Video Analytics Market Report 2022-2027: Global Size, Share, Growth, Top Companies and Industry Trends

According to IMARC Group's latest report, titled "Video Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global video analytics market reached a value of US$ 5.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 15.1 Billion by 2027, exhibiting a CAGR of 20.3% during 2022-2027.

COVID-19 Impact:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Industry Definition and Application:

Video analytics represents the computerized processing, monitoring, and analysis of video streams in real-time to recognize spatial events. It generally involves cameras, software applications, artificial intelligence (AI)-based programs, etc., that obtain insights about attributes, events, and human behavioral patterns via videos. These insights are used for motion and intrusion detection, surveillance, generating heat maps, observing traffic patterns on social media platforms, etc. They are also utilized for 2D and 3D counting, dynamic blurring, facial recognition, license plate reading, etc. Consequently, video analytics finds extensive applications across several industries, such as retail, banking, financial services and insurance (BFSI), critical infrastructures, traffic management, transportation and logistics, etc.

Market Trends:

The inflating need for an improved security and surveillance system, on account of the rising prevalence of cyber-attacks, is primarily driving the video analytics market. Additionally, the widespread adoption of internet protocol (IP)-based surveillance systems for business intelligence (BI) is further catalyzing the market growth. Besides this, the growing utilization of advanced video analytics systems for analyzing visual data and detecting post- and real-time events is acting as another significant growth-inducing factor. Moreover, continuous improvements in the information technology (IT) infrastructures are positively influencing the global market. Apart from this, numerous technological advancements, including the introduction of the Internet of Things (IoT) and machine learning (ML) systems, are anticipated to fuel the video analytics market over the forecasted period.

Video Analytics Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the video analytics market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

Agent Video Intelligence Ltd.
AllGoVision Technologies Pvt. Ltd.
Aventura Technologies Inc.
Avigilon Corporation (Motorola Solutions)
Axis Communications AB (Canon Inc.)
Cisco Systems Inc.
Gorilla Technology Inc. (Gorilla Science & Technology Holding, Inc.)
Honeywell International Inc.
IBM
IntelliVision Technologies Corp. (Nortek Security & Control LLC)
Intelligent Security Systems Corporation
KiwiSecurity Software GmbH
PureTech Systems Inc. (FLIR Systems)
Qognify Inc.
Verint Systems Inc.

Key Market Segmentation:

The report has segmented the global video analytics market on the basis of component, deployment type, application, architecture type, organization size, end user and region.

Breakup by Component:                  

Software
Services

Breakup by Deployment Type:

On-Premises
Cloud

Breakup by Application:                                           

Incident Detection
Intrusion Management
People/Crowd Counting
Traffic Monitoring
Automatic Number Plate Recognition
Facial Recognition
Others

Breakup by Architecture Type:

Edge-Based
Server-Based

Breakup by Organization Size:

Small and Medium Enterprise
Large Enterprise

Breakup by End User:

BFSI
Retail
Critical Infrastructure
Traffic Management
Transportation? and Logistics
Hospitality and Entertainment?
Defense and Security
Others

Breakup by Region:

North America
Asia Pacific
Europe
Latin America
Middle East and Africa

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/video-analytics-market

Key Highlights of the Report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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This release was published on openPR.