Video Analytics Market: Global Industry Outlook, Size (US$ 15.1 Billion), Share, Growth (CAGR of 20.3%), Top Companies Analysis, Report 2022-2027

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 size reached 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.

Video Analytics Market Trends:

The rising security concerns and the increasing instances of various fraudulent activities have intensified the adoption of automated video tracking and management systems across several industries to protect assets and individuals from suspicious activities. Moreover, the growing need for IP-based security cameras and video analytics to organizations in project consultation, configuration, installation, and security monitoring is favoring the video analytics market growth. Additionally, fueling consumer awareness regarding the advantages of video analytics software, such as real-time processing, precise image analysis, multiple visual inputs, and enhanced accuracy, is propelling the market growth. Besides this, the use of cutting-edge technologies, including artificial intelligence (AI) and machine learning (ML), and the growing need for business intelligence, insights, and edge-based analytics to identify and profile applications, are contributing to the market growth.

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Year Considered to Estimate the Market Size:

Base Year of the Analysis: 2021
Historical Period: 2016-2021
Forecast Period: 2022-2027

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 based on 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

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Industry Definition and Application:

Video analytics refers to a computerized platform that employs algorithms to automate the processing and analysis of video footage or signals created, gathered, or watched during surveillance. It is easy to set up, and its software helps in identifying attributes, events, patterns, and characteristics of people or objects while disregarding unrelated activities in the video. Video analytics further enables users to organize, distribute, and evaluate insights acquired from footage data to assist in making better decisions. Apart from this, it reduces the workload of safety personnel, performs real-time monitoring of diverse activities, and provides odd visual perception with high accuracy by utilizing auto-tracking and car location recognition solutions.

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.

Note: We are updating our reports, if you want the report with the latest primary and secondary data (2022-2027) including industry trends, market size and competitive landscape, etc. click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

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This release was published on openPR.