openPR Logo
Press release

Video Analytics Market Size to reach $21,778.0 Million by 2027 | Valuates Reports

06-21-2021 07:53 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Valuates Reports

Video Analytics Market Size to reach $21,778.0 Million by 2027 |

The global video analytics market size was valued at $4,102.0 million in 2019 and is projected to reach $21,778.0 million by 2027, registering a CAGR of 22.7% from 2020 to 2027.

Inquire for Sample Report: https://reports.valuates.com/request/sample/ALLI-Auto-2A159/Video_Analytics_Market

Asia-Pacific is expected to witness highest growth rate during the forecast period. Industry participants have realized the importance of strengthening the overall video analytics to ensure optimizations of video data for enhancing business processes. Moreover, numerous global and domestic players are operating in the Asia-Pacific market, owing to the emerging trend of adopting video analytics in various industries such as retail and public, as well as the transportation sector. For instance, China applied Social Credit System, which uses extensive facial recognition of its citizen. This facial recognition system is being applied throughout the country, thus the need of cameras for this project is anticipated to drive the growth of the video analytics market.

Rise in demand for automation of video tracking and management 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 cameras, and growth in concern over safety and security pertaining to life & assets are 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 restrict the market growth. Furthermore, use of advanced technologies such as AI, machine learning with video analytics, rise in requirement of business intelligence and insights, and increase in need of edge-based analytics to recognize and profile applications are the major factors expected to provide opportunities for the video analytics market growth.

Browse the full report with Table of Contents and List of figures at: https://reports.valuates.com/market-reports/ALLI-Auto-2A159/video-analytics

In 2019, the software segment was the highest revenue contributor in the video analytics market. This was attributed to growth in need to monitor premises or any facility from any kind of physical threats or suspicious activities. In addition, precise image analysis, real-time processing, multiple visual inputs, and enhanced accuracy are the factors that foster demand for video analytics software. However, the service segment is expected to exhibit highest growth rate during the forecast period, owing to increase in adoption of digital technologies across various industries and need to provide enhanced services. Thus, video analytics services help organizations in project consultation, configuration, installation, security monitoring, and other essential security services, which boosts the growth of the video analytics services market.

By deployment mode, the on-premise segment dominated the overall video analytics market in 2019, and is expected to continue this trend during the forecast period. This is attributed to adoption of on-premise deployment model by industries such as banking, financial services & insurance (BFSI), education, and healthcare, which are vulnerable to cyber-attacks or data breaching due to critical information.

Post COVID-19, the size of the video analytics industry is estimated to grow from $5,186.0 million in 2020 and projected to reach $21,778.0 million by 2027, at a CAGR of 22.70%. The current estimation of 2027 is projected to be higher than pre-COVID-19 estimates. With the emergence of the global health crisis, various business systems have been facing unprecedented challenges right from product development to sales and services, thereby leading to closure of companies. However, video analytics and surveillance technology has gained a double fold growth to support government lockdowns and social distancing measures, which plays a significant role in containing the pandemic.

In addition, the outbreak of COVID-19 is anticipated to offer lucrative opportunities for key players operating in the global video analytics market. Although the market is gaining significant heights due to the COVID scenario, companies within the market are focusing on improving overall quality of services, in terms of better throughput, negligible delay, and effective recognition technology. Hence, to achieve this, companies are integrating 5G and AI technology, thereby gaining a viable solution for issues such as latency and bandwidth. One of the most common use cases that is gaining popularity is its ability to extract information such as number of people who visited the place, age, demographic, and popularity.

Inquire for Regional Report: https://reports.valuates.com/request/regional/ALLI-Auto-2A159/Video_Analytics_Market

Key Findings Of The Study

By component, in 2019 the software segment dominated the video analytics market size. However, the services segment is expected to exhibit significant growth during the forecast period.

Depending on deployment mode, the on-premise generated the highest revenue in 2019. However, the cloud segment is expected to witness highest growth rate in the near future.

On the basis of organization size, the large enterprises segment accounted for the highest revenue in 2019, however, the SME's segment is expected to witness highest growth rate in the forecasted period.

On the basis of application, the retail segment accounted for the highest revenue in 2019, however, the defense & security segment is expected to witness highest growth rate in the forecasted period.

Region wise, the video analytics market was dominated by North America region. However, Asia-Pacific is expected to witness significant growth in the upcoming years.

Some of the key video analytics industry players 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., and Quognify. This study includes market trends, video analytics market analysis, and future estimations to determine the imminent investment pockets.

Similar Reports :

Video Management Software Market: https://reports.valuates.com/market-reports/360I-Auto-1K60/global-video-management-software

Video Content Analytics (VCA) Software Market: https://reports.valuates.com/market-reports/QYRE-Auto-12N2320/global-video-content-analytics-vca-software

AI-powered Video Analytics Market: https://reports.valuates.com/market-reports/QYRE-Auto-33V1663/global-ai-powered-video-analytics

Valuates Reports
sales@valuates.com
For U.S. Toll Free Call +1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp : +91-9945648335

Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
Linkedin - https://in.linkedin.com/company/valuatesreports
Facebook - https://www.facebook.com/valuatesreports/

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Video Analytics Market Size to reach $21,778.0 Million by 2027 | Valuates Reports here

News-ID: 2309361 • Views:

More Releases from Valuates Reports

Strain Gauge for Force Sensors Market Revenue Share, Insights & Future Outlook
Strain Gauge for Force Sensors Market Size The global market for Strain Gauge for Force Sensors was valued at US$ 128 million in the year 2023 and is projected to reach a revised size of US$ 207 million by 2030, growing at a CAGR of 7.3% during the forecast period. How Do Regional Markets and Applications Shape Market Demand? North American market for Strain Gauge for Force Sensors is estimated to increase from
Industrial Electric Steam Boiler Market: Revenue Share, Insights & Future Outloo …
Industrial Electric Steam Boiler Market The global market for Industrial Electric Steam Boiler was estimated to be worth US$ million in 2023 and is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during the forecast period 2024-2030. How Do Regional Markets and Applications Influence Demand? North American market for Industrial Electric Steam Boiler was valued at $ million in 2023 and will reach $ million by
Overhead Catenary Working Vehicles Sales Market Revenue Share, Insights & Future …
Overhead Catenary Working Vehicles Sales Market Size The global Overhead Catenary Working Vehicles market size was US$ 655 million in 2024 and is forecast to a readjusted size of US$ 808 million by 2031 with a CAGR of 3.1% during the forecast period 2025-2031. By 2025, the evolving U.S. tariff policy is poised to inject considerable uncertainty into the global economic landscape. This report delves into the latest U.S. tariff measures and
Sound and Thermal Insulation Market : Revenue Share, Insights & Future Outlook
Sound and Thermal Insulation Market Sound and thermal insulation are two distinct but related concepts used in construction and building design to enhance the comfort, energy efficiency, and acoustic quality of indoor spaces. The global Sound and Thermal Insulation market is projected to grow from US$ million in 2024 to US$ million by 2030, at a Compound Annual Growth Rate (CAGR) of % during the forecast period. There was a growing awareness of

All 5 Releases


More Releases for Video

Key Enterprise Video Market Trend for 2025-2034: AI Video Analytics Advancements …
"What Is the Future Outlook for the Enterprise Video Market's Size and Growth Rate? The size of the enterprise video market has rapidly expanded in recent years. The market's value is anticipated to surge from $22.02 billion in 2024 to $24.64 billion in 2025, indicating a compound annual growth rate (CAGR) of 11.9%. The historical growth can be linked to numerous factors including improved internet accessibility, a transition towards remote work,
Mango Animate's Online Video Enhancer Boosts Video Performance
In recent years, the demand for high-quality video content has surged across various platforms, from social media to professional productions. As more creators, marketers, and businesses seek to elevate their video presentations, tools that can enhance video quality have become essential. One such innovation is the online video enhancer (https://mangoanimate.com/ai/video-enhancer), a tool designed to improve video resolution, clarity, and overall visual appeal. Mango Animate has embraced this trend with Mango
AudFree Netflix Video Downloader Changes Video Viewing
LOS ANGELES, CA. Aug 16, 2024 - AudFree Software, a leading innovative multimedia tools producer, is excited to announce the official launch of its groundbreaking Netflix Video Downloader. AudFree Netflix Video Downloader is a multifunctional downloader for Windows and Mac. This innovative tool is designed to provide users with seamless access to their favorite Netflix content offline. It can download movies, TV shows, documentaries and the rest in up to 1080p.
Adipurush Status Video : Download Latest Adipurush VIdeo Status
Adipurush is an upcoming Indian epic action film directed by Om Raut. The movie is inspired by the Hindu epic Ramayana and features popular actors like Prabhas and Saif Ali Khan in leading roles. As the film's release approaches, fans have been eagerly following every update and teaser related to Adipurush. Adipurush Status Video Downloads: https://shortstatusvideos.com/adipurush-status-video/ The popularity of Adipurush has led to a surge in fan-created status videos related to the
Derby video production company launches remote video service
Derby-based video production and animation company Future Proof Films has launched an innovative new remote filming service which enables it to deliver professional quality video despite the current lockdown. The company, which is based at Connect Derby’s Sadler Bridge Studios, has launched its ‘Pro Remote Video’ service for those businesses that still need professional video content to support their marketing effort. The idea is simple – the team at Future Proof
Video Conferencing Market |video conferencing equipment,video conferencing softw …
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Global Video Conferencing Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Get Report Sample Copy of Video Conferencing Market @ https://www.mrrse.com/sample/711 This comprehensive report analyzes