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Video Analytics Market Size, Regional Overview, Competitive Landscape, Business Growth, Share Analysis And Forecast To 2033
Video Analytics Market
As per the report, the video analytics market size has grown exponentially in recent years. It will grow from $6.88 billion in 2023 to $8.25 billion in 2024 at a compound annual growth rate (CAGR) of 20.0%. The video analytics market size is expected to see exponential growth in the next few years. It will grow to $17.14 billion in 2028 at a compound annual growth rate (CAGR) of 20.0%.
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The Role Of Video Analytics In Crime Reduction
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. For instance, in 2021, according to a systematic review of rigorous studies in the US and UK concerning the crime prevention impact of CCTV, stated that CCTV resulted in a reduction of crimes, especially theft and robberies, in focal areas, and it had been the most effective in public transport schemes (23% reduction) and car parks (more than a 50% decrease). Therefore, the drop in crime rate due to surveillance cameras will drive the video analytics market growth.
Dahlmeier's Breakthrough In Maritime Video Analytics
Technological advancements are a key trend gaining popularity in the video analytics market. 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 SecurityCode).
The video analytics market covered in this report is segmented -
1) By Component: Software, Services
2) By Organization Size: Small And Medium Enterprises, Large enterprise
3) By Deployment Model: On-Premise, Cloud
4) By End User: BFSI, Retail, Critical Infrastructure, Transportation And Logistics, Hospitality And Entertainment, Defense And Security, Other End-users
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Major companies operating in the video analytics market report are Huawei Technologies Co Ltd., Intell Vision Technologies Corp, IBM Corporation, Cisco Inc., Honeywell Inc., Hangzhou Hikvision Digital Technology Co Ltd., Motorola Solutions Inc., Dahua Technology Co Ltd., Axis Communications AB, Avigilon Corporation, Verint Systems Inc., Calipsa Ltd., Genetec Inc., Vivotek Inc., Bosch Security and Safety Systems I Global, Synectics plc, Qognify Inc., BriefCam Ltd., Gorilla Technology Group Inc., PureTech Systems Inc., Aventura Technologies Inc., Kairos Technologies Inc., Camio Inc., KiwiSecurity Services Ltd., Sighthound Inc., Citilog Inc., Agent Video Intelligence Inc., Solink Corporation, AllGoVision Technologies Pvt Ltd., Viseum Limited
Contents of the report:
1. Executive Summary
2. Video Analytics Market Report Structure
3. Video Analytics Market Trends And Strategies
4. Video Analytics Market - Macro Economic Scenario
5. Video Analytics Market Size And Growth
…..
27. Video Analytics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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