Video Analytics Market Consumption Analysis, Business Overview and Upcoming Trends 2030

The global video analytics market reached a value of US$ 5.3 Billion in 2022 and is expected to reach around US$ 15.5 Billion by 2028, registering a CAGR of 20.5% over the forecast period.

By providing information through real-time video, video analytics is expected to improve the use of business intelligence and security monitoring. When one is away from their place of business or residence, staying linked to their essential monitoring operation is furthermore made simple and scalable by technological devices like mobile and tablet apps. Users of these programmes can watch live video or record videos.

In the market for video analytics in 2019, the sector for traffic monitoring accounted for 20.1% of total market revenue. This makes it possible to identify people by keeping an eye on both crowds and automobiles. Both criminal activity and fugitives are more easily apprehended.

Video analytics linked with intrusion systems can provide precise and automated surveillance. The automated intrusion management system creates a real-time alarm and sends a video of the incident to the video management software (VMS) whenever an intruder violates a predefined security rule. This enables the responsible authorities to respond quickly and effectively.

In terms of end-user verticals, the retail sector held a share of 31.7% in the market for video analytics in 2019. Here, video analytics are used to maintain security, learn more about customers, and boost sales of a product.

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The Video Analytics Market - Market Trends
• North America region is expected to be the largest market for video analytics during the forecast period. New development & upgradation of urban surveillance and traffic management systems, along with government initiatives for the integration of video surveillance in security systems, are some of the major drivers for this market in the region.

• The retail segment is expected to have the largest market share and dominate the overall market during the forecast period. Retailers use video analytics to enhance their business processes and manage their inventory levels.

• On-premises deployment is estimated to bthe e largest revenue-generating segment because enterprises prefer their internal infrastructure for hosting video analytics software instead of outsourcing it to third parties due to security concerns

The Video Analytics Market - Segmentation
Video Analytics Market, By Type
• Software (On-premise and Cloud)
• Services

Video Analytics Market, By End-user
• BFSI
• Healthcare
• Retail & Logistics
• Critical Infrastructure
• Hospitality and Transportation
• Defense and Security
• Other End-user verticals (Manufacturing, etc.)
The Video Analytics Market - Key Market players
The major players in the market are:
• Avigilon Corporation
• AXIS COMMUNICATIONS
• Agent Video Intelligence Ltd.
• Honeywell International Inc.
• AllGoVision Technologies Pvt. Ltd
• Hangzhou Hikvision Digital Technology Co., Ltd.
• Dahua Technology Co., Ltd.
• Huawei Technologies Co., Ltd.
• NEC Corporation
• BriefCam

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