Video Analytics Market worth $33.56 billion by 2030, growing at a CAGR of 22.97% - Exclusive Report by 360iResearch

The "Video Analytics Market by Component (Services, Software), Deployment Model (Cloud, On-Premises), Application, Vertical - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Video Analytics Market to grow from USD 7.89 billion in 2023 to USD 33.56 billion by 2030, at a CAGR of 22.97%.

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Video analytics, also called video content analysis or intelligent video analytics, is extracting relevant information, patterns, and insights from video footage. This technology employs advanced algorithms, artificial intelligence, and machine learning techniques to examine video feeds in real-time or from recordings to recognize behaviors, events, and objects without human intervention. It is extensively used for security and surveillance, where it aids in the detection of unauthorized activities, tracking movements, and identifying potential threats. Additionally, video analytics is utilized across various industries, including retail, transportation, and healthcare, for customer behavior analysis, traffic management, and patient monitoring. The primary advantage of video analytics is its ability to efficiently process and evaluate vast amounts of video data, which would be impractical and time-consuming for humans to analyze manually. By automating the analysis process, video analytics enhances operational efficiency, improves decision-making, and provides actionable insights that are leveraged for strategic planning and resource optimization. Influential growth factors for the video analytics market include the rise in the amount of video data being generated, the demand for enhanced security and surveillance systems, and the need to derive actionable insights from video content. Despite promising growth prospects, the market faces limitations such as privacy and data protection concerns, high infrastructure costs for sophisticated video analytics systems, and the need for specialized skills to manage and interpret complex data. On the other hand, ongoing advancements in video analytics coupled with integration with IoT and big data analytics and expanding the application of video analytics for personalized marketing strategies present potential opportunities for the video analytics market to grow in the coming years.

The Americas, particularly the United States and Canada, consistently demonstrate strong growth in the video analytics market with a surge in demand for enhanced public safety and security systems combined with rising investments in smart city projects driving the North American market. Recent patents in the region indicate a focus on intelligent video surveillance with automated detection capabilities. Investment in AI and machine learning continues to fuel the innovative landscape, with major tech companies and startups exploring new video analytics applications. South America's video analytics market is growing steadily, facilitated by the increasing need for enhanced security and surveillance systems in countries such as Brazil and Argentina. Additionally, EU countries are increasingly reflective of a market that prioritizes data protection and privacy in their analytics solutions. The customer needs in this region revolve around secure, transparent systems that provide actionable insights while respecting privacy regulations. Investment in the region is characterized by funding for innovation hubs and research projects that aim to enhance AI-driven video analytics while aligning with EU standards. In the Middle East, the video analytics market exhibits robust growth with significant investments in smart city projects, which include state-of-the-art surveillance systems. In Africa, though the market is at a nascent stage, there's an expected increase in uptake owing to the rising demand for intelligent surveillance for urban planning and crime prevention. The MEA region, however, faces challenges such as the requirement for high initial investment and a scarcity of expertise in video analytics. The Asia Pacific (APAC) region, featuring China, Japan, and India, is a rapidly expanding market for video analytics due to rising urbanization, increasing public surveillance, and considerable investment from both the public and private sectors. In China, the demand for video analytics is driven by government initiatives in public security and infrastructure development. Japan, known for its technological prowess, invests heavily in research and development, focusing on enhancing transportation and public safety systems. In India, there is a burgeoning demand for video surveillance systems, primarily for security reasons and traffic management.

Market Segmentation & Coverage:

This research report categorizes the Video Analytics Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Component, market is studied across Services and Software. The Software is projected to witness significant market share during forecast period.

Based on Deployment Model, market is studied across Cloud and On-Premises. The Cloud is projected to witness significant market share during forecast period.

Based on Application, market is studied across Incident Detection, Intrusion Management, People/Crowd Counting, and Traffic Monitoring. The Intrusion Management is projected to witness significant market share during forecast period.

Based on Vertical, market is studied across Banking, financial services, and insurance (BFSI), Education, Government & Defense, Hospitality & Entertainment, Manufacturing, and Transportation & Logistics. The Transportation & Logistics is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 37.62% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Video Analytics Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Video Analytics Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Video Analytics Market, highlighting leading vendors and their innovative profiles. These include ADT Inc., AllGoVision Technologies Pvt. Ltd., Bosch Sicherheitssysteme GmbH, Canon Inc., Claro Enterprise Solutions, LLC, Deep North, Inc., Eagle Eye Networks, Genetec Inc., Gorilla Technology Inc., Hangzhou Hikvision Digital Technology Co., Ltd., Honeywell International Inc., Huawei Technology Co., Ltd., i2V Systems Pvt. Ltd., Identiv, Inc., Intel Corporation, Intelligent Security Systems, International Business Machines Corporation, intuVision, Inc., iOmniscient, Ipsotek Ltd. by Atos SE, Miovision Technologies Incorporated, MOBOTIX AG, Motorola Solutions, Inc. by Zebra Technologies Corporation, NEC Corporation, Nice North America LLC, PureTech Systems Inc., Qognify GmbH by Hexagon AB, Securitas Security Services (UK) Limited, Senstar Corporation, Tiger Surveillance Inc., VCA Technology Limited, Verint Systems, Inc., Viseum International Limited, and Zhejiang Dahua Technology Co., Ltd..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Video Analytics Market, by Component
7. Video Analytics Market, by Deployment Model
8. Video Analytics Market, by Application
9. Video Analytics Market, by Vertical
10. Americas Video Analytics Market
11. Asia-Pacific Video Analytics Market
12. Europe, Middle East & Africa Video Analytics Market
13. Competitive Landscape
14. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Video Analytics Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Video Analytics Market?
3. What is the competitive strategic window for opportunities in the Video Analytics Market?
4. What are the technology trends and regulatory frameworks in the Video Analytics Market?
5. What is the market share of the leading vendors in the Video Analytics Market?
6. What modes and strategic moves are considered suitable for entering the Video Analytics Market?

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