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The Global Video Analytics Market is expected to grow from USD 4.9 Billion in 2020 to USD 11.7 Billion by 2025, at a Compound Annual Growth Rate (CAGR) of 19.0% during the forecast period.
Key Players- Avigilon (Canada), Cisco (US), Axis Communications (Sweden), Agent VI (US), AllGoVision (India), Aventura Systems (US), Genetec (Canada), i2V (India), IntelliVision (US), intuVision (US), PureTech Systems (US), Qognify (US), Honeywell (US), IBM (US), iOmniscient (Australia), BriefCam (US), Digital Barriers (UK), IPSOTEK (UK), Gorilla Technology (Taiwan), DELOPT (India), Viseum (UK), KiwiSecurity (Austria), Intelligent Security Systems (US), Verint (US), Hikvision (China), Huawei (China), Dahua (China), Senstar (Canada), Identiv (US), and Bosch Security (Germany).
“Software segment to grow at a higher CAGR during the forecast period”
Video analytics software eliminate the drawbacks of traditional video surveillance systems by offering capabilities that are instrumental in detecting abnormalities and crimes, thereby ensuring optimum operational efficiency. The demand for video analytics software is being driven by its ability to be integrated with the existing analog, Internet Protocol (IP), or megapixel cameras in enterprises, thus eliminating the need for the deployment of additional hardware.
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“City surveillance vertical to hold the highest market share in 2020”
Governments across the world are seeking advanced solutions to minimize the threats to their citizens. These threats could range from organized criminal acts to random acts of violence. Video analytics plays an important role in city surveillance and is being used for controlling traffic on highways or freeways, tracking data from remote locations, managing the crowd flow, detecting motion for identifying over-speeding vehicles, facial recognition by law enforcement authorities, and identifying camera tampering.
“Asia Pacificto grow at the highest CAGR during the forecast period”
The video analytics market in APAC is expected to witness exponential growth, mainly because of the rising awareness about the potential security threats to individuals, and the growing manufacturing industry.
Competitive Landscape of Video Analytics Market:
2 Market Evaluation Framework
3 Key Market Developments
3.1 New Product Launches
4 Ranking Of Key Players In The Market, 2020
5 Revenue Analysis Of Top Market Players
6 Competitive Leadership Mapping
6.1 Visionary Leaders
6.3 Dynamic Differentiators
6.4 Emerging Companies