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Emerging Trends Influencing The Growth Of The Intelligent Video Analytics Systems Market: Intelligent Video Analytics Systems Market
Intelligent Video Analytics Systems Market
How Big Is the Intelligent Video Analytics Systems Market Size Expected to Be by 2034?
The market size for intelligent video analytics systems has witnessed a substantial expansion in the past few years. The market is predicted to surge from $4.07 billion in 2024 to $4.67 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 14.6%. The notable growth in the historical period can be ascribed to enhancements in data storage capabilities, amalgamation of edge computing, response to global health crises, and the augmentation of the smart home and IoT market.
The market for intelligent video analytics systems is anticipated to expand rapidly over the coming years. The market is projected to increase to $8.38 billion by 2029, enjoying a compound annual growth rate (CAGR) of 15.7%. The anticipated growth during the forecast period can be accredited to the escalating dangers and episodes, the rise in urbanization and smart city projects, the adoption of retail analytics, integration with IoT appliances, and the rising demand for business intelligence. Key future trends include human-centered analytics, transparent AI in video analytics, deep learning for intricate tasks, bespoke and modular solutions, and real-time anomaly detection.
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What Are the Emerging Segments Within the Intelligent Video Analytics Systems Market?
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 Long-Term Drivers Are Shaping Intelligent Video Analytics Systems Market Trends?
The anticipated rise in the need for surveillance and security solutions is likely to drive the expansion of the intelligent video analytics market in the future. Surveillance and security solutions encompass a variety of technological advances and methodologies aimed at observing and safeguarding individuals, properties, and information. Intelligent video analytics harness the power of sophisticated algorithms and artificial intelligence to glean significant knowledge from video data, thereby amplifying the overall efficiency of surveillance and security initiatives. A case in point being in June 2024, based on data provided by IT Governance USA Inc., an American firm offering IT governance, risk management, and compliance-related solutions, the known records of breaches each month increased from 2,306,294,320 in 2023 to a whopping 5,336,840,757 in 2024. Consequently, the surge in demand for surveillance and security solutions is triggering the expansion of the intelligent video analytics market.
Who Are the Top Competitors in Key Intelligent Video Analytics Systems Market Segments?
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
What Are the Major Trends Shaping the Intelligent Video Analytics Systems Market?
Leading businesses in the intelligent video analytics market are leveraging innovative technological solutions, such as artificial intelligence-based video analytics, to maintain their industry standing. Artificial intelligence-based video analytics applications are software tools that employ advanced machine learning and deep learning algorithms to evaluate video data and extract valuable insights and conclusions. For example, Dallmeier Electronic GmbH & Co. KG, a German company that specializes in creating and producing video security technology solutions, launched Sedor AI in September 2022. This AI-based video analytics tool, designed for maritime applications, boasts the ability to identify vessels on unimpeded water surfaces in both typical and challenging environmental conditions, such as waves and water reflections. The software is designed to comply with legal standards such as the ISPS (International Ship and Port Facility Security) Code, and it assists port operators and refineries in mitigating the risk of unauthorized waterside entries and subsequent threats such as piracy and terrorist attacks.
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Which Regions Are Becoming Hubs for Intelligent Video Analytics Systems Market Innovation?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Intelligent Video Analytics Systems Market?
2. What is the CAGR expected in the Intelligent Video Analytics Systems Market?
3. What Are the Key Innovations Transforming the Intelligent Video Analytics Systems Industry?
4. Which Region Is Leading the Intelligent Video Analytics Systems Market?
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