Press release
Smart Cities Turn Smarter, Safer and Profitable with Intelligent Video Analytics
Overview of the global intelligent video analytics market
Technavio’s market study identifies the rising demand for improved security as one of the primary growth factors for the intelligent video analytics market. Governments and large enterprises adopt intelligent video analytics (IVA) to control anti-social activities as antisocial incidents such as robbery, theft, shoplifting, and terrorist attacks are increasing at an exponential rate across the globe. Stringent regulations have been laid down to ensure the installation of video surveillance cameras in public places to improve security and curb anti-social activities. This will in turn, drive the growth of this market. According to our industry research experts, this market will grow steadily at a CAGR of more than 30% by 2021.
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Internet protocol (IP) cameras have the combine features of analog cameras and personal computers (PCs) and work anywhere near a network. IP cameras have their own IP addresses and can be accessed through any IP network such as a WAN, LAN, Intranet, or the Internet. IP cameras do not need to be connected to a PC. They offer various features such as low cost, high resolution, remote accessibility, and secure access and encryption. This will increase the shift towards IP cameras which will be one of the key trends behind the growth of the intelligent video analytics market.
Competitive landscape and key vendors
The intelligent video analytics market is highly fragmented due to the presence of several international and regional vendors who compete based on the revenue generated, their geographical presence, product portfolio, financials, and R&D. The competition in the market is intense due to the presence of a large number of vendors. The level of competition will further intensfy due to the increase in number of products and services, technological innovations, and M&As. Vendors with strong financial and technical resources develop innovative products to attain competitive edge over their competitors.
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The leading vendors in the market are -
Agent Video Intelligence
Bosch Security Systems
Honeywell Security
IBM
IntelliVision
The other prominent vendors in the market are Aventura Technologies, Global Networks, i2v System, Keymaster Physical Security & Access Control, NICE Systems, ObjectVideo Labs, PRO-VIGIL, Securiton, VideoIQ, and Viseum International.
Segmentation by end user and analysis of the intelligent video analytics market
Government
Banking, financial services, and insurance (BFSI)
Commercial
Residential
The government sector primarily uses IVA for data collection and analysis that enhances the security of government agencies and military forces. Additionally, IVA is useful for perimeter protection that prevents losses in military installations and government sites by discretely identifying suspicious activities and also reduces the reaction time to alarming situations.
Geographical segmentation and analysis of the intelligent video analytics market
Americas
APAC
EMEA
The Americas is witnessing high adoption of IVA among the commercial, residential, utilities, and government sectors to protect the people and property. The governments of countries in this region have also increased the budget for the deployment of defense and security systems that enables the adoption of advanced technology.
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Key questions answered in the report include
What will the market size and the growth rate be in 2021?
What are the key factors driving the global intelligent video analytics market?
What are the key market trends impacting the growth of the global intelligent video analytics market?
What are the challenges to market growth?
Who are the key vendors in the global intelligent video analytics market?
What are the market opportunities and threats faced by the vendors in the global intelligent video analytics market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA.
What are the key outcomes of the five forces analysis of the global intelligent video analytics market?
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