Video Analytics Market 2022 Strategic Assessment- Axis Communications AB, Avigilon Corporation (Motorola Solutions), Cisco Systems Inc, NEC Corporation, Honeywell International Inc

The report considers the present scenario of the Video Analytics Market and its dynamics for the forecast period 2022-2026. Video Analytics Market covers a detailed overview of several growth enablers, restraints, and trends in the market. The research report highlights the market’s current and potential key opportunities along with crucial insights.              

The Global Video Analytics Market was valued at USD 1528.1 million in 2020 and expected to reach USD 4142.7 million by 2026 and grow at a CAGR of 24.5% over the forecast period (2021 - 2026). 

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The Video Analytics market is highly competitive and consists of a number of major players. Companies like Axis Communications AB, Avigilon Corporation (Motorola Solutions), Cisco Systems Inc., Identiv Inc., Aventura Technologies Inc., Genetec Inc., Honeywell International Inc., Agent Video Intelligence Ltd, Objectvideo Labs LLC, Qognify Limited, NEC Corporation, Herta Security SL, Verint Systems Inc., ISS Inc., International Business Machines Corporation Amongst Others.

Key Developments:

- March 2020 - Motorola Solutions introduced the newest addition to its video security and analytics portfolio, Avigilon Control Center (ACC) 7.6. ACC 7.6 is the companys latest video management software release, enabling various enterprise customers to efficiently monitor their facilities through new AI-powered facial recognition features and analytics.
- October 2019 - Canon and Agent Video Intelligence formed a partnership to launch the first AI-powered cloud-based video analytics service in Singapore. The collaboration with Agent Vi will enhance Canons suite of visual network solutions, offering businesses seamless connectivity with maximum productivity and reduced cost.

Key Market Trends:

Retail Industry is expected to Hold Major Share
- Nowadays, in retail stores, a lot of information is being captured in the form of videos used for loss prevention, theft analysis, and post-analysis when a mishap occurs. Real-time video analytics can unravel various insights from videos captured in stores and help in improving store operations and customer experience.
- The retail sector is focusing on deploying innovative solutions to increase security and customer experience as well, for which a few of them are implementing facial recognition technology. From security to advertisements, a multitude of applications of face recognition is being used in retail. From sending customized ads to identified shoppers to identify gender, age, customer count, and capturing glance time on products, the applications are endless.

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What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools:  Video Analytics Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Finally, Video Analytics Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

We Also Offer Customization on report based on specific client Requirement:

– Free country Level analysis for any 5 countries of your choice.
– Free Competitive analysis of any 5 key market players.
– Free 40 analyst hours to cover any other data point.

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