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Video Analytics Market Report (2023-2032)- Industry Revenue, Technology Scouting, Recent Trends, Global Industry Size And Top Key Players | Allgovision Technologies Pvt. Ltd., Aventura Technologies Inc., Cisco Inc., Honeywell Inc., Intell Vision technolog
Video Analytics Market
Video Analytics Market Size, Growth Rate, And Forecast:
The global video analytics market size grew from $5.87 billion in 2022 to $7.17 billion in 2023 at a compound annual growth rate (CAGR) of 22.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The video analytics market size is expected to grow to $14.9 billion in 2027 at a CAGR of 20.1%.
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Video Analytics Market Drivers:
The drop in crime rate due to surveillance cameras is expected to propel the growth of the video analytics market. Surveillance cameras produce a large number of videos and are an essential part of securing any infrastructure. Video analytics helps in reducing crime rates by automatically tracking and gaining reliable insights from video frames, thus reducing the chances of negligence or human errors.
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Video Analytics Market Segments:
By Component: Software, Services
By Organization Size: Small And Medium Enterprises, Large enterprise
By Deployment Model: On-Premise, Cloud
By End User: BFSI, Retail, Critical Infrastructure, Transportation And Logistics, Hospitality And Entertainment, Defense And Security, Other End-users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Video Analytics Market.
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Video Analytics Market Key Players
Major competitors in the video analytics market include Allgovision Technologies Pvt. Ltd., Aventura Technologies Inc., Cisco Inc., Honeywell Inc., Intell Vision technologies Corp.
The Business Research Company's "Global Video Analytics Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Video Analytics Market Include:
1. Executive Summary
2. Video Analytics Market Characteristics
3. Video Analytics Market Trends And Strategies
4. Video Analytics Market - Macro Economic Scenario
5. Video Analytics Market Size And Growth
……
26. Africa Video Analytics Market
27. Video Analytics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Video Analytics Market
29. Video Analytics Market Future Outlook and Potential Analysis
30. Appendix
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