{"product_id":"video-analytics-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","title":"Video Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028","description":"\u003cp\u003eVideo Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028\u003cbr\u003e\nThe global video analytics market size reached US$ 6.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.5 Billion by 2028, exhibiting a growth rate (CAGR) of 18.4% during 2023-2028.\u003c\/p\u003e\n\n\u003cp\u003eVideo analytics, also known as video content analysis, is a technological solution that comprises software applications, multiple cameras, and artificial intelligence (AI)-based programs that obtain insights about attributes and human behavioral patterns via videos. It provides computerized monitoring, processing, and analysis of video streams in real time to identify spatial experiences. It also offers enhanced security functions to critical infrastructure while automating access control, minimizing staffing requirements, and collecting data on customer behavior. It is utilized for dynamic blurring, 3D counting, facial recognition, and license plate reading. As a result, it is gaining traction in surveillance, motion, and intrusion detection across the globe.\u003c\/p\u003e\n\n\u003cp\u003eVideo Analytics Market Trends:\u003cbr\u003e\nThere is an increase in the need for advanced security and surveillance systems worldwide and governments of numerous countries are undertaking initiatives for financing video analytics solutions to protect citizens from internal and external threats. This, coupled with the rising number of cyber-attacks and security breaches, represents one of the key factors impelling the growth of the market. Moreover, video analytics is employed in the banking, financial services and insurance (BFSI) industry to increase safety and situational awareness by harnessing their existing surveillance networks. It also enables security to respond to the events as they search and filter the videos to accelerate post-event investigations. This, in turn, is stimulating the growth of the market. In addition, there is an increase in the incorporation of the internet of things (IoT) and machine learning (ML) systems in video analytics that processes the data using algorithms for accurate, reliable, and critical insights. It also allows organizations to make prompt and accurate decisions, which is offering lucrative growth opportunities to leading players operating in the industry. Apart from this, the expanding number of shopping malls, movie theaters, stores, hotels, parks, and resorts are driving the demand for video analytics to enhance public safety.\u003c\/p\u003e\n\n\u003cp\u003eKey Market Segmentation:\u003cbr\u003e\nIMARC Group provides an analysis of the key trends in each sub-segment of the global video analytics market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, deployment type, application, architecture type, organization size and end user.\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Component:\u003c\/p\u003e\n\n\u003cp\u003eSoftware\u003cbr\u003e\nServices\u003cbr\u003e\n \u003cbr\u003e\nVideo analytics software leads the market as it helps in automating the job of watching hours of CCTV footage in search of potential threats.\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Deployment Type:\u003c\/p\u003e\n\n\u003cp\u003eOn-Premises\u003cbr\u003e\nCloud\u003cbr\u003e\n \u003cbr\u003e\nOn-premises segment dominates the market due to the rising number of cyber-attacks and data breaching.\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Application:\u003c\/p\u003e\n\n\u003cp\u003eIncident Detection\u003cbr\u003e\nIntrusion Management\u003cbr\u003e\nPeople\/Crowd Counting\u003cbr\u003e\nTraffic Monitoring\u003cbr\u003e\nAutomatic Number Plate Recognition\u003cbr\u003e\nFacial Recognition\u003cbr\u003e\nOthers\u003cbr\u003e\n \u003cbr\u003e\nVideo analytics is used in intrusion management to offer precise and automated surveillance and produce a real-time warning with a video of the incident.\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Architecture Type:\u003c\/p\u003e\n\n\u003cp\u003eEdge-Based\u003cbr\u003e\nServer-Based\u003cbr\u003e\n \u003cbr\u003e\nEdge-based video analytics holds the largest market share as it is faster and reduces the need for greater storage and bandwidth at the head end.\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Organization Size:\u003c\/p\u003e\n\n\u003cp\u003eSmall and Medium Enterprise\u003cbr\u003e\nLarge Enterprise\u003cbr\u003e\n \u003cbr\u003e\nLarge enterprises dominate the market as it enables surveillance systems to act proactively against events taking place in the environment.\u003c\/p\u003e\n\n\u003cp\u003eBreakup by End User:\u003c\/p\u003e\n\n\u003cp\u003eBFSI\u003cbr\u003e\nRetail\u003cbr\u003e\nCritical Infrastructure\u003cbr\u003e\nTraffic Management\u003cbr\u003e\nTransportation and Logistics\u003cbr\u003e\nHospitality and Entertainment\u003cbr\u003e\nDefense and Security\u003cbr\u003e\nOthers\u003cbr\u003e\n \u003cbr\u003e\nVideo analytics finds extensive application in the retail sector for strolling identification, footfall measurement, and consumer behavior analysis.\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Region:\u003c\/p\u003e\n\n\u003cp\u003eNorth America\u003cbr\u003e\nUnited States\u003cbr\u003e\nCanada\u003cbr\u003e\nAsia Pacific\u003cbr\u003e\nChina\u003cbr\u003e\nJapan\u003cbr\u003e\nIndia\u003cbr\u003e\nSouth Korea\u003cbr\u003e\nAustralia\u003cbr\u003e\nIndonesia\u003cbr\u003e\nOthers\u003cbr\u003e\nEurope\u003cbr\u003e\nGermany\u003cbr\u003e\nFrance\u003cbr\u003e\nUnited Kingdom\u003cbr\u003e\nItaly\u003cbr\u003e\nSpain\u003cbr\u003e\nRussia\u003cbr\u003e\nOthers\u003cbr\u003e\nLatin America\u003cbr\u003e\nBrazil\u003cbr\u003e\nMexico\u003cbr\u003e\nOthers\u003cbr\u003e\nMiddle East and Africa\u003cbr\u003e\n \u003cbr\u003e\nNorth America enjoys the leading position in the market due to the increasing adoption of CCTV cameras in the region.\u003c\/p\u003e\n\n\u003cp\u003eCompetitive Landscape:\u003cbr\u003e\nThe report has also analysed the competitive landscape of the market with some of the key players being Agent Video Intelligence Ltd., AllGoVision Technologies Pvt. Ltd., Aventura Technologies, Inc., Avigilon Corporation (Motorola Solutions), Axis Communications AB (Canon Inc.), Cisco Systems Inc., Gorilla Technology Inc. (Gorilla Science \u0026amp; Technology Holding, Inc.), Honeywell International Inc., IBM, IntelliVision Technologies Corp. (Nortek Security \u0026amp; Control LLC), Intelligent Security Systems Corporation, KiwiSecurity Software GmbH, PureTech Systems Inc. (FLIR Systems), Qognify Inc. and Verint Systems Inc.\u003c\/p\u003e\n\n\u003cp\u003eKey Questions Answered in This Report:\u003c\/p\u003e\n\n\u003cp\u003eHow has the global video analytics market performed so far and how will it perform in the coming years?\u003cbr\u003e\nWhat has been the impact of COVID-19 on the global video analytics market?\u003cbr\u003e\nWhat are the key regional markets?\u003cbr\u003e\nWhat is the breakup of the market based on the component?\u003cbr\u003e\nWhat is the breakup of the market based on the deployment type?\u003cbr\u003e\nWhat is the breakup of the market based on the application?\u003cbr\u003e\nWhat is the breakup of the market based on the architecture type?\u003cbr\u003e\nWhat is the breakup of the market based on the organization size?\u003cbr\u003e\nWhat is the breakup of the market based on the end user?\u003cbr\u003e\nWhat are the various stages in the value chain of the industry?\u003cbr\u003e\nWhat are the key driving factors and challenges in the industry?\u003cbr\u003e\nWhat is the structure of the global video analytics market and who are the key players?\u003cbr\u003e\nWhat is the degree of competition in the industry?\u003c\/p\u003e","brand":"Service Industrries","offers":[{"title":"June, 2023 \/ 149 Pages \/ MCW16271136","offer_id":47707413119282,"sku":null,"price":2999.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/video-analytics-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}