Video Analytics Market Size, Share, Report Covers Future Trends & Research to 2028

"Video Analytics Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Component, Deployment, Application, Vertical, and Geography," the video analytics market size is projected to reach US$ 21,996.0 million by 2028 from US$ 6,624.9 million in 2022; it is estimated to grow at a CAGR of 22.1% from 2022 to 2028. Video Analytics Market Industry Research Report provides comprehensive and Statistical analysis of the market with the help of up-to-date industry share, overview, dynamics, size, growth, competitive analysis, Companies and Video Analytics Market strategy analysis. Also, evaluates the future impact of the propellants and limits on the market. This report provides a detailed overview of key factors in the Video Analytics Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development.

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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 started appreciating 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.

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The report segments the global Market as follows:

By Component (Solution and Service)
By Deployment (On Premise and Cloud based)
By Application (Crowd Management, Facial Recognition, Intrusion Detection, License Plate Recognition, Motion Detection, and Others)
By Vertical (BFSI, Education, Hospitality and Entertainment, Manufacturing, Defense and Border Security, Retail, Transportation and Logistics, and Others)

The Key Players in The Global 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

The COVID-19 pandemic impacted almost every major industry, including education, logistics & supply chain, healthcare, BFSI, retail, and manufacturing. The COVID-19 pandemic in the second quarter of 2020 compelled governments to impose restrictions on different commercial and social activities worldwide. Several governments were using video analytics to monitor the situation and ensure public safety. Further, the demand for video analytics-based face recognition, crowd management, people counting, and intrusion and access control tools increased in the last few years.

On the basis of component, the video analytics market is segmented into solution and service. The market analysis by deployment, the market is bifurcated into cloud-based and on-premise. The market analysis by application, the market is segmented into crowd management, facial recognition, intrusion detection, license plate recognition, motion detection, and others. On the basis of vertical, market is segmented vertical into BFSI, hospitality and entertainment, education, manufacturing, defense and border security, retail, transportation and logistics, and others. The video analytics market analysis, based on geography, is segmented into five major regions North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM).

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Answers that the report acknowledges:

Market size and growth rate during forecast period.
Key factors driving the Market.
Key market trends cracking up the growth of the Market
Challenges to market growth.
Key vendors of Video Analytics Market
Detailed SWOT analysis.
Opportunities and threats face by the existing vendors in Global Market
Trending factors influencing the market in the geographical regions.
Strategic initiatives focusing the leading vendors.
PEST analysis of the market in the five major region

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Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

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This release was published on openPR.