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Video Analytics Market by Component (Software and Services), Deployment (Cloud and On-Premises), Organization Size (Small & Medium Enterprises and Large Enterprises), and Application (Retail, Healthcare, BFSI, Transportation & Logistics, Government, Manufacturing, Mining, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

A03275
Pages: 280
Dec 2020 | 17957 Views
 
Author(s) : Vishwa Gaul
Tables: 147
Charts: 70
 

COVID-19

Pandemic disrupted the entire world and affected many industries.

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Video Analytics Market Statistics: 2027

The video analytics market size was valued at $4,102.1 million in 2019, and is projected to reach $24,341.5 million by 2027, growing at a CAGR of 25.1% from 2020 to 2027. Video analytics is a computerized processing and automatic analysis of the video content generated, collected, or monitored during video surveillance. A large volume of video data is produced through video surveillance in industries, city surveillance, and through social media and sites. It automates video surveillance process by delivering high-end benefits to the users with reduced cost and efficient service delivery.  

Post COVID-19 emergence, video analytics software segment led the global video analytics market owing to increasing demand for emerging use cases of video analytics such as mask detection, providing social distancing alerts, facial recognition, reducing crowd & hotspots, tracking patient inflow, efficient contact tracing and more, to combat the pandemic.

Rise in need for video surveillance drives the demand for video analytics across numerous industries such as government & public sector, BFSI, retail, airports, manufacturing, and others. Also, infeasibility of surveillance professionals to manually track & detect suspicious incidents from large number of video data produced, growth in concerns over safety & security, and need to obtain actionable insights from huge amount of video data generated from multiple video sources are the factors that fuel the video analytics market growth during the forecast period. 

Video-Analytics-Market-2020-2027

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COVID-19 impact

With disrupting effects of coronavirus in 2020 on various sectors companies, many video analytics vendors are adopting various business and marketing strategies, including innovating their product portfolio and trying to come up with more advanced & suitable solutions as per clients’ needs. For instance, in August 2020, AllGoVision launched AllSafe Video Analytics, aimed to enhance the safety of people at office buildings, public areas, industries, and all other public & private facilities amid the COVID-19 pandemic. Moreover, in July 2020, one of the leading players in video analytics market, Cisco Meraki announced the acquisition of Modcam to expand its capabilities in the video analytics field. Furthermore, partnerships among video analytics vendors will allow smaller companies in this market to protect themselves with advanced solutions that may otherwise be beyond their comprehension.

By component, the video analytics software segment dominated the overall market in 2019 and is expected to remain dominant during the forecast period. This is attributed to increase in use cases such as perimeter intrusion detection, motion detection, vehicle monitoring, face mask detection, people counting, auto track detection, and advanced motion detection. However, the services segment is expected to exhibit significant growth rate due to increase in adoption of digital technologies across various industries and need to provide enhanced services.

By deployment type, the cloud segment is expected to exhibit significant growth rate in the global video analytics market forecast period. The growth of this segment is mainly attributed to low investment, ease of use, and less maintenance cost.

The retail sector dominated the overall video analytics market share in 2019 and is expected to exhibit significant growth during the forecast period. The growth of this sector is mainly attributed to the increase in need to monitor consumer behavior, buying criteria, the pattern of product selection, and the time a consumer spends on particular sections in the retail industry. In addition, rise in requirement of solutions for customer engagement, queue management, loss prevention, and store optimization drives the need of video analytics in the retail industry. Post COVID-19 outbreak, occupancy management, face mask detection, and social distancing monitoring are some of the prevalent uses cases of video analytics solutions in the retail sector.

Video Analytics Market
By Component

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Software segment is projected as one of the most lucrative segments.

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The report focuses on the growth prospects, restraints, and trends of the video analytics market analysis. The study provides Porter’s five forces analysis to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the global market.

Segment review

The global video analytics market is segmented into component, deployment, organization size, application, and region. By component, the market is classified into software and services. By deployment, the market is categorized into on-premise and cloud. By organization size, the market is bifurcated into large enterprises and small & medium enterprises. By application, the market is divided into retail, healthcare, BFSI, transportation & logistics, government, manufacturing, mining, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Video Analytics Market
By Deployment

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Cloud deployment is expected to witness highest growth rate during forecast period.

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The global video analytics market is dominated by key players such as AllGoVision Technologies Pvt. Ltd, Aventura Technologies, Inc., Axis Communications AB, Cisco Systems, Inc., Honeywell International, Inc., IBM Corporation, Intellivision, PureTech Systems, Inc., Verint Systems, Inc., and Quognify.

Top impacting factors

The top impacting factors for global video analytics market include increase in demand for IP-based security cameras, growth in concern over public safety and security, and increase in volume of unstructured video data. In addition, use of advanced technologies such as AI & machine learning with video analytics, need of edge-based analytics to recognize and profile applications, and growth in requirement of business intelligence and insights are expected to fuel the market growth during the forecast period.

Video Analytics Market
By Organization Size

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Large enterprises segment is projected as one of the most lucrative segments.

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Increase in demand for IP-based security cameras

In the recent years, video management system is experiencing an augmented trend of IP-based surveillance systems, high-resolution IP cameras, and network video recorder (NVR). Increase in IP infrastructure, rise in tele density, and the demand for remote access drive the growth of IP-based security. Thus, market vendors are expanding their product portfolios offering integrated video analytics features with IP-based security cameras. For instance, in October 2019, Bosch launched “IP 3000i Cameras” with built-in essential video analytics solution. The benefits of IP-based security cameras along with video analytics include remote accessibility, smart data capture, detecting blocked emergency exits or queue notifications, intrusion detection, crowd management, and facial recognition. Nowadays, the retail industry has implemented IP-based security cameras to capture behavior analytics with demographics. Thus, increase in deployment of IP-based security cameras across various business sectors propel the demand for video analytics solutions. 

Increase in volume of unstructured video data

Extensive amount of unstructured video data is generated through various sources including various surveillance cameras. For instance, video surveillance cameras generate approximately more than 850 petabytes of video data per day. It is not feasible for surveillance professionals to track, supervise and analyze the high volume of such captured video footage manually. Further, digitalization and increase in internet penetration also helps in generating huge amount of data. Several industries such as retail, BFSI, energy & utilities, and healthcare and small and medium enterprises (SMEs), and residential buildings have either installed or are planning to use cameras for security reasons. The implementation of video analytics has helped enterprises to track and monitor large chunks of video data including web videos, commercial video programs, and first-person social networking videos. This in turn drives the growth of the global video analytics market.

Video Analytics Market
By Application

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Retail industry accounted for the highest share in 2019.

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Use of advanced technologies such as artificial intelligence and machine learning with video analytics

Market vendors are continuously trying to enhance their product offerings to get a competitive edge and cater to the changes in requirement of end users. Thus, they are utilizing advanced technologies such as artificial intelligence, deep learning, and machine learning integrated with the video analytics software. 

Video analytics market players are introducing advanced artificial intelligence-based video analytics solutions to provide autonomous way to monitor and enhance analysis of video content in real time. For instance, in August 2019, Sprint launched “Curiosity Smart Video Analytics” together with the technologies from Hitachi Vantara and Ericsson. Furthermore, such use of these advanced technologies in video analytics can offer a dramatic increase in accuracy along with a significant reduction in false alarms, which has been a vulnerable point of video analytics applications in surveillance. Machine learning can further help in accurate classification of images and different types of objects. Thus, all these factors collectively contribute toward the growth of the market. 

Video Analytics Market
By Region

2027
North America 
Europe
Asia-pacific
Lamea

Asia-Pacific would exhibit the highest CAGR of 28.2% during 2020-2027.

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Key Benefits For Stakeholders

  • This study presents the analytical depiction of the global video analytics market trends and future estimations to determine the imminent investment pockets.
  • A detailed analysis of the video analytics market size and segments measures the potential of the market. These segments outline the favorable conditions for the market.
  • The report presents information related to key drivers, restraints, and opportunities.
  • The current market is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the video analytics industry.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the video analytics industry.

Key Market Segments

By Component Type

  • Software
  • Services

By Deployment Type

  • On-Premise
  • Cloud

By Organization Size

  • Small & Medium Enterprise
  • Large Enterprise

By Application

  • Retail
    • Queue Management
    • Staff Management
    • Store and Inventory Management
    • Aisle management
    • Product Placement Analysis
    • Customer Shopping and Buying Behavior Analysis
    • Intrusion detection
    • Others
  • Healthcare
    • Patient Monitoring
    • Staff Management
    • Emergency procedure management
    • Remote Monitoring
    • Security and Safety Management
    • Facility management
    • Access Control Management
    • Others
  • BFSI
    • Customer Management
    • Security and Safety Management
    • Queue Monitoring
    • Customer Behavior Analysis
    • Staff Management
    • Sales and Marketing Management
    • Access Control Management
    • Intrusion detection
    • Others
  • Transportation & Logistics
    • Traffic management
    • Security and Safety Management
    • Time management
    • Driver and Passenger Behavior Analysis
    • Crowd management
    • Parking Management
    • Vehicle/Number Plate recognition
    • Object recognition and tracking
    • Intrusion detection
    • Speeding Detection
    • Others
  • Government
    • Intrusion Detection
    • People/Face detection/recognition and tracking
    • Security and Safety Management
    • Incident Detection
    • Resource Management
    • Crowd Management
    • Object recognition and tracking
    • Others
  • Manufacturing
    • Intrusion detection
    • Security and Safety Management
    • Site Management
    • Remote Monitoring
    • Access Control Management
    • Post-incident investigation
    • Streamlining Operations
    • Inbound/Outbound Management
    • Others
  • Mining
    • Perimeter Security
    • Remote monitoring
    • Access Control Management
    • Object recognition and tracking
    • Employee Safety Management
    • Process Control Monitoring
    • Others
  • Others

By Region

  • North America
    • U.S.
    • Canada
  • Europe 
    • UK
    • Germany 
    • France
    • Russia
    • Rest of Europe
  • Asia-Pacific 
    • China
    • India
    • Japan
  • Rest of Asia-Pacific
    • LAMEA
    • Latin America 
    • Middle East
    • Africa

Key Market Players Profiled In The Report

  • AllGoVision Technologies Pvt. Ltd.
  • Aventura Technologies, Inc.
  • Axis Communications AB
  • Cisco Systems, Inc.
  • Honeywell International, Inc.
  • IBM Corporation
  • Intellivision
  • PureTech Systems, Inc.
  • Verint Systems, Inc.
  • Quognify
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key market segments
1.3.Key benefits
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools & models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.CXO perspective

CHAPTER 3:MARKET LANDSCAPE

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top impacting factors
3.2.2.Top investment pockets

3.3.Porter's five forces analysis

3.3.1.Bargaining power of Suppliers
3.3.2.Threat of new entrants
3.3.3.Threat of substitutes
3.3.4.Competitive rivalry
3.3.5.Bargaining power among buyers

3.4.Top player positioning
3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Increase in demand for IP-based security cameras
3.5.1.2.Growth in concern over public safety and security
3.5.1.3.Rise in volume of unstructured video data
3.5.1.4.Rise in government surveillance activities creating a strong foundation for market growth

3.5.2.Restraints

3.5.2.1.High initial investment cost on systems and infrastructures
3.5.2.2.Increase in number of false alarm alerts

3.5.3.Opportunities

3.5.3.1.Use of advanced technologies such as AI, machine learning with video analytics
3.5.3.2.Need of edge-based analytics to recognize and profile applications
3.5.3.3.Growth in requirement of business intelligence and insights

3.6.COVID-19 impact analysis

3.6.1.Impact on market size
3.6.2.Consumer trends, preferences, and budget impact
3.6.3.Regulatory framework
3.6.4.Economic impact
3.6.5.Key player strategies to tackle negative impact
3.6.6.Opportunity window

CHAPTER 4:VIDEO ANALYTICS MARKET, BY COMPONENT

4.1.Overview
4.2.Software

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market share analysis, by country

4.3.Service

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market share analysis, by country
4.3.4.Professional service

4.3.4.1.Market size and forecast

4.3.5.Managed service

4.3.5.1.Market size and forecast

CHAPTER 5:VIDEO ANALYTICS MARKET, BY DEPLOYMENT

5.1.Overview
5.2.On-premise

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market share analysis, by country

5.3.Cloud

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market share analysis, by country

CHAPTER 6:VIDEO ANALYTICS MARKET, BY ORGANIZATION SIZE

6.1.Overview
6.2.Large enterprise

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market share analysis, by country

6.3.Small & medium enterprises

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market share analysis, by country

CHAPTER 7:VIDEO ANALYTICS MARKET, BY APPLICATION

7.1.Overview
7.2.Retail

7.2.1.Key market trends, key growth factors, and opportunities
7.2.2.Market size and forecast, by region
7.2.3.Market size and forecast, by application
7.2.3.1.Market size and forecast, by application
7.2.4.Market share analysis, by country

7.3.Healthcare

7.3.1.Key market trends, key growth factors, and opportunities
7.3.2.Market size and forecast, by region
7.3.3.Market size and forecast, by application
7.3.3.1.Market size and forecast, by application
7.3.4.Market share analysis, by country

7.4.BFSI

7.4.1.Key market trends, key growth factors, and opportunities
7.4.2.Market size and forecast, by region
7.4.3.Market size and forecast, by application
7.4.3.1.Market size and forecast, by application
7.4.4.Market share analysis, by country

7.5.Transportation & logistics

7.5.1.Key market trends, key growth factors, and opportunities
7.5.2.Market size and forecast, by region
7.5.3.Market size and forecast, by application
7.5.3.1.Market size and forecast, by application
7.5.4.Market share analysis, by country

7.6.Government

7.6.1.Key market trends, key growth factors, and opportunities
7.6.2.Market size and forecast, by region
7.6.3.Market size and forecast, by application
7.6.3.1.Market size and forecast, by application
7.6.4.Market share analysis, by country

7.7.Manufacturing

7.7.1.Key market trends, key growth factors, and opportunities
7.7.2.Market size and forecast, by region
7.7.3.Market size and forecast, by application
7.7.3.1.Market size and forecast, by application
7.7.4.Market share analysis, by country

7.8.Mining

7.8.1.Key market trends, key growth factors, and opportunities
7.8.2.Market size and forecast, by region
7.8.3.Market size and forecast, by application
7.8.3.1.Market size and forecast, by application
7.8.4.Market share analysis, by country

7.9.Others

7.9.1.Key market trends, key growth factors, and opportunities
7.9.2.Market size and forecast, by region
7.9.3.Market share analysis, by country

CHAPTER 8:VIDEO ANALYTICS MARKET, BY REGION

8.1.Overview
8.2.North America

8.2.1.Key market trends and opportunities
8.2.2.Market size and forecast, by component
8.2.3.Market size and forecast, by deployment
8.2.4.Market size and forecast, by organization type
8.2.5.Market size and forecast, by application
8.2.6.Market size and forecast, by country
8.2.7.U.S. video analytics market

8.2.7.1.Market size and forecast, by component
8.2.7.2.Market size and forecast, by deployment type
8.2.7.3.Market size and forecast, by organization size
8.2.7.4.Market size and forecast, by application

8.2.8.Canada video analytics market

8.2.8.1.Market size and forecast, by component
8.2.8.2.Market size and forecast, by deployment type
8.2.8.3.Market size and forecast, by organization type
8.2.8.4.Market size and forecast, by application

8.3.Europe

8.3.1.Key market trends and opportunities
8.3.2.Market size and forecast, by component
8.3.3.Market size and forecast, by deployment
8.3.4.Market size and forecast, by organization size
8.3.5.Market size and forecast, by application
8.3.6.Market size and forecast, by country
8.3.7.UK video analytics market

8.3.7.1.Market size and forecast, by component
8.3.7.2.Market size and forecast, by deployment type
8.3.7.3.Market size and forecast, by organization size
8.3.7.4.Market size and forecast, by application

8.3.8.Germany video analytics market

8.3.8.1.Market size and forecast, by component
8.3.8.2.Market size and forecast, by deployment type
8.3.8.3.Market size and forecast, by organization size
8.3.8.4.Market size and forecast, by application

8.3.9.France video analytics market

8.3.9.1.Market size and forecast, by component
8.3.9.2.Market size and forecast, by deployment type
8.3.9.3.Market size and forecast, by organization size
8.3.9.4.Market size and forecast, by application

8.3.10.Russia video analytics market

8.3.10.1.Market size and forecast, by component
8.3.10.2.Market size and forecast, by deployment type
8.3.10.3.Market size and forecast, by organization size
8.3.10.4.Market size and forecast, by application

8.3.11.Rest of Europe video analytics market

8.3.11.1.Market size and forecast, by component
8.3.11.2.Market size and forecast, by deployment type
8.3.11.3.Market size and forecast, by organization size
8.3.11.4.Market size and forecast, by application

8.4.Asia-Pacific

8.4.1.Key market trends and opportunities
8.4.2.Market size and forecast, by component
8.4.3.Market size and forecast, by deployment
8.4.4.Market size and forecast, by organization size
8.4.5.Market size and forecast, by application
8.4.6.Market size and forecast, by country
8.4.7.China video analytics market

8.4.7.1.Market size and forecast, by component
8.4.7.2.Market size and forecast, by deployment type
8.4.7.3.Market size and forecast, by organization size
8.4.7.4.Market size and forecast, by application

8.4.8.India video analytics market

8.4.8.1.Market size and forecast, by component
8.4.8.2.Market size and forecast, by deployment type
8.4.8.3.Market size and forecast, by organization size
8.4.8.4.Market size and forecast, by application

8.4.9.Japan video analytics market

8.4.9.1.Market size and forecast, by component
8.4.9.2.Market size and forecast, by deployment type
8.4.9.3.Market size and forecast, by organization size
8.4.9.4.Market size and forecast, by application

8.4.10.Rest of Asia-pacific video analytics market

8.4.10.1.Market size and forecast, by component
8.4.10.2.Market size and forecast, by deployment type
8.4.10.3.Market size and forecast, by organization size
8.4.10.4.Market size and forecast, by application

8.5.LAMEA

8.5.1.Key market trends and opportunities
8.5.2.Market size and forecast, by component
8.5.3.Market size and forecast, by deployment type
8.5.4.Market size and forecast, by organization size
8.5.5.Market size and forecast, by application
8.5.6.Market size and forecast, by country
8.5.7.Latin America video analytics market

8.5.7.1.Market size and forecast, by component
8.5.7.2.Market size and forecast, by deployment type
8.5.7.3.Market size and forecast, by organization size
8.5.7.4.Market size and forecast, by application

8.5.8.Middle east video analytics market

8.5.8.1.Market size and forecast, by component
8.5.8.2.Market size and forecast, by deployment type
8.5.8.3.Market size and forecast, by organization size
8.5.8.4.Market size and forecast, by application

8.5.9.Africa video analytics market

8.5.9.1.Market size and forecast, by component
8.5.9.2.Market size and forecast, by deployment type
8.5.9.3.Market size and forecast, by organization size
8.5.9.4.Market size and forecast, by application

CHAPTER 9:COMPETITIVE LANDSCAPE

9.1.Competitive dashboard
9.2.Product heatmap
9.3.Case studies

9.3.1.Case study 01
9.3.2.Case study 02

9.4.Top winning strategies
9.5.Key developments

9.5.1.Partnership
9.5.2.Acquisition
9.5.3.Product development
9.5.4.Business expansion
9.5.5.Agreement

CHAPTER 10:COMPANY PROFILE

10.1.ALLGOVISION TECHNOLOGIES PVT. LTD.

10.1.1.Company overview
10.1.2.Key executive
10.1.3.Company snapshot
10.1.4.Product portfolio
10.1.5.Key strategic moves and developments

10.2.AVENTURA TECHNOLOGIES, INC.

10.2.1.Company overview
10.2.2.Company snapshot
10.2.3.Operating business segments
10.2.4.Product portfolio

10.3.AXIS COMMUNICATIONS AB

10.3.1.Company overview
10.3.2.Key executive
10.3.3.Company snapshot
10.3.4.Operating business segments
10.3.5.Product portfolio
10.3.6.R&D expenditure
10.3.7.Business performance
10.3.8.Key strategic moves and developments

10.4.CISCO SYSTEMS, INC.

10.4.1.Company overview
10.4.2.Key executive
10.4.3.Company snapshot
10.4.4.Operating business segments
10.4.5.Product portfolio
10.4.6.R&D expenditure
10.4.7.Business performance
10.4.8.Key strategic moves and developments

10.5.HONEYWELL INTERNATIONAL INC.

10.5.1.Company overview
10.5.2.Key executive
10.5.3.Company snapshot
10.5.4.Operating business segments
10.5.5.Product portfolio
10.5.6.R&D expenditure
10.5.7.Business performance
10.5.8.Key strategic moves and developments

10.6.INTELLIVISION TECHNOLOGIES CORP.

10.6.1.Company overview
10.6.2.Key executive.
10.6.3.Company snapshot
10.6.4.Product portfolio
10.6.5.Key strategic moves and developments

10.7.INTERNATIONAL BUSINESS MACHINES CORPORATION

10.7.1.Company overview
10.7.2.Key executive
10.7.3.Company snapshot
10.7.4.Operating business segments
10.7.5.Product portfolio
10.7.6.R&D expenditure
10.7.7.Business performance
10.7.8.Key strategic moves and developments

10.8.PURETECH SYSTEMS INC.

10.8.1.Company overview
10.8.2.Key executive
10.8.3.Company snapshot
10.8.4.Product portfolio
10.8.5.Key strategic moves and developments

10.9.QOGNIFY

10.9.1.Company overview
10.9.2.Key executive
10.9.3.Company snapshot
10.9.4.Product portfolio
10.9.5.Key strategic moves and developments

10.10.VERINT SYSTEMS INC.

10.10.1.Company overview
10.10.2.Key executive
10.10.3.Company snapshot
10.10.4.Operating business segments
10.10.5.Product portfolio
10.10.6.R&D expenditure
10.10.7.Business performance
10.10.8.Key strategic moves and developments

LIST OF TABLES

TABLE 01.GLOBAL VIDEO ANALYTICS MARKET, BY COMPONENT, 2019–2027($MILLION)
TABLE 02.VIDEO ANALYTICS SOFTWARE MARKET, BY REGION, 2019-2027 ($MILLION)
TABLE 03.VIDEO ANALYTICS SERVICES MARKET, BY REGION, 2019-2027 ($MILLION)
TABLE 04.VIDEO ANALYTICS PROFESSIONAL SERVICES MARKET REVENUE, 2019–2027($MILLION)
TABLE 05.VIDEO ANALYTICS MANAGED SERVICES MARKET REVENUE, 2019–2027($MILLION)
TABLE 06.GLOBAL VIDEO ANALYTICS MARKET, BY DEPLOYMENT, 2019-2027 ($MILLION)
TABLE 07.ON-PREMISE VIDEO ANALYTICS MARKET, BY REGION, 2019-2027 ($MILLION)
TABLE 08.CLOUD-BASED VIDEO ANALYTICS MARKET, BY REGION, 2019-2027 ($MILLION)
TABLE 09.GLOBAL VIDEO ANALYTICS MARKET, BY ORGANIZATION SIZE, 2019-2027 ($MILLION)
TABLE 10.VIDEO ANALYTICS MARKET FOR LARGE ENTERPRISE, BY REGION, 2019-2027 ($MILLION)
TABLE 11.VIDEO ANALYTICS MARKET FOR SMALL & MEDIUM ENTERPRISE, BY REGION, 2019-2027 ($MILLION)
TABLE 12.VIDEO ANALYTICS MARKET REVENUE, BY APPLICATION, 2019–2027($MILLION)
TABLE 13.VIDEO ANALYTICS MARKET FOR RETAIL, BY REGION, 2019-2027 ($MILLION)
TABLE 14.VIDEO ANALYTICS MARKET REVENUE, BY RETAIL APPLICATION, 2019–2027($MILLION)
TABLE 15.VIDEO ANALYTICS MARKET FOR HEALTHCARE, BY REGION, 2019-2027 ($MILLION)
TABLE 16.VIDEO ANALYTICS MARKET REVENUE, BY HEALTHCARE APPLICATION, 2019–2027($MILLION)
TABLE 17.VIDEO ANALYTICS MARKET FOR BFSI, BY REGION, 2019-2027 ($MILLION)
TABLE 18.VIDEO ANALYTICS MARKET REVENUE, BY BFSI APPLICATION, 2019–2027($MILLION)
TABLE 19.VIDEO ANALYTICS MARKET FOR TRANSPORTATION & LOGISTICS, BY REGION, 2019-2027 ($MILLION)
TABLE 20.VIDEO ANALYTICS MARKET REVENUE, BY TRANSPORTATION & LOGISTICS APPLICATION, 2019–2027 ($MILLION)
TABLE 21.VIDEO ANALYTICS MARKET FOR GOVERNMENT, BY REGION, 2019-2027 ($MILLION)
TABLE 22.VIDEO ANALYTICS MARKET REVENUE, BY GOVERNMENT APPLICATION, 2019–2027($MILLION)
TABLE 23.VIDEO ANALYTICS MARKET FOR MANUFACTURING, BY REGION, 2019-2027 ($MILLION)
TABLE 24.VIDEO ANALYTICS MARKET REVENUE, BY MANUFACTURING APPLICATION, 2019–2027($MILLION)
TABLE 25.VIDEO ANALYTICS MARKET FOR MINING, BY REGION, 2019-2027 ($MILLION)
TABLE 26.VIDEO ANALYTICS MARKET REVENUE, BY MINING APPLICATION, 2019–2027($MILLION)
TABLE 27.VIDEO ANALYTICS MARKET FOR OTHERS, BY REGION, 2019-2027 ($MILLION)
TABLE 28.VIDEO ANALYTICS MARKET, BY REGION, 2019-2027 ($MILLION)
TABLE 29.NORTH AMERICA VIDEO ANALYTICS MARKET, BY COMPONENT, 2019–2027($MILLION)
TABLE 30.NORTH AMERICA VIDEO ANALYTICS MARKET, BY DEPLOYMENT, 2019–2027($MILLION)
TABLE 31.NORTH AMERICA VIDEO ANALYTICS MARKET, BY ORGANIZATION TYPE, 2019–2027($MILLION)
TABLE 32.NORTH AMERICA VIDEO ANALYTICS MARKET, BY APPLICATION, 2019–2027($MILLION)
TABLE 33.NORTH AMERICA VIDEO ANALYTICS MARKET, BY COUNTRY, 2019–2027($MILLION)
TABLE 34.U.S. VIDEO ANALYTICS MARKET, BY COMPONENT, 2019–2027($MILLION)
TABLE 35.U.S. VIDEO ANALYTICS MARKET, BY DEPLOYMENT TYPE, 2019–2027($MILLION)
TABLE 36.U.S. VIDEO ANALYTICS MARKET, BY ORGANIZATION SIZE, 2019–2027($MILLION)
TABLE 37.U.S. VIDEO ANALYTICS MARKET, BY APPLICATION, 2019–2027($MILLION)
TABLE 38.CANADA VIDEO ANALYTICS MARKET, BY COMPONENT, 2019–2027($MILLION)
TABLE 39.CANADA VIDEO ANALYTICS MARKET, BY DEPLOYMENT TYPE, 2019–2027($MILLION)
TABLE 40.CANADA VIDEO ANALYTICS MARKET, BY ORGANIZATION TYPE, 2019–2027($MILLION)
TABLE 41.CANADA VIDEO ANALYTICS MARKET, BY APPLICATION, 2019–2027($MILLION)
TABLE 42.EUROPE VIDEO ANALYTICS MARKET, BY COMPONENT, 2019–2027($MILLION)
TABLE 43.EUROPE VIDEO ANALYTICS MARKET, BY DEPLOYMENT, 2019–2027($MILLION)
TABLE 44.EUROPE VIDEO ANALYTICS MARKET, BY ORGANIZATION SIZE, 2019–2027($MILLION)
TABLE 45.EUROPE VIDEO ANALYTICS MARKET, BY APPLICATION, 2019–2027($MILLION)
TABLE 46.EUROPE VIDEO ANALYTICS MARKET, BY COUNTRY, 2019–2027($MILLION)
TABLE 47.UK VIDEO ANALYTICS MARKET, BY COMPONENT, 2019–2027($MILLION)
TABLE 48.UK VIDEO ANALYTICS MARKET, BY DEPLOYMENT TYPE, 2019–2027($MILLION)
TABLE 49.UK VIDEO ANALYTICS MARKET, BY ORGANIZATION SIZE, 2019–2027($MILLION)
TABLE 50.UK VIDEO ANALYTICS MARKET, BY APPLICATION, 2019–2027($MILLION)
TABLE 51.GERMANY VIDEO ANALYTICS MARKET, BY COMPONENT, 2019–2027($MILLION)
TABLE 52.GERMANY VIDEO ANALYTICS MARKET, BY DEPLOYMENT TYPE, 2019–2027($MILLION)
TABLE 53.GERMANY VIDEO ANALYTICS MARKET, BY ORGANIZATION SIZE, 2019–2027($MILLION)
TABLE 54.GERMANY VIDEO ANALYTICS MARKET, BY APPLICATION, 2019–2027($MILLION)
TABLE 55.FRANCE VIDEO ANALYTICS MARKET, BY COMPONENT, 2019–2027($MILLION)
TABLE 56.FRANCE VIDEO ANALYTICS MARKET, BY DEPLOYMENT TYPE, 2019–2027($MILLION)
TABLE 57.FRANCE VIDEO ANALYTICS MARKET, BY ORGANIZATION SIZE, 2019–2027($MILLION)
TABLE 58.FRANCE VIDEO ANALYTICS MARKET, BY APPLICATION, 2019–2027($MILLION)
TABLE 59.RUSSIA VIDEO ANALYTICS MARKET, BY COMPONENT, 2019–2027($MILLION)
TABLE 60.RUSSIA VIDEO ANALYTICS MARKET, BY DEPLOYMENT TYPE, 2019–2027($MILLION)
TABLE 61.RUSSIA VIDEO ANALYTICS MARKET, BY ORGANIZATION SIZE, 2019–2027($MILLION)
TABLE 62.RUSSIA VIDEO ANALYTICS MARKET, BY APPLICATION, 2019–2027($MILLION)
TABLE 63.REST OF EUROPE VIDEO ANALYTICS MARKET, BY COMPONENT, 2019–2027($MILLION)
TABLE 64.REST OF EUROPE VIDEO ANALYTICS MARKET, BY DEPLOYMENT TYPE, 2019–2027($MILLION)
TABLE 65.REST OF EUROPE VIDEO ANALYTICS MARKET, BY ORGANIZATION SIZE, 2019–2027($MILLION)
TABLE 66.REST OF EUROPE VIDEO ANALYTICS MARKET, BY APPLICATION, 2019–2027($MILLION)
TABLE 67.ASIA-PACIFIC VIDEO ANALYTICS MARKET, BY COMPONENT, 2019–2027($MILLION)
TABLE 68.ASIA-PACIFIC VIDEO ANALYTICS MARKET, BY DEPLOYMENT, 2019–2027($MILLION)
TABLE 69.ASIA-PACIFIC VIDEO ANALYTICS MARKET, BY ORGANIZATION SIZE, 2019–2027($MILLION)
TABLE 70.ASIA-PACIFIC VIDEO ANALYTICS MARKET, BY APPLICATION, 2019–2027($MILLION)
TABLE 71.ASIA-PACIFIC VIDEO ANALYTICS MARKET, BY COUNTRY, 2019–2027($MILLION)
TABLE 72.CHINA VIDEO ANALYTICS MARKET, BY COMPONENT, 2019–2027($MILLION)
TABLE 73.CHINA VIDEO ANALYTICS MARKET, BY DEPLOYMENT TYPE, 2019–2027($MILLION)
TABLE 74.CHINA VIDEO ANALYTICS MARKET, BY ORGANIZATION SIZE, 2019–2027($MILLION)
TABLE 75.CHINA VIDEO ANALYTICS MARKET, BY APPLICATION, 2019–2027($MILLION)
TABLE 76.INDIA VIDEO ANALYTICS MARKET, BY COMPONENT, 2019–2027($MILLION)
TABLE 77.INDIA VIDEO ANALYTICS MARKET, BY DEPLOYMENT TYPE, 2019–2027($MILLION)
TABLE 78.INDIA VIDEO ANALYTICS MARKET, BY ORGANIZATION SIZE, 2019–2027($MILLION)
TABLE 79.INDIA VIDEO ANALYTICS MARKET, BY APPLICATION, 2019–2027($MILLION)
TABLE 80.JAPAN VIDEO ANALYTICS MARKET, BY COMPONENT, 2019–2027($MILLION)
TABLE 81.JAPAN VIDEO ANALYTICS MARKET, BY DEPLOYMENT TYPE, 2019–2027($MILLION)
TABLE 82.JAPAN VIDEO ANALYTICS MARKET, BY ORGANIZATION SIZE, 2019–2027($MILLION)
TABLE 83.JAPAN VIDEO ANALYTICS MARKET, BY APPLICATION, 2019–2027($MILLION)
TABLE 84.REST OF ASIA-PACIFIC VIDEO ANALYTICS MARKET, BY COMPONENT, 2019–2027($MILLION)
TABLE 85.REST OF ASIA-PACIFIC VIDEO ANALYTICS MARKET, BY DEPLOYMENT TYPE, 2019–2027($MILLION)
TABLE 86.REST OF ASIA-PACIFIC VIDEO ANALYTICS MARKET, BY ORGANIZATION SIZE, 2019–2027($MILLION)
TABLE 87.REST OF ASIA-PACIFIC VIDEO ANALYTICS MARKET, BY APPLICATION, 2019–2027($MILLION)
TABLE 88.LAMEA VIDEO ANALYTICS MARKET, BY COMPONENT, 2019–2027($MILLION)
TABLE 89.LAMEA VIDEO ANALYTICS MARKET, BY DEPLOYMENT TYPE, 2019–2027($MILLION)
TABLE 90.LAMEA VIDEO ANALYTICS MARKET, BY ORGANIZATION SIZE, 2019–2027($MILLION)
TABLE 91.LAMEA VIDEO ANALYTICS MARKET, BY APPLICATION, 2019–2027($MILLION)
TABLE 92.LAMEA VIDEO ANALYTICS MARKET, BY COUNTRY, 2019–2027($MILLION)
TABLE 93.LATIN AMERICA VIDEO ANALYTICS MARKET, BY COMPONENT, 2019–2027($MILLION)
TABLE 94.LATIN AMERICA VIDEO ANALYTICS MARKET, BY DEPLOYMENT TYPE, 2019–2027($MILLION)
TABLE 95.LATIN AMERICA VIDEO ANALYTICS MARKET, BY ORGANIZATION SIZE, 2019–2027($MILLION)
TABLE 96.LATIN AMERICA VIDEO ANALYTICS MARKET, BY APPLICATION, 2019–2027($MILLION)
TABLE 97.MIDDLE EAST VIDEO ANALYTICS MARKET, BY COMPONENT, 2019–2027($MILLION)
TABLE 98.MIDDLE EAST VIDEO ANALYTICS MARKET, BY DEPLOYMENT TYPE, 2019–2027($MILLION)
TABLE 99.MIDDLE EAST VIDEO ANALYTICS MARKET, BY ORGANIZATION SIZE, 2019–2027($MILLION)
TABLE 100.MIDDLE EAST VIDEO ANALYTICS MARKET, BY APPLICATION, 2019–2027($MILLION)
TABLE 101.AFRICA VIDEO ANALYTICS MARKET, BY COMPONENT, 2019–2027($MILLION)
TABLE 102.AFRICA VIDEO ANALYTICS MARKET, BY DEPLOYMENT TYPE, 2019–2027($MILLION)
TABLE 103.AFRICA VIDEO ANALYTICS MARKET, BY ORGANIZATION SIZE, 2019–2027($MILLION)
TABLE 104.AFRICA VIDEO ANALYTICS MARKET, BY APPLICATION, 2019–2027($MILLION)
TABLE 105.KEY NEW PRODUCT LAUNCHES (2017-2020)
TABLE 106.PARTNERSHIP (2017-2020)
TABLE 107.ACQUISITION (2017-2020)
TABLE 108.PRODUCT DEVELOPMENT (2017-2020)
TABLE 109.BUSINESS EXPANSION (2017-2020)
TABLE 110.AGREEMENT (2017-2020)
TABLE 111.ALLGOVISION TECHNOLOGIE PVT. LTD.: KEY EXECUTIVE
TABLE 112.ALLGOVISION TECHNOLOGIES PVT. LTD.: COMPANY SNAPSHOT
TABLE 113.ALLGOVISION TECHNOLOGIES PVT. LTD.: PRODUCT PORTFOLIO
TABLE 114.ALLGOVISION TECHNOLOGIES PVT. LTD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 115.AVENTURA TECHNOLOGIES, INC.: COMPANY SNAPSHOT
TABLE 116.AVENTURA TECHNOLOGIES, INC.: OPERATING SEGMENTS
TABLE 117.AVENTURA TECHNOLOGIES, INC.: PRODUCT PORTFOLIO
TABLE 118.AXIS COMMUNICATIONS AB: KEY EXECUTIVE
TABLE 119.AXIS COMMUNICATIONS AB.: COMPANY SNAPSHOT
TABLE 120.CANON INC.: OPERATING SEGMENTS
TABLE 121.AXIS COMMUNICATIONS AB: VIDEO ANALYTICS PRODUCT PORTFOLIO
TABLE 124.CISCO SYSTEMS, INC.: PRODUCT CATEGORIES
TABLE 126.CISCO SYSTEMS, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 127.HONEYWELL INTERNATIONAL INC.: KEY EXECUTIVE
TABLE 128.HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
TABLE 129.HONEYWELL INTERNATIONAL INC.: PRODUCT CATEGORIES
TABLE 130.HONEYWELL INTERNATIONAL INC.: VIDEO ANALYTICS PRODUCT PORTFOLIO
TABLE 131.INTELLIVISION TECHNOLOGIES CORP: KEY EXECUTIVE
TABLE 132.INTELLIVISION TECHNOLOGIES CORP: COMPANY SNAPSHOT
TABLE 133.INTELLIVISION TECHNOLOGIES CORP: PRODUCT PORTFOLIO
TABLE 134.INTERNATIONAL BUSINESS MACHINES CORPORATION: KEY EXECUTIVE
TABLE 135.INTERNATIONAL BUSINESS MACHINES CORPORATION: COMPANY SNAPSHOT
TABLE 136.INTERNATIONAL BUSINESS MACHINES CORPORATION: OPERATING SEGMENTS
TABLE 137.INTERNATIONAL BUSINESS MACHINES CORPORATION: VIDEO ANALYTICS PRODUCT PORTFOLIO
TABLE 138.PURETECH SYSTEMS INC.: KEY EXECUTIVE
TABLE 139.PURETECH SYSTEMS INC.: COMPANY SNAPSHOT
TABLE 140.PURETECH SYSTEMS INC.: VIDEO ANALYTICS PRODUCT PORTFOLIO
TABLE 141.QOGNIFY: KEY EXECUTIVE
TABLE 142.QOGNIFY: COMPANY SNAPSHOT
TABLE 143.QOGNIFY: VIDEO ANALYTICS PRODUCT PORTFOLIO
TABLE 144.VERINT SYSTEMS INC.: KEY EXECUTIVE
TABLE 145.VERINT SYSTEMS INC.: COMPANY SNAPSHOT
TABLE 146.VERINT SYSTEMS INC.: OPERATING SEGMENTS
TABLE 147.VERINT SYSTEMS INC.: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.GLOBAL VIDEO ANALYTICS MARKET SNAPSHOT, BY SEGMENTATION, 2020–2027
FIGURE 02.VIDEO ANALYTICS MARKET SNAPSHOT, BY REGION, 2020–2027
FIGURE 03.GLOBAL VIDEO ANALYTICS MARKET SEGMENTATION
FIGURE 04.TOP IMPACTING FACTORS: VIDEO ANALYTICS MARKET
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 07.LOW TO HIGH THREAT OF NEW ENTRANTS
FIGURE 08.MODERATE TO HIGH THREAT OF SUBSTITUTES
FIGURE 09.LOW TO HIGH COMPETITIVE RIVALRY
FIGURE 10.MODERATE TO HIGH BARGAINING POWER AMONG BUYERS
FIGURE 11.VIDEO ANALYTICS MARKET: KEY PLAYER POSITIONING
FIGURE 12.DRIVERS, RESTRAINTS, AND OPPORTUNITIES
FIGURE 13.VIDEO ANALYTICS MARKET REVENUE, BY COMPONENT, 2019–2027($MILLION)
FIGURE 14.VIDEO ANALYTICS SOFTWARE MARKET, BY COUNTRY, 2019 & 2027(%)
FIGURE 15.VIDEO ANALYTICS SERVICES MARKET, BY COUNTRY, 2019 & 2027(%)
FIGURE 16.VIDEO ANALYTICS MARKET, BY DEPLOYMENT, 2019-2027 ($MILLION)
FIGURE 17.ON-PREMISE VIDEO ANALYTICS MARKET, BY COUNTRY, 2019 & 2027(%)
FIGURE 18.CLOUD-BASED VIDEO ANALYTICS MARKET, BY COUNTRY, 2019 & 2027(%)
FIGURE 19.VIDEO ANALYTICS MARKET, BY ORGANIZATION SIZE, 2019-2027 ($MILLION)
FIGURE 20.VIDEO ANALYTICS MARKET FOR LARGE ENTERPRISE, BY COUNTRY, 2019 & 2027(%)
FIGURE 21.VIDEO ANALYTICS MARKET FOR SMALL & MEDIUM ENTERPRISE, BY COUNTRY, 2019 & 2027(%)
FIGURE 22.VIDEO ANALYTICS MARKET, BY APPLICATION, 2019–2027($MILLION)
FIGURE 23.VIDEO ANALYTICS MARKET FOR RETAIL, BY COUNTRY, 2019 & 2027(%)
FIGURE 24.VIDEO ANALYTICS MARKET FOR HEALTHCARE, BY COUNTRY, 2019 & 2027(%)
FIGURE 25.VIDEO ANALYTICS MARKET FOR BFSI, BY COUNTRY, 2019 & 2027(%)
FIGURE 26.VIDEO ANALYTICS MARKET FOR TRANSPORTATION & LOGISTICS, BY COUNTRY, 2019 & 2027(%)
FIGURE 27.VIDEO ANALYTICS MARKET FOR GOVERNMENT, BY COUNTRY, 2019 & 2027(%)
FIGURE 28.VIDEO ANALYTICS MARKET FOR MANUFACTURING, BY COUNTRY, 2019 & 2027(%)
FIGURE 29.VIDEO ANALYTICS MARKET FOR MINING, BY COUNTRY, 2019 & 2027(%)
FIGURE 30.VIDEO ANALYTICS MARKET FOR OTHERS, BY COUNTRY, 2019 & 2027(%)
FIGURE 31.U.S. VIDEO ANALYTICS MARKET, 2019–2027($MILLION)
FIGURE 32.CANADA VIDEO ANALYTICS MARKET, 2019–2027($MILLION)
FIGURE 33.UK VIDEO ANALYTICS MARKET, 2019–2027($MILLION)
FIGURE 34.GERMANY VIDEO ANALYTICS MARKET, 2019–2027($MILLION)
FIGURE 35.FRANCE VIDEO ANALYTICS MARKET, 2019–2027($MILLION)
FIGURE 36.RUSSIA VIDEO ANALYTICS MARKET, 2019–2027($MILLION)
FIGURE 37.REST OF EUROPE VIDEO ANALYTICS MARKET, 2019–2027($MILLION)
FIGURE 38.CHINA VIDEO ANALYTICS MARKET, 2019–2027($MILLION)
FIGURE 39.INDIA VIDEO ANALYTICS MARKET, 2019–2027($MILLION)
FIGURE 40.JAPAN VIDEO ANALYTICS MARKET, 2019–2027($MILLION)
FIGURE 41.REST OF ASIA-PACIFIC VIDEO ANALYTICS MARKET, 2019–2027($MILLION)
FIGURE 42.LATIN AMERICA VIDEO ANALYTICS MARKET, 2019–2027($MILLION)
FIGURE 43.MIDDLE EAST VIDEO ANALYTICS MARKET, 2019–2027($MILLION)
FIGURE 44.AFRICA VIDEO ANALYTICS MARKET, 2019–2027($MILLION)
FIGURE 45.COMPETITIVE DASHBOARD
FIGURE 46.COMPETITIVE DASHBOARD
FIGURE 47.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 48.TOP WINNING STRATEGIES, BY YEAR, 2017-2020
FIGURE 49.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017-2020
FIGURE 50.TOP WINNING STRATEGIES, BY COMPANY, 2017-2020
FIGURE 51.CANON INC.: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 52.CANON INC.: REVENUE, 2017–2019 ($BILLION)
FIGURE 53.CANON INC.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 54.CANON INC.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 59.R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 60.HONEYWELL INTERNATIONAL INC.: REVENUE, 2017–2019 ($MILLION)
FIGURE 61.HONEYWELL INTERNATIONAL INC.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 62.HONEYWELL INTERNATIONAL INC.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 63.R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 64.INTERNATIONAL BUSINESS MACHINES CORPORATION: REVENUE, 2017–2019 ($MILLION)
FIGURE 65.INTERNATIONAL BUSINESS MACHINES CORPORATION: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 66.INTERNATIONAL BUSINESS MACHINES CORPORATION: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 67.R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 68.VERINT SYSTEMS INC.: REVENUE, 2017–2019 ($MILLION)
FIGURE 69.VERINT SYSTEMS INC.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 70.VERINT SYSTEMS INC.: REVENUE SHARE BY REGION, 2019 (%)

 
 

Video analytics is a computerized processing and automatic analysis of the video content generated, collected, or monitored during video surveillance. A large volume of video data is produced through video surveillance in industries, city surveillance, and through social media and sites. Video analytics helps organizations to identify movements and characteristics of people and vehicles, while ignoring the irrelevant activities. 

The video analytics market is expected to witness significant growth in the coming years. In the current scenario, businesses are using video management system to effectively monitor and track the process and progresses. The video surveillance is adopted in almost all types of industries including small & medium enterprise (SMEs), large enterprises, and residential buildings to meet safety & security demand, and keep a track of events. Some of the crucial applications of video analytics include facial recognition, incident detection, motion detection, perimeter intrusion detection, crowd detection & management, traffic & parking management, and others (number plate reading, dwell time counting, object recognition, and camera tampering detection). This enables effective traffic management, city surveillance, and observe processes, assets, and business operations. 

Public safety and security have always been a matter of concern in several developed and developing regions. Rise in number of terrorist attacks and rapid urbanization are the major reasons for increasing concern over safety and security to life and assets, leading to the growth of this market. 

Post COVID-19 outbreak, emerging use cases of video analytics solutions to help combat COVID-19 is anticipated to provide lucrative opportunities for the expansion of the global video analytics market. Moreover, owing to the upgradation of technology, analytics solutions are more reliable and require less maintenance, thus driving the market growth. Furthermore, advancements in self-driving cars, robotics, and industrial automation are expected to boost the demand for this video analytics solutions in the long run

Video analytics software can be used on server-based as well as edge-based architecture. The demand for edge-based architecture is expected to be higher than server-based architecture. This high growth is driven by improved image capturing quality, faster analysis, and lower storage space requirements. 

Implementation services ensure comprehensive planning, installing, and configuration of the software. Video analytics services are expected to experience the highest growth rate as they are for long-term use and continue even after the deployment of the software.

There is a huge investment made by the U.S. government to develop smart city solutions such as smart surveillance cameras integrated with AI based video analytics, automatic number plate recognition, vehicle fleet communication, and broadband infrastructure, which is expected to boost the growth of the video analytics market. Europe and Asia-Pacific are expected to grow at significant rates owing to lucrative opportunities offered by countries such as China, Germany, France, and India.
 

 
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