Video Analytics Market Business Expansion Strategies for Emerging Players in the Market in 2023-2031

Video analytics is the video content analysis to detect the anomalies, spatial, and temporal occurrences, and automatically generate alarms or alerts to the concerned user. Video analytics software can also simplify forensic analysis of historical data to classify trends, patterns, and incidents. Video analytics automates the video surveillance process by delivering high-end benefits to the users at reduced cost. In the recent years, increase in demand for actionable insights from the video data has given rise to deployment by the end users from the public as well as the private sector.

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Governmental organizations are boosting their maintenance budgets for system infrastructure while simultaneously funding initiatives for project development, modernization, and enhancement. As a result of the investments' success, ICT vendors now annually set aside funding for the growth of the online market. Global ICT exports are anticipated to increase 3.9% on average year from US$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. Global supply has increased by 9.5% yearly since 2009. In terms of global ICT exports in 2021, Ireland came in first place with US$ 169. 32 billion. The rankings placed China at number 4, the United States at number 2, and India at number 3. Since 2009, Brunei has increased by 228.2% year over year, while Sierra Leone has decreased by 61.7% year over year.

By 2026, European ICT Revenue is likely to increase by 1.5% annually, from US$ 1,802,413 Million in 2021 to US$ 1,933,429 Million. The European market has increased by 3.1% annually since 2016. In terms of ICT Revenue in Europe in 2021, Germany came in first place with US$ 339,074 million. Positions 2, 3, and 4 in this ranking were held by the United Kingdom, France, and Ireland, respectively. Since 2016, Malta has increased by 16.5% year over year, while Italy has decreased by 0.2%.

Rise in demand for automation of video tracking and management drives the demand for video analytics across various industries such as banking, financial services, retail, airports, manufacturing, and others. In addition, demand for IP-based security cameras, and growth in concern over safety and security pertaining to life & assets are expected to fuel the market growth during the forecast period. However, increase in number of false alarms during bad weather or poor lightning conditions and the high cost of initial installment are anticipated to restrict the market growth. Furthermore, use of advanced technologies such as AI, machine learning with video analytics, rise in requirement of business intelligence and insights, and increase in need of edge-based analytics to recognize and profile applications are the major factors expected to provide opportunities for the market growth.

The global video analytics market is segmented on the basis of component, deployment, organization size, application, and region. By component, the market is classified into software and services. By deployment, the market is categorized into on-premise and cloud. On the basis of organization size, the market is bifurcated into large enterprises and small & medium enterprises. By application, the market is divided into retail, healthcare, BFSI, transportation & logistics, government, manufacturing, mining, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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KEY BENEFITS
- The report provides an in-depth analysis of the global video analytics market, outlining current trends, key driving factors, and potential areas for product investments.
- Key players are analyzed with respect to their primary offerings, recent investments, and future development strategies.
- Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the global video analytics market from 2019 to 2027 is provided to determine the market potential.

KEY MARKET PLAYERS PROFILED IN THE REPORT
- AllGoVision Technologies Pvt. Ltd.
- Aventura Technologies, Inc.
- Axis Communications AB
- Cisco Systems, Inc.
- Honeywell International, Inc.
- IBM Corporation
- Intellivision
- PureTech Systems, Inc.
- Verint Systems, Inc.
- Quognify

KEY MARKET SEGMENTS

BY COMPONENT TYPE
- Software
- Services

BY DEPLOYMENT TYPE
- On-Premise
- Cloud

BY ORGANIZATION SIZE
- Small & Medium Enterprise
- Large Enterprise

BY APPLICATION
- Retail
? Queue Management
? Staff Management
? Store and Inventory Management
? Aisle management
? Product Placement Analysis
? Customer Shopping and Buying Behavior Analysis
? Intrusion detection
? Others
- Healthcare
? Patient Monitoring
? Staff Management
? Emergency procedure management
? Remote Monitoring
? Security and Safety Management
? Facility management
? Access Control Management
? Others
- BFSI
? Customer Management
? Security and Safety Management
? Queue Monitoring
? Customer Behavior Analysis
? Staff Management
? Sales and Marketing Management
? Access Control Management
? Intrusion detection
? Others
- Transportation & Logistics
? Traffic management
? Security and Safety Management
? Time management
? Driver and Passenger Behavior Analysis
? Crowd management
? Parking Management
? Vehicle/Number Plate recognition
? Object recognition and tracking
? Intrusion detection
? Speeding Detection
? Others
- Government
? Intrusion Detection
? People/Face detection/recognition and tracking
? Security and Safety Management
? Incident Detection
? Resource Management
? Crowd Management
? Object recognition and tracking
? Others
- Manufacturing
? Intrusion detection
? Security and Safety Management
? Site Management
? Remote Monitoring
? Access Control Management
? Post-incident investigation
? Streamlining Operations
? Inbound/Outbound Management
? Others
- Mining
? Perimeter Security
? Remote monitoring
? Access Control Management
? Object recognition and tracking
? Employee Safety Management
? Process Control Monitoring
? Others
- Others

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By Region
- North America
o U.S.
o Canada

- Europe
o UK
o Germany
o France
o Russia
o Rest of Europe

- Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific

- LAMEA
o Latin America
o Middle East
o Africa

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