Video Analytics Market: Global Industry Outlook, Size (US$ 15.1 Billion), Share, Growth (CAGR of 20.3%), Top Companies Analysis and Research 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 growth rate (CAGR) of 20.3% during 2022-2027.

Video Analytics Market Trends:

The inflating need for advanced security and surveillance systems is among the key factors stimulating the video analytics market. Moreover, the rising prevalence of cyber-attacks and security breaches is acting as another significant growth-inducing factor. Besides this, the launch of several favorable policies by government bodies for financing video analytics solutions to protect citizens from internal and external threats is also positively influencing the global market. Furthermore, the development of advanced video analytics systems for analyzing visual data and detecting post- and real-time events is propelling the market growth. Apart from this, various technological advancements, including the growing integration of the Internet of Things (IoT) and Machine Learning (ML) with video analytics that process the data using algorithms for accurate, reliable, and critical insights, are further bolstering the global market. Additionally, continuous improvements in the information technology (IT) infrastructures, the increasing number of shopping malls, movie theaters, stores, hotels, parks, resorts, etc., and extensive R&D activities conducted by key market players are expected to fuel the video analytics market over the forecasted period.

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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.

Industry Definition and Application:

Video analytics, also called video content analysis, represents a technological solution that comprises software applications, multiple cameras, artificial intelligence (AI)-based programs, etc., that obtain insights regarding human behavioral patterns and attributes via videos. It provides computerized monitoring, processing, and analysis of video streams in real-time to identify spatial experiences. In line with this, video analytics also offers enhanced security functions to critical infrastructures while automating access control, minimizing staffing requirements, collecting data on customer behavior, etc.

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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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.

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