Video Analytics Market Size Growing at 22.1% CAGR Set to Reach US$ 21996.0 million by 2028

The "Global Video Analytics Market Analysis to 2028″ is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Video Analytics Market with detailed market segmentation By By Component, Deployment, Application, Vertical and geography.

The video analytics market size was valued at US$ 6,624.9 million in 2022 and is projected to reach US$ 21996.0 million by 2028; The video analytics market size is expected to grow at a CAGR of 22.1% from 2022 to 2028.

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Video analytics is a technique that uses a unique algorithm to evaluate a digital signal to perform a security-related function. It provides security to key infrastructures based on a robust method of recognizing and detecting intruders, creating an alarm upon detecting a specific activity. The healthcare sector has begun to appreciate the benefits of video analytics. Foot traffic past a closed drugstore, for example, may be deemed typical in the evening. However, loitering around the drugstore entrance might indicate a break-in is imminent. A fence-climbing alarm is another example of applied video analytics.

The digitalization of CCTV systems is enhancing the effectiveness and capabilities of surveillance imaging systems for security purposes. Such CCTV systems combined with automation and intelligence are deployed as strong and responsive management tools. Some manufacturers are developing a strong gadget for detecting intruders by applying computer processing capabilities to CCTV photos. CCTV systems are also being integrated with other access control and surveillance technologies to establish an efficient multifunctional system for asset security. Video content analysis (VCA) or video analytics (VA) is a relatively new feature of intelligent CCTV, which can be used in various analytical applications, such as dynamic masking, motion estimation, motion detection, and object recognition.

The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global market. Additionally, the report also highlights market entry strategies for various companies across the globe.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Video Analytics market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

1. Avigilon Corporation
2. AXIS COMMUNICATIONS
3. Agent Video Intelligence Ltd.
4. Honeywell International Inc.
5. AllGoVision Technologies Pvt. Ltd
6. Hangzhou Hikvision Digital Technology Co., Ltd.
7. Dahua Technology Co., Ltd.
8. Huawei Technologies Co., Ltd.
9. NEC Corporation
10. BriefCam

The research provides answers to the following key questions:

1. What is the estimated growth rate of the market for the forecast period 2022-2028? What will be the market size during the estimated period?
2. What are the key driving forces responsible for shaping the fate of the Video Analytics market during the forecast period?
3. Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Video Analytics market?
4. What are the prominent market trends influencing the development of the Video Analytics market across different regions?
5. What are the major threats and challenges likely to act as a barrier in the growth of the Video Analytics market?
6. What are the major opportunities the market leaders can rely on to gain success and profitability?

The global Video Analytics market is segmented on the basis of deployment type, enterprise size, end-user. On the basis of deployment type the market is segmented as cloud, on-premise. On the basis of enterprise size the market is segmented as small and medium enterprises, large enterprises. On the basis of end-user the market is segmented as BFSI, IT and telecom, healthcare, government, retail, automotive, manufacturing, others.

Major highlights of the report:

All-inclusive evaluation of the parent market
Evolution of significant market aspects
Industry-wide investigation of market segments
Assessment of market value and volume in past, present, and forecast years
Evaluation of market share
Study of niche industrial sectors
Tactical approaches of market leaders
Lucrative strategies to help companies strengthen their position in the market

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Video Analytics Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America

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Contact Person: Sameer Joshi
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Phone: +1-646-491-9876

About Us:

The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

This release was published on openPR.