Press release
Video Analytics Market Size, Share Analysis, Trends, Growth And Forecast 2023-2032
Video Analytics Market Report
The Business Research Company's Video Analytics Global Market Report 2023 identifies the drop in crime rate due to surveillance cameras as the major driver for the video analytics market's growth in the forecast period. 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.
The global video analytics market size will grow 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 market size of the video analytics is expected to grow to $14.9 billion in 2027 at a CAGR of 20.1%.
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Major competitors in the video analytics market are Allgovision Technologies Pvt. Ltd., Aventura Technologies Inc., Cisco Inc., Honeywell Inc., Intell Vision technologies Corp.,
A key trend in the video analytics market includes technological advancements. Major players in the market are focusing on advanced technologies to lead the market. For instance, in September 2022, Dallmeier Electronic GmbH & Co. KG, a Germany-based manufacturer of video security technology, introduced Sedor AI, artificial intelligence-based video analytics for maritime applications. Sedor AI software is designed to detect watercraft on open water surfaces in normal conditions as well as difficult environmental conditions such as waves and water reflections. The software application helps port operators and refineries to protect against unauthorized access from the waterside and associated risks such as terrorist attacks and piracy and it also complies with legal regulations such as the ISPS (International Ship and Port Facility Security)Code.
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https://www.thebusinessresearchcompany.com/report/video-analytics-global-market-report
The video analytics market is segmented -
•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.
The Business Research Company's "Global Video Analytics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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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