Press release
Intelligent Video Analytics Systems Market Poised for 15.7% Growth, Set to Hit $17.38 Billion by 2029
Intelligent Video Analytics Systems Market
The intelligent video analytics market is set to expand, driven by the growing need for surveillance and security solutions. These encompass various strategies and technologies aimed at safeguarding property, information, and people. Intelligent video analytics leverages advanced AI and algorithms to derive crucial insights from video data, thereby enhancing the effectiveness of security and surveillance methods. For instance, IT Governance USA Inc., a renowned provider of compliance solutions, risk management, and IT governance, reported the number of known compromised records per month escalated from 2,306,294,320 in 2023 to 5,336,840,757 in 2024 in June. Hence, the heightened demand for security and surveillance solutions is fueling the intelligent video analytics market's progression.
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What growth opportunities are expected to drive the intelligent video analytics systems market's CAGR through 2034?
The market size of intelligent video analytics systems has been expanding swiftly in the past few years. The forecast suggests an increase from $4.07 billion in 2024 to $4.67 billion in 2025, indicating a compound annual growth rate (CAGR) of 14.6%. The surge in the historical phase can be credited to aspects such as enhanced data storage abilities, incorporation of edge computing, reactions to the worldwide health crisis, as well as the evolution of smart homes and the Internet of Things (IoT).
The market size of intelligent video analytics systems is anticipated to experience accelerated expansion in the forthcoming years, with projections suggesting it will reach $8.38 billion in 2029, boasting a compound annual growth rate (CAGR) of 15.7%. The predicted rise for this period can be ascribed to factors such as escalating threats and incidents, urbanization and initiatives geared towards smart cities, the integration with IoT devices, and the surge in demand for business intelligence. The forecast period will see major trends such as human-centric analytics, the application of explainable AI in video analytics, the use of deep learning for complex tasks, customizable and modular solutions, as well as real-time anomaly detection.
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What are the emerging trends shaping the future of the intelligent video analytics systems market?
Leading firms in the intelligent video analytics market are leveraging innovative technology, such as video analytics based on artificial intelligence, to maintain their market position. AI-based video analytics application is a software tool that employs machine learning and deep learning approaches to analyze video data and generate valuable insights and judgments. For example, Dallmeier Electronic GmbH & Co. KG, a global leader in video security technology formation based in Germany, launched Sedor AI, an AI-based video analytics tool, for maritime uses in September 2022. Custom-built to detect vessels on open waters under common conditions as well as challenging environments like waves and water glare, the Sedor AI software complies with legal norms like the ISPS (International Ship and Port Facility Security) Code. It assists port operators and refineries in preventing unauthorized access from the water side and related dangers such as piracy and terrorist activities.
Which growth-oriented segments of the intelligent video analytics systems market are leading the industry's development?
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
Subsegments:
1) By Camera-Based Systems: IP Camera-Based Analytics, Analog Camera-Based Analytics, Embedded Video Analytics, Smart Cameras With Integrated Analytics
2) By Server-Based Systems: Centralized Video Analytics Servers, Cloud-Based Video Analytics Solutions, Edge Computing Video Analytics, Hybrid Video Analytics Systems
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What regions are leading the charge in the intelligent video analytics systems market?
North America was the largest region in the intelligence video analytics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the intelligent video analytics systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the intelligent video analytics systems market?
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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What Is Covered In The Intelligent Video Analytics Systems Global Market Report?
•Market Size Forecast: Examine the intelligent video analytics systems market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the intelligent video analytics systems market for a structured understanding.
•Key Players Overview: Analyze major players in the intelligent video analytics systems market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the intelligent video analytics systems market.
•Segment Contributions: Evaluate how different segments drive overall growth in the intelligent video analytics systems market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the intelligent video analytics systems market.
•Industry Challenges: Identify potential risks and obstacles affecting the intelligent video analytics systems market.
•Competitive Landscape: Review strategic developments in the intelligent video analytics systems market, including expansions, agreements, and new product launches.
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