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Video Analytics Market by Component (Software and Services), Application (Facial Recognition & Detection, Incident Detection, Perimeter Intrusion Detection, Crowd Detection & Management, Traffic & Parking Management, and Others), Deployment Model (Cloud and On-premises), and Industry Vertical (Transportation, BFSI, Retail, Government, Manufacturing, Energy & Utilities, Critical Infrastructure, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023

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IC_173615
Pages: 166
Aug 2017 | 3226 Views
 
Author's : Rahul Kumar
Tables: 73
Charts: 49
 

Video Analytics Market Overview:

Global Video Analytics Market was valued at $2,745 million in 2016, and is estimated to reach $13,381 million by 2023, growing at a CAGR of 25.7% from 2017 to 2023. Video analytics enables the industries to detect the anomalies automatically and track the system on a real-time basis. Video analytics provides facial recognition, object identification, object detection, and perimeter intrusion detection. The global video analytics market is expected to witness significant growth rate, due to the rise in smart cities expenditure by governments of various developed and developing regions, including North America, Europe, and Asia-Pacific.

The European video analytics market is expected to register the highest CAGR during the forecast period. Global vendors are investing heavily in the video analytics market to improve the overall video analytics solution offering to ensure efficient and effective video management system. Developing countries such as China, India, Japan, and Australia invest heavily in building smart cities, which offers lucrative opportunities for video analytics market players. Moreover, increase in terrorist activities and recent initiatives by the European government related to video surveillance in public area are the key drivers for the growth of European video analytics market.

Increase in demand for retail analytics and vehicle plate recognition, and surge in crime & terrorism fuel the demand of video analytics market across North America and Europe. However, LAMEA is expected to account the least market share in the global video analytics market as compared to other regions, due to slow ICT expenditure and high investment on travel & tourism. Furthermore, Middle East and Africa are expected to gain traction, but the growth is expected to be stable during the forecast period.

Video Analytics Market Segmentation

Video analytics market segmentation

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The global video analytics market is segmented on the basis of component, application, deployment model, industry vertical, and geography. On the basis of component, it is bifurcated into software and services. On the basis of application, it is categorized into facial recognition & detection, incident detection, perimeter intrusion detection, crowd detection & management, traffic & parking management, and others. The deployment models included are cloud and on-premises. On the basis of industry vertical, it is divided into transportation, BFSI, retail, government, manufacturing, energy & utilities, critical infrastructure, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the report are 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. The report discusses the key strategies adopted by the companies and the detailed analysis of the current trends, upcoming opportunities, and restraints in the global video analytics market in addition to their impacts.

Top Impacting Factors

Video analytics market Top impacting factors

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Increase in Demand for IP-Based Security Systems

Enterprises globally focus on the optimal use of resources and improvement in productivity, which is expected to boost the video analytics market growth in future.

Growth in Concern Over Public Safety & Security

There is an increase in the adoption of cloud, computing services, connected devices, and video surveillance by the government organizations to build smart cities and combat crime & terrorism.

Increase in Volume of Unstructured Video Data

Cameras, unmanned aerial vehicles (UAVs), and drones are utilized to capture a large volume of the video data. Industries such as manufacturing, transportation, BFSI, and others are using video surveillance systems to track and monitor the production processes.

High Initial Investment Cost on Systems & Infrastructure

Traditionally, companies use analog-based security systems that require different hardware for storage and installation. Edge-based video analytics minimizes video processing in the back end and reduces the video processing timing.

Growth in Requirement of Business Intelligence and Insights

The need for behavior analysis, situation awareness, and crowd management is expected to drive the video analytics market in the future.

Key Benefits:

  • In-depth analysis of the global video analytics market and its dynamics is provided to understand the market scenario.
  • Quantitative analysis of the current trends and future estimations from 2017 to 2023 is provided to assist strategists and stakeholders to capitalize on the prevailing opportunities.
  • Porters five forces analysis examines the competitive structure o and provides a clear understanding of the factors that influence the global video analytics market entry and expansion.
  • A detailed analysis of the geographical segments enables the identification of profitable segments for market players.
  • Comprehensive analysis of the trends, sub-segments, and key revenue pockets is provided.

Video Analytics Market Key Segments:

By Component

  • Software
  • Services

By Application

  • Facial Recognition & Detection
  • Incident Detection
  • Perimeter Intrusion Detection
  • Crowd Detection & Management
  • Traffic & Parking Management
  • Others

By Deployment Model

  • Cloud
  • On-premises

By Industry Vertical

  • Transportation
  • BFSI
  • Retail
  • Government
  • Manufacturing
  • Energy & Utilities
  • Critical Infrastructure
  • Others

By Geography

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

Chapter: 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. RESEARCH METHODOLOGY

1.3.1. Primary research
1.3.2. Secondary research
1.3.3. Analyst tools and models
1.3.4. Market segmentation

Chapter: 2 EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

Chapter: 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top winning strategies
3.2.2. Top investment pockets
3.2.3. Top impacting factors

3.2.3.1. Increasing demand for IP-based security Systems
3.2.3.2. Growing concern over public safety and security
3.2.3.3. Increasing volume of unstructured video data
3.2.3.4. High initial investment on systems and infrastructure
3.2.3.5. Growing needs of business intelligence and insights

3.3. PORTER’S FIVE FORCES ANALYSIS

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

3.4. MARKET PLAYER POSITIONING
3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Increasing demand of IP-based security systems
3.5.1.2. Growing concern over public safety and security
3.5.1.3. Increasing volume of unstructured video data

3.5.2. Restraints

3.5.2.1. High initial investment cost on systems & infrastructures
3.5.2.2. Increasing number of false alarms alerts

3.5.3. Opportunities

3.5.3.1. Need of edge-based analytics and recognizing & profiling applications
3.5.3.2. Growing needs of business intelligence and insights

Chapter: 4 VIDEO ANALYTICS MARKET, BY COMPONENT

4.1. OVERVIEW
4.2. SOFTWARE

4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast

4.3. SERVICES

4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast

Chapter: 5 VIDEO ANALYTICS MARKET, BY APPLICATION

5.1. OVERVIEW
5.2. FACIAL RECOGNITION & DETECTION

5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast

5.3. INCIDENT DETECTION

5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast

5.4. PERIMETER INTRUSION DETECTION

5.4.1. Key market trends
5.4.2. Key growth factors and opportunities
5.4.3. Market size and forecast

5.5. CROWD DETECTION & MANAGEMENT

5.5.1. Key market trends
5.5.2. Key growth factors and opportunities
5.5.3. Market size and forecast

5.6. TRAFFIC & PARKING MANAGEMENT

5.6.1. Key market trends
5.6.2. Key growth factors and opportunities
5.6.3. Market size and forecast

5.7. OTHERS

5.7.1. Key market trends
5.7.2. Key growth factors and opportunities
5.7.3. Market size and forecast

Chapter: 6 VIDEO ANALYTICS MARKET, BY DEPLOYMENT MODEL

6.1. OVERVIEW
6.2. CLOUD

6.2.1. Key market trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size and forecast

6.3. ON-PREMISES

6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size and forecast

Chapter: 7 VIDEO ANALYTICS MARKET, BY INDUSTRY VERTICAL

7.1. OVERVIEW
7.2. TRANSPORTATION

7.2.1. Key market trends
7.2.2. Key growth factors and opportunities
7.2.3. Market size and forecast

7.3. BFSI

7.3.1. Key market trends
7.3.2. Key growth factors and opportunities
7.3.3. Market size and forecast

7.4. RETAIL

7.4.1. Key market trends
7.4.2. Key growth factors and opportunities
7.4.3. Market size and forecast

7.5. GOVERNMENT

7.5.1. Key market trends
7.5.2. Key growth factors and opportunities
7.5.3. Market size and forecast

7.6. MANUFACTURING

7.6.1. Key market trends
7.6.2. Key growth factors and opportunities
7.6.3. Market size and forecast

7.7. ENERGY & UTILITIES

7.7.1. Key market trends
7.7.2. Key growth factors and opportunities
7.7.3. Market size and forecast

7.8. CRITICAL INFRASTRUCTURES

7.8.1. Key market trends
7.8.2. Key growth factors and opportunities
7.8.3. Market size and forecast

7.9. OTHERS

7.9.1. Key market trends
7.9.2. Key growth factors and opportunities
7.9.3. Market size and forecast

Chapter: 8 VIDEO ANALYTICS MARKET, BY GEOGRAPHY

8.1. OVERVIEW
8.2. NORTH AMERICA

8.2.1. Key trends
8.2.2. Key growth factors and opportunities
8.2.3. Market size and forecast

8.2.3.1. U.S.
8.2.3.2. Canada
8.2.3.3. Mexico

8.2.4. North America video analytics market, by component
8.2.5. North America video analytics market, by application
8.2.6. North America video analytics market, by deployment model
8.2.7. North America video analytics market, by industry vertical

8.3. EUROPE

8.3.1. Key market trends
8.3.2. Key growth factors and opportunities
8.3.3. Market size and forecast

8.3.3.1. UK
8.3.3.2. Germany
8.3.3.3. France
8.3.3.4. Italy
8.3.3.5. Rest of Europe

8.3.4. Europe video analytics market, by component
8.3.5. Europe video analytics market, by application
8.3.6. Europe video analytics market, by deployment model
8.3.7. Europe video analytics market, by industry vertical

8.4. ASIA-PACIFIC

8.4.1. Key market trends
8.4.2. Key growth factors and opportunities
8.4.3. Market size and forecast

8.4.3.1. China
8.4.3.2. India
8.4.3.3. Japan
8.4.3.4. Australia
8.4.3.5. Rest of Asia-Pacific

8.4.4. Asia-Pacific video analytics market, by component
8.4.5. Asia-Pacific video analytics market, by application
8.4.6. Asia-Pacific video analytics market, by deployment model
8.4.7. Asia-Pacific video analytics market, by industry vertical

8.5. LAMEA

8.5.1. Key market trends
8.5.2. Key growth factors and opportunities
8.5.3. Market size and forecast

8.5.3.1. Latin America
8.5.3.2. Middle East
8.5.3.3. Africa

8.5.4. LAMEA video analytics market, by component
8.5.5. LAMEA video analytics market, by application
8.5.6. LAMEA video analytics market, by deployment model
8.5.7. LAMEA video analytics market, by industry vertical

Chapter: 9 COMPANY PROFILES

9.1. ALLGOVISION TECHNOLOGIES PVT. LTD

9.1.1. Company overview
9.1.2. Company snapshot
9.1.3. Operating business segments
9.1.4. Product portfolio
9.1.5. Business performance
9.1.6. Key strategic moves and developments

9.2. AVENTURA TECHNOLOGIES, INC.

9.2.1. Company overview
9.2.2. Company snapshot
9.2.3. Operating business segments
9.2.4. Business performance
9.2.5. Key strategic moves and developments

9.3. AXIS COMMUNICATIONS AB

9.3.1. Company overview
9.3.2. Company snapshot
9.3.3. Operating business segments
9.3.4. Product portfolio
9.3.5. Business performance
9.3.6. Key strategic moves and developments

9.4. CISCO SYSTEMS, INC.

9.4.1. Company overview
9.4.2. Company snapshot
9.4.3. Operating business segments
9.4.4. Product portfolio
9.4.5. Business performance
9.4.6. Key strategic moves and developments

9.5. HONEYWELL INTERNATIONAL, INC.

9.5.1. Company overview
9.5.2. Company snapshot
9.5.3. Operating business segments
9.5.4. Product portfolio
9.5.5. Business performance
9.5.6. Key strategic moves and developments

9.6. IBM CORPORATION

9.6.1. Company overview
9.6.2. Company snapshot
9.6.3. Operating business segments
9.6.4. Product portfolio
9.6.5. Business performance
9.6.6. Key strategic moves and developments

9.7. INTELLIVISION

9.7.1. Company overview
9.7.2. Company snapshot
9.7.3. Operating business segments
9.7.4. Product portfolio
9.7.5. Business performance
9.7.6. Key strategic moves and developments

9.8. PURETECH SYSTEMS, INC.

9.8.1. Company overview
9.8.2. Company snapshot
9.8.3. Operating business segments
9.8.4. Product portfolio
9.8.5. Business performance
9.8.6. Key strategic moves and developments

9.9. VERINT SYSTEMS, INC

9.9.1. Company overview
9.9.2. Company snapshot
9.9.3. Operating business segments
9.9.4. Product portfolio
9.9.5. Business performance
9.9.6. Key strategic moves and developments

9.10. QUOGNIFY

9.10.1. Company overview
9.10.2. Company snapshot
9.10.3. Operating business segments
9.10.4. Product portfolio
9.10.5. Business performance
9.10.6. Key strategic moves and developments

LIST OF TABLES

TABLE 1. GLOBAL VIDEO ANALYTICS MARKET REVENUE, BY COMPONENT TYPE, 2016-2023 ($MILLION)
TABLE 2. SOFTWARE VIDEO ANALYTICS MARKET REVENUE, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 3. SERVICES VIDEO ANALYTICS MARKET REVENUE, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 4. GLOBAL VIDEO ANALYTICS MARKET REVENUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 5. FACIAL RECOGNITION & DETECTION VIDEO ANALYTICS MARKET REVENUE, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 6. INCIDENT DETECTION VIDEO ANALYTICS MARKET REVENUE, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 7. PERIMETER INTRUSION DETECTION VIDEO ANALYTICS MARKET REVENUE, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 8. CROWD DETECTION & MANAGEMENT VIDEO ANALYTICS MARKET REVENUE, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 9. TRAFFIC & PARKING MANAGEMENT VIDEO ANALYTICS MARKET REVENUE, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 10. OTHERS VIDEO ANALYTICS MARKET REVENUE, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 11. GLOBAL VIDEO ANALYTICS MARKET REVENUE, BY DEPLOYMENT MODEL, 2016-2023 ($MILLION)
TABLE 12. CLOUD VIDEO ANALYTICS MARKET REVENUE, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 13. ON-PREMISES VIDEO ANALYTICS MARKET REVENUE, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 14. GLOBAL VIDEO ANALYTICS MARKET REVENUE, BY INDUSTRY VERTICAL, 2016-2023 ($MILLION)
TABLE 15. TRANSPORTATION VIDEO ANALYTICS MARKET REVENUE, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 16. BFSI VIDEO ANALYTICS MARKET REVENUE, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 17. RETAIL VIDEO ANALYTICS MARKET REVENUE, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 18. GOVERNMENT VIDEO ANALYTICS MARKET REVENUE, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 19. MANUFACTURING VIDEO ANALYTICS MARKET REVENUE, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 20. ENERGY & UTILITIES VIDEO ANALYTICS MARKET REVENUE, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 21. CRITICAL INFRASTRUCTURE VIDEO ANALYTICS MARKET REVENUE, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 22. OTHERS VIDEO ANALYTICS MARKET REVENUE, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 23. VIDEO ANALYTICS MARKET BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 24. NORTH AMERICA VIDEO ANALYTICS MARKET BY COUNTRY, 2016-2023 ($MILLION)
TABLE 25. NORTH AMERICA VIDEO ANALYTICS MARKET BY COMPONENT TYPE, 2016-2023 ($MILLION)
TABLE 26. NORTH AMERICA VIDEO ANALYTICS MARKET BY APPLICATION, 2016-2023 ($MILLION)
TABLE 27. NORTH AMERICA VIDEO ANALYTICS MARKET BY DEPLOYMENT MODEL, 2016-2023 ($MILLION)
TABLE 28. NORTH AMERICA VIDEO ANALYTICS MARKET BY INDUSTRY VERTICAL, 2016-2023 ($MILLION)
TABLE 29. EUROPE VIDEO ANALYTICS MARKET BY COUNTRY, 2016-2023 ($MILLION)
TABLE 30. EUROPE VIDEO ANALYTICS MARKET BY COMPONENT TYPE, 2016-2023 ($MILLION)
TABLE 31. EUROPE VIDEO ANALYTICS MARKET BY APPLICATION, 2016-2023 ($MILLION)
TABLE 32. EUROPE VIDEO ANALYTICS MARKET BY DEPLOYMENT MODEL, 2016-2023 ($MILLION)
TABLE 33. EUROPE VIDEO ANALYTICS MARKET BY INDUSTRY VERTICAL, 2016-2023 ($MILLION)
TABLE 34. ASIA-PACIFIC VIDEO ANALYTICS MARKET BY COUNTRY, 2016-2023 ($MILLION)
TABLE 35. ASIA-PACIFIC VIDEO ANALYTICS MARKET BY COMPONENT TYPE, 2016-2023 ($MILLION)
TABLE 36. ASIA-PACIFIC VIDEO ANALYTICS MARKET BY APPLICATION, 2016-2023 ($MILLION)
TABLE 37. ASIA PACIFIC VIDEO ANALYTICS MARKET BY DEPLOYMENT MODEL, 2016-2023 ($MILLION)
TABLE 38. ASIA-PACIFIC VIDEO ANALYTICS MARKET BY INDUSTRY VERTICAL, 2016-2023 ($MILLION)
TABLE 39. LAMEA VIDEO ANALYTICS MARKET BY REGION, 2016-2023 ($MILLION)
TABLE 40. LAMEA VIDEO ANALYTICS MARKET BY COMPONENT TYPE, 2016-2023 ($MILLION)
TABLE 41. LAMEA VIDEO ANALYTICS MARKET BY APPLICATION, 2016-2023 ($MILLION)
TABLE 42. LAMEA VIDEO ANALYTICS MARKET BY DEPLOYMENT MODEL, 2016-2023 ($MILLION)
TABLE 43. LAMEA VIDEO ANALYTICS MARKET BY INDUSTRY VERTICAL, 2016-2023 ($MILLION)
TABLE 44. ALLGOVISION: COMPANY SNAPSHOT
TABLE 45. ALLGOVISION: OPERATING SEGMENTS
TABLE 46. ALLGOVISION: PRODUCT PORTFOLIO
TABLE 47. AVENTURA TECHNOLOGIES, INC.: COMPANY SNAPSHOT
TABLE 48. AVENTURA TECHNOLOGIES, INC.: OPERATING SEGMENTS
TABLE 49. AVENTURA TECHNOLOGIES, INC.: PRODUCT PORTFOLIO
TABLE 50. AXIS COMMUNICATIONS: COMPANY SNAPSHOT
TABLE 51. AXIS COMMUNICATIONS: OPERATING SEGMENTS
TABLE 52. AXIS COMMUNICATIONS: PRODUCT PORTFOLIO
TABLE 53. CISCO SYSTEMS INC.: COMPANY SNAPSHOT
TABLE 54. CISCO SYSTEMS INC.: OPERATING SEGMENTS
TABLE 55. CISCO SYSTEMS, INC.: PRODUCT PORTFOLIO
TABLE 56. HONEYWELL INTERNATIONAL, INC: COMPANY SNAPSHOT
TABLE 57. HONEYWELL INTERNATIONAL INC: OPERATING SEGMENTS
TABLE 58. HONEYWELL INTERNATIONAL, INC.: PRODUCT PORTFOLIO
TABLE 59. IBM CORPORATION: COMPANY SNAPSHOT
TABLE 60. IBM CORPORATION: OPERATING SEGMENTS
TABLE 61. IBM CORPORATION: PRODUCT PORTFOLIO
TABLE 62. INTELLIVISION: COMPANY SNAPSHOT
TABLE 63. INTELLIVISION: OPERATING SEGMENTS
TABLE 64. INTELLIVISION: PRODUCT PORTFOLIO
TABLE 65. PURETECH SYSTEMS, INC.: COMPANY SNAPSHOT
TABLE 66. PURETECH SYSTEMS, INC.: OPERATING SEGMENTS
TABLE 67. PURTECH SYSTEMS: PRODUCT PORTFOLIO
TABLE 68. VERINT SYSTEMS, INC.: COMPANY SNAPSHOT
TABLE 69. VERINT SYSTEMS, INC.: OPERATING SEGMENTS
TABLE 70. VERINT SYSTEMS, INC.: PRODUCT PORTFOLIO
TABLE 71. QUOGNIFY: COMPANY SNAPSHOT
TABLE 72. QUOGNIFY: OPERATING SEGMENTS
TABLE 73. QUOGNIFY: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 1. MARKET SEGMENTATION: VIDEO ANALYTICS MARKET
FIGURE 2. TOP WINNING STRATEGIES, 2015-2017 (%)
FIGURE 3. TOP WINNING STRATEGIES, 2015-2017
FIGURE 4. TOP INVESTMENT POCKETS
FIGURE 5. HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 6. LOW BARGAINING POWER OF BUYERS
FIGURE 7. LOW-TO-MODERATE THREAT OF SUBSTITUTES
FIGURE 8. MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 9. HIGH COMPETITIVE RIVALRY
FIGURE 10. MARKET PLAYER POSITIONING, 2016
FIGURE 11. DRIVERS, RESTRAINTS, AND OPPORTUNITIES
FIGURE 12. GLOBAL VIDEO ANALYTICS MARKET, BY COMPONENT TYPE
FIGURE 13. GLOBAL VIDEO ANALYTICS MARKET, BY APPLICATION
FIGURE 14. GLOBAL VIDEO ANALYTICS MARKET, BY DEPLOYMENT MODEL
FIGURE 15. GLOBAL VIDEO ANALYTICS MARKET, BY INDUSTRY VERTICAL
FIGURE 16. VIDEO ANALYTICS MARKET BY GEOGRAPHY, MARKET SHARE, AND CAGR
FIGURE 17. NORTH AMERICA VIDEO ANALYTICS MARKET, 2016-2023 ($MILLION)
FIGURE 18. U.S. VIDEO ANALYTICS MARKET, 2016-2023 ($MILLION)
FIGURE 19. CANADA VIDEO ANALYTICS MARKET, 2016-2023 ($MILLION)
FIGURE 20. MEXICO VIDEO ANALYTICS MARKET, 2016-2023 ($MILLION)
FIGURE 21. EUROPE VIDEO ANALYTICS MARKET, 2016-2023 ($MILLION)
FIGURE 22. UK VIDEO ANALYTICS MARKET, 2016-2023 ($MILLION)
FIGURE 23. GERMANY VIDEO ANALYTICS MARKET, 2016-2023 ($MILLION)
FIGURE 24. FRANCE VIDEO ANALYTICS MARKET, 2016-2023 ($MILLION)
FIGURE 25. ITALY VIDEO ANALYTICS MARKET, 2016-2023 ($MILLION)
FIGURE 26. REST OF EUROPE VIDEO ANALYTICS MARKET, 2016-2023 ($MILLION)
FIGURE 27. ASIA-PACIFIC VIDEO ANALYTICS MARKET, 2016-2023 ($MILLION)
FIGURE 28. CHINA VIDEO ANALYTICS MARKET, 2016-2023 ($MILLION)
FIGURE 29. INDIA VIDEO ANALYTICS MARKET, 2016-2023 ($MILLION)
FIGURE 30. JAPAN VIDEO ANALYTICS MARKET, 2016-2023 ($MILLION)
FIGURE 31. AUSTRALIA VIDEO ANALYTICS MARKET, 2016-2023 (MILLION)
FIGURE 32. REST OF ASIA-PACIFIC VIDEO ANALYTICS MARKET, 2016-2023 ($MILLION)
FIGURE 33. LAMEA VIDEO ANALYTICS MARKET, 2016-2023 ($MILLION)
FIGURE 34. LATIN AMERICA VIDEO ANALYTICS MARKET, 2016-2023 ($MILLION)
FIGURE 35. MIDDLE EAST VIDEO ANALYTICS MARKET, 2016-2023 ($MILLION)
FIGURE 36. AFRICA VIDEO ANALYTICS MARKET, 2016-2023 ($MILLION)
FIGURE 37. AXIS COMMUNICATIONS: NET REVENUE, 2014-2016 ($MILLION)
FIGURE 38. AXIS COMMUNICATIONS: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 39. CISCO SYSTEMS, INC.: NET REVENUE, 2014-2016 ($MILLION)
FIGURE 40. CISCO SYSTEMS, INC.: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 41. HONEYWELL INTERNATIONAL, INC: NET REVENUE, 2014-2016 ($MILLION)
FIGURE 42. HONEYWELL INTERNATIONAL, INC.: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 43. HONEYWELL INTERNATIONAL, INC.: REVENUE SHARE BY SEGMENTS, 2016 (%)
FIGURE 44. IBM CORPORATION: NET SALES, 2014-2016 ($MILLION)
FIGURE 45. IBM CORPORATION: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 46. IBM CORPORATION: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 47. VERINT SYSTEMS, INC.: NET SALES, 2014-2016 ($MILLION)
FIGURE 48. VERINT SYSTEMS, INC.: REVENUE SHARE BY SEGMENTS, 2016 (%)
FIGURE 49. VERINT SYSTEMS, INC.: REVENUE SHARE BY GEOGRAPHY, 2016 (%)

 

The global video analytics market is expected to reach $13,381 million by 2023, owing to increase in demand for IP-based security systems, growth in concern over public safety & security, and rise in volume of unstructured video data. However, high initial investment cost on systems & infrastructure is expected to hamper the video analytics market growth.

Video analytics provides applications such as facial recognition & detection, incident detection, perimeter intrusion detection, crowd detection & management, traffic & parking management, and others. Video analytics is the computerized processing and automatic analysis of the video content generated and captured during video surveillance. Video analytics has emerged as a top trend across several industry verticals, including transportation, BFSI, retail, and others in the recent years.

In 2016, the cloud deployment was the highest contributor, terms of revenue in the global video analytics market. The services segment also contributed significant revenue to the video analytics market, majorly from North-America. Furthermore, the cloud deployment segment is anticipated to witness the highest growth rate during the forecast period, owing to enhanced low cost and less maintenance required by the user.

The traffic & parking management and others applications, including motion detection, object recognition, and camera tampering detection, contributed to the highest share of revenue in 2016; however, the retail segment is anticipated to witness highest growth in the near future, owing to rise in demand for customer behavior analytics and loyalty management. The government segment is anticipated to grow at the second highest growth rate during the forecast period in the video analytics market.

Key market players have adopted various strategies, such as new product launch, business expansion, acquisition, and strategic alliances, to create more awareness about the video management system and increase its adoption across various industry verticals.

 

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