Recent Developments in the Japan Video Analytics Market

Japan video analytics market is estimated to grow at a significant CAGR of 27.2% during the forecast period (2024-2031). The market growth is driven by the increasing demand for safety and security in Japan and the need for advanced fire and security solutions. The increasing incidence of terrorism overseas, greater international mobility due to globalization, and the rising numbers of inbound tourists to Japan are additionally contributing to the market growth during the forecast period. Furthermore, the development of novel technologies to prevent accidents, criminal acts, and other threats to people and infrastructure presents a significant opportunity for market growth in the region. Japan video analytics market is segmented by deployment type (cloud-based and on-premises) and by application (BFSI, healthcare, retail, government & defense, traffic management, and others).

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The major companies serving the Japan video analytics market include Bosch Security Systems, Inc., Canon Inc., IBM Corp., Cisco Systems, Inc., and Hitachi Vantara LLC., among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions contributing significantly to market growth.

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Recent Developments

· In December 2024, Fujitsu announced the development of a video analytics AI agent for frontline workplaces. The product uses spatial video and image data from workplace camera footage, and written information, to draft reports and make recommendations for workplace improvements. It is designed using the 'Fujitsu Kozuchi' technology. It is based on a multimodal Large Language Model (LLM). The company will commence in-house implementation of the product from January 2025.

· In October 2024, JFIT partnered with NPAW, to utilize NPAW's Video Analytics platform. The platform offers JFIT with advanced video Quality of Experience (QoE) performance monitoring capabilities, including anomaly detection, alerts, insights, video playback statistics, and content consumption trends.

· In April 2024, ClassNK granted its Innovation Endorsements for Products & Solutions to an internet payment facility- V.Pay. The products included V.Sight- an AI maritime camera surveillance solution, and V.Sion- a wearable AR smart-glass solution. The products are developed by iO3 Pte Ltd. V.Sight offers, maritime camera surveillance with AI video analytics, behavioral analysis, environmental monitoring and real-time alerts, cloud-based data storage, secure data transmission through a combination of encryption, authentication, and secure protocols.

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