EUROPE VIDEO ANALYTICS MARKET 2021-2028

EUROPE VIDEO ANALYTICS MARKET 2021-2028

MARKET OUTLOOK

Triton Market Research predicts the European video analytics market to experience progress at a compound annual growth rate of 13.74% over the considered phase 2021-2028. France, Italy, Germany, Russia, Spain, the United Kingdom, and Rest of Europe shape the market in the given region.

Over the years, the growing concerns relating to terror attacks have significantly encouraged the adoption of video surveillance systems across France. Moreover, the growing investments, coupled with surging interest in the deployment of advanced technology systems, are influencing the adoption of surveillance systems. Here, the government’s efforts to implement video surveillance with multiple features, including facial and number plate recognition, is anticipated to stimulate the development of the video analytics market across France in the upcoming years.

In the region, Spain is among the prominent economies, generating a large amount of revenue through the tourism industry. The stable growth of the tourism industry majorly relies on security, which augments the adoption of surveillance systems to ensure public safety. The efficient security system for banks, government buildings, and embassies also increase the need for video surveillance. This growth in surveillance cameras in public areas is likely to augment the demand for video analytics solutions. Therefore, as stated above, such factors are expected to drive the expansion of the video analytics market in Spain on a growth path.

COMPETITIVE OUTLOOK

Some of the key players in the video analytics market are Genetec, Huawei, Mobotix, Honeywell, Cisco, Bosch GmbH, and i2V.