Worldwide Video Surveillance Analytics Market Shares, 2020: A Growing Market, But Messy

Worldwide Video Surveillance Analytics Market Shares, 2020: A Growing Market, But Messy

This IDC study reviews the worldwide video surveillance analytics market shares for 2020. The video analytics market is a substantial one — valued at nearly $2 billion in 2020, it is made up of companies that provide video management systems as well as those that provide advanced video analytics. It is growing at an impressive CAGR of 12.8% through 2025 and is a primary driver of growth in the video surveillance market. Principal players in this space account for 61% of the market overall, and there are hundreds of niche players that bring specific capabilities, implying a strong potential for mergers and acquisition in the future as vendors seek to enhance their capabilities.According to Mike Jude, IDC's research director for Video Analytics and Vision Applications, "The video analytics market is expected to grow at a CAGR of 12.8% over the next five years. As video management systems (VMS) increasingly incorporate analytics capabilities, expect major VMS players to improve their capabilities through M&A activities."

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