A collective analysis on ‘Video Analytics market’ by Market Study Report, LLC, offers an exhaustive study based on current trends influencing this vertical throughout assorted geographies. Key information regarding market size, market share, statistics, application, and revenue are compiled in the research to develop an ensemble prediction. In addition, this research offers a detailed competitive analysis focusing on business outlook emphasizing expansion strategies accepted by market majors.
The Video Analytics market is anticipated to reach over USD 25.4 billion by 2026 according to a new research. In 2017, the retail segment dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global market revenue in 2017.
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The leading companies profiled in the Video Analytics market report include International Business Machines Corporation, Cisco Systems Inc., Axis Communications, Genetec Inc., Agent Video Intelligence Ltd, Honeywell International Inc., Aventura Technologies Inc., Qognify, Avigilon Corporation, Puretech Systems Inc., Intuvision, Inc., Allgovision Technologies Pvt. Ltd. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
The growing need for offer public safety and increasing incidences of terrorism have boosted the adoption of video analytics solutions. Increasing government investments to improve public safety infrastructure boosts the adoption of video analytics. Additionally, the increasing demand of video analytics from industries such as transportation, and BFSI has supported market growth over the years.
Increasing investments by vendors in technological advancements coupled with growing demand for cloud-based video analytics solutions would accelerate the growth of the video analytics market. Growing demand from emerging economies is expected to provide numerous growth opportunities in the coming years.
The North America Video Analytics market generated the highest revenue in 2017 and is expected to lead the global market throughout the forecast period. The increase in number of terrorist attacks, and growing trend of IOT drive the Video Analytics market market growth in the region. The growing adoption of cloud-based video analytics, and technological advancements further support market growth in the region.
The increasing demand from BFSI and defense sectors in the region further promote market growth in the region. The Asia-Pacific Video Analytics market is expected to grow at the highest CAGR during the forecast period owing to growing demand from emerging countries such as China, Japan, and India.
The applications of video analytics include traffic monitoring, intrusion management, crowd monitoring, automatic number plate recognition, and others. In 2017, the crowd monitoring segment accounted for the highest market share owing to increasing need to manage large crowds in public places. Video analytics in crowd monitoring application is used for crowd size estimation, identification of dominant patterns, and determining suspicious activities.
The growing government spending to provide public safety and increasing demand, especially in developing countries, supports the market growth in this sector. The increasing adoption of cloud-based video analytics in this application is expected to support market growth in the coming years.
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Table of Contents
1. Overview and Scope
2. Executive Summary
3. Video Analytics Market Insights
4. Video Analytics Market Size and Forecast, 2017-2026 by Component
6. Video Analytics Market Size and Forecast, 2017-2026 by End-User
7. Video Analytics Market Size and Forecast, 2017-2026 by Application
8. Video Analytics Market Size and Forecast, 2017-2026 by Region
9. Company Profiles
9.1. International Business Machines Corporation
9.1.3. Product Benchmarking
9.1.4. Recent Developments
9.2. Cisco Systems Inc.
9.2.3. Product Benchmarking
9.2.4. Recent Developments
9.3. Axis Communications
9.3.3. Product Benchmarking
9.3.4. Recent Developments
9.4. Genetec Inc.
9.4.3. Product Benchmarking
9.4.4. Recent Developments
9.5. Agent Video Intelligence Ltd
9.5.3. Product Benchmarking
9.5.4. Recent Developments
9.6. Honeywell International Inc.
9.6.3. Product Benchmarking
9.6.4. Recent Developments
9.7. Aventura Technologies Inc.
9.7.3. Product Benchmarking
9.7.4. Recent Developments
9.8.3. Product Benchmarking
9.8.4. Recent Developments
9.9. Avigilon Corporation
9.9.3. Product Benchmarking
9.9.4. Recent Developments
9.10. Puretech Systems Inc.
9.10.3. Product Benchmarking
9.10.4. Recent Developments
9.11. Intuvision, Inc.
9.11.3. Product Benchmarking
9.11.4. Recent Developments
9.12. Allgovision Technologies Pvt. Ltd.
9.12.3. Product Benchmarking
9.12.4. Recent Developments
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