Video Analytics Market Size and Prediction by Leading Technology According to Its Application and Types Till 2026 | IBM Corporation, NTT Communications, Fujitsu Ltd., SoftBank Group Corporation, KT Corporation

The Global Video Analytics Market is forecast to reach USD 19.04 Billion by 2026, according to a new report by Reports and Data. Video analytics is a computerized procedure and automatic analysis of the video content generated, collected, or monitored during video inspection. A large volume of video data is generated through video monitoring in city surveillance, industries, and through social media and sites, and it also demands lots of space for storage. Video analytics automates video surveillance procedure by delivering high-end advantages to users with reduced cost and competent service delivery.

In the region of Asia Pacific, with an increase in the rate of criminal activities, as well as the requirement for the security of the population, pushes the market growth for the video analytics. The developing countries are looking at India and China as the global market leaders because of the utilization of the Internet of Things (IoT) in several walks of life.

The report includes the impacts the economy and global Video Analytics industry has suffered due to the pandemic. The pandemic has made significant dents on the functioning of this industry, and therefore the inclusion of its effect was mandatory for accurate analysis of future trends.

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The market in the Asia Pacific region dominated the market in 2018 and is projected to maintain its market dominance throughout the forecast period growing at a rate of 6.6%. This can be attributed to the growth of end-user industries such as the automotive, consumer goods & home appliances, and electronics industry. Favorable government initiatives for infrastructure development in the region, especially in developing countries like China and India, are also expected to drive the market growth.

Companies considered and profiled in this market study:

IBM Corporation, NTT Communications, Fujitsu Ltd., SoftBank Group Corporation, KT Corporation, British Telecommunications PLC, China Telecom Corporation Ltd., Tata communications, Terremark Worldwide Inc., and AT&T Inc., among others.

Key Factors Explained In The Report:

The Video Analytics market is segmented on the basis of type, application, and region. An extensive explanation of the market, including data regarding the world market players, has been mentioned in the report. The segmentation identifies the leading segments and explains in detail the key factors impacting the growth of the global Video Analytics market. The report also highlights product positioning, customers’ perception of market competition, customer segmentation, buying behavior of consumers, target customers, and others.

For the purpose of this report, Reports and Data have segmented the global data center colocation market on the basis of type, organization size, industry vertical, and region:

Type Outlook (Revenue, USD Million; 2016-2026)

Retail Colocation
Wholesale Colocation

Organization Size Outlook (Revenue, USD Million; 2016-2026)

Small & Medium-Sized Enterprises
Large Enterprises

Industry Vertical Outlook (Revenue, USD Million; 2016-2026)

BFSI
Manufacturing
IT & Telecom
Energy
Government
Healthcare
Media & Entertainment
Others

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The study encompasses the different regions of the world in which the Video Analytics industry operates. These regions are:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

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Manufacturing Analysis of the Video Analytics Market

The report dedicates a section to inspect the manufacturing process of Video Analyticss. It includes a detailed analysis of the key feedstock required, cost and suppliers of the feedstock, cost analysis, pricing volatility, labor cost, and manufacturing process analysis of the Video Analytics market.

Marketing Strategy Analysis, Distributor Analysis of the Video Analytics Market

Different marketing channels comprising of both direct and indirect channels have been assessed in detail in the Video Analytics market report. Crucial data pertaining to the marketing strategies adopted by companies, marketing channels, growth trends, pricing strategy, market standing, targeted consumers, and the distributors and traders operating in the market have also been included in the assessment.

Further key findings from the report suggest:

-Crowd monitoring segment is set to experience the highest CAGR of 23.8% during the forecast period. Crowd monitoring is very important because of the surveillance of crowds in the highly populated regions. Newer technologies help in the segregation of people and help in locating criminals.

-On-Premise solutions segment held a market share of 53.8% in the year 2018. On-premise solutions were the only available resort for video analytics owing to the high costs for cloud solutions. Hardware solutions posed as the cheaper alternative for surveillance and hence was adopted in services.

-BFSI segment is expected to experience the highest CAGR of 25.0% during the forecast period. Banking and Finance required the highest security protocols to be implemented in order to prevent breach in security.

-Asia Pacific is estimated to experience the highest CAGR of 24.3% during the forecast period. Countries like China and India are rapidly catching up with the growth in the video surveillance market. YITU Technology, which supplies Dragonfly Eye System, a facial scanning platform, is growing the influence of video analytics in China…Continued

Key Questions Answered:

What are the key strategies used by prominent players and service providers to get ahead in the Video Analytics market?
What are the resources that exist in respective regions that attract the major players in the Video Analytics market?
What are the latest technologies that are being used by the market?
How are the recent trends affecting the growth of the global Video Analytics market?
What will be the estimated value of the Video Analytics market in the forecast period?

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