Intelligent Video Analytics Systems Market Outlook 2024: Exclusive Report By The Business Research Company | Robert Bosch GmbH, Motorola Solutions Inc., Teledyne FLIR LLC, Hexagon AB, Advantech Co. Ltd., Axis Communications AB, Verint Systems Inc., Ambare

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2135

The Business Research Company offers in-depth market insights through Intelligent Video Analytics Systems Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The intelligent video analytics market size has grown rapidly in recent years. It will grow from $3.54 billion in 2023 to $4.07 billion in 2024 at a compound annual growth rate (CAGR) of 15%. The growth in the historic period can be attributed to increased data storage capacities, edge computing integration, global health crisis response, smart home and IoT expansion.The intelligent video analytics market size is expected to see rapid growth in the next few years. It will grow to $7.17 billion in 2028 at a compound annual growth rate (CAGR) of 15.2%. The growth in the forecast period can be attributed to rising threats and incidents, urbanization and smart city initiatives, retail analytics adoption, integration with IoT devices, demand for business intelligence. Major trends in the forecast period include human-centric analytics, explainable AI in video analytics, deep learning for complex tasks, customization and modular solutions, real-time anomaly detection.

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Market Segmentation:
The intelligent video analytics systems market covered in this report is segmented -

1) By Type: Camera-based Systems, Server-based Systems
2) By Offering: Hardware, Software
3) By Application: Banking, Financial Services and Insurance (BFSI) Sector, Government, Industrial Sector, Retail Sector, Transportation, Other Application

Major Driver - Surveillance And Security Solutions Drive Surge In Intelligent Video Analytics Systems Market
Increased demand for surveillance and security solutions is expected to propel the growth of the intelligent video analytics market going forward. Surveillance and security solutions refer to a wide range of technologies and strategies designed to monitor and protect people, property, and information. Intelligent video analytics uses advanced algorithms and artificial intelligence to extract meaningful insights from video data, enhancing the overall effectiveness of surveillance and security measures. For instance, in August 2022, Buddi Limited, a UK-based technology company, signed a £6 million (approximately $7 million) contract with the UK government to use facial recognition smartwatches to monitor immigrants convicted of a criminal offense in the UK, which indicates a rise in the use of surveillance and security solutions through intelligent video analytics. Therefore, increased demand for surveillance and security solutions is driving the growth of the intelligent video analytics market.

Competitive Landscape:
Major companies operating in the intelligent video analytics systems market report are Robert Bosch GmbH, Motorola Solutions Inc., Teledyne FLIR LLC, Hexagon AB, Advantech Co. Ltd., Axis Communications AB, Verint Systems Inc., Ambarella Inc., Genetec Inc., Cybernet Systems Corporation, Panasonic Corporation, International Business Machines Corporation, Evolv Technologies Holdings Inc., Infinova, Honeywell International Inc., Toyon Research Corporation, Intelligent Security Systems Corporation, Vivotek Inc., NetraDyne, Gorilla Technology Inc., Aventura Technologies Inc., AllGoVision Technologies Pvt. Ltd., Spot AI Inc., Irisity AB, Clarifai Inc., PureTech Systems Inc., Uncanny Vision Solutions Private Limited, Agent Vi Ltd., Objectvideo Inc., Aralia Systems Ltd

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Top Trend - Intelligent Video Analytics Systems Market
Major companies operating in the intelligent video analytics market are innovating technology, such as artificial intelligence-based video analytics, to sustain their position in the market. An artificial intelligence-based video analytics application is a software tool that utilizes machine learning and deep learning algorithms to analyze video data and derive actionable insights and conclusions. For instance, in September 2022, Dallmeier Electronic GmbH & Co. KG, a Germany-based company specializing in the development and manufacturing of video security technology solutions, introduced Sedor AI, artificial intelligence-based video analytics for maritime applications. The Sedor AI software is engineered to identify vessels on unobstructed water surfaces under typical circumstances, as well as challenging environmental elements like waves and water reflections. The software program conforms with legal requirements like the ISPS (International Ship and Port Facility Security) Code and aids port operators and refineries in preventing illegal entry from the waterside and related hazards like piracy and terrorist attacks.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Intelligent Video Analytics Systems Market Characteristics
3. Intelligent Video Analytics Systems Market Trends And Strategies
4. Intelligent Video Analytics Systems Market - Macro Economic Scenario
5. Intelligent Video Analytics Systems Market Size And Growth
…..
27. Intelligent Video Analytics Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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