Video Analytics Market Trends That Will Shape the Next Decade: Insights from Dahlmeier's Breakthrough In Maritime Video Analytics

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Video Analytics Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been a swift expansion in the size of the video analytics market. The market value is predicted to rise from $8.08 billion in 2024 to $9.61 billion in 2025, following a compound annual growth rate (CAGR) of 18.8%. This significant increase during the historic period is due to the rising security worries, the need for retail optimization, traffic management solutions, public security and emergency response, and operational efficiency in various industries.

How Will the Video Analytics Market Size Evolve and Grow by 2029?
The market size of video analytics is predicted to undergo substantial expansion in the coming years, reaching a value of $20.95 billion in 2029 with a compound annual growth rate (CAGR) of 21.5%. This forecast period growth primarily stems from its increasing application across smart cities, retail, enhancing customer experience, and ensuring health and safety compliance. The forecast period introduces key trends such as emotion and sentiment assessment, incorporation with IoT sensors, automatic license plate recognition (ALPR), monitoring of crowds in real-time, and customizable solutions with an open architecture.

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What Drivers Are Propelling the Growth of Video Analytics Market Forward?
The decline in criminal activity, attributed to surveillance cameras, is projected to stimulate the expansion of the video analytics market. These cameras, which generate massive amounts of video footage, are fundamental elements of security infrastructure. By automatically analyzing and deriving critical insights from video content, video analytics significantly lower crime rates by minimizing the possibility of oversight or human mistakes. For example, a study released in March 2022, based on CCTV and crime prevention statistics in the UK, established that crime rates fell by 13% in areas equipped with CCTV compared to those without. The study also pointed out that the presence of CCTV noticeably influenced certain types of crime: drug-related offenses dropped by 20%, and vehicle and property crimes by 14%. Consequently, the reduction in crime rate owing to surveillance cameras is likely to stimulate the growth of the video analytics market.

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Which Emerging Trends Are Transforming the Video Analytics Market in 2025?
The surge in technological innovations is a prevalent trend in the video analytics market, which major market contenders are capitalizing upon to stay ahead. For instance, Dallmeier Electronic GmbH & Co. KG, a German firm that specializes in video security technology, launched an AI-based video analytics software, Sedor AI, for maritime applications in September 2022. Sedor AI is engineered to identify vessels on vast water surfaces under regular and challenging conditions, such as waves and water reflections. The software tool aids port operators and refineries in securing their premises against unauthorized waterborne entries and associated threats like terrorist assaults and piracy. It also adheres to legal norms such as the ISPS (International Ship and Port Facility Security Code).

What Are the Key Segments in the Video Analytics Market?
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

Subsegments:
1) By Software: On-Premises Software, Cloud-Based Software
2) By Services: Consulting Services, Integration Services, Support And Maintenance Services

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Who Are the Key Players Shaping the Video Analytics Market's Competitive Landscape?
Major companies operating in the video analytics market include 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, Synectics plc, Qognify Inc., BriefCam Ltd., Gorilla Technology Group Inc., PureTech Systems Inc., Aventura Technologies Inc., Camio Inc., KiwiSecurity Services Ltd., Sighthound Inc., Citilog Inc., Agent Video Intelligence Inc., Solink Corporation, AllGoVision Technologies Pvt Ltd., Viseum Limited

What Geographic Markets Are Powering Growth in the Video Analytics Market?
North America was the largest region in the video analytics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the video analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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