Growth Strategies | AllGoVision Technologies Pvt. Ltd, Aventura Technologies, Inc., Axis Communications AB, Cisco Systems, Inc

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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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.

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.

Moreover, utilization of advanced technologies such as machine learning, deep learning, and artificial intelligence with video analytics software are expected to provide major opportunities for the market growth in near future. In addition, emerging video analytics market trends including integration of video analytics with location as well as identity based systems such as real-time location system (RTLS) and RFID are further expected to boost the growth of the market. Micro expression analysis is further gaining traction in the market owing to application in people management, behavior monitoring, vehicle management, and others.

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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

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