Video Analytics in Banking Market By Component (Software, Service), By Deployment Mode (On-premise, Cloud), By Application (Security and Fraud Detection, Customer Behavior Analysis, Queue Management, ATM Monitoring, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032
Video surveillance in banking plays a major role in carrying out safety-related operations. Public and private video surveillance systems assist in reducing crime rates and safeguarding premises areas by identifying number plates and determining faces. Moreover, video recording has become an integral tool in law procedures as it can be used for gathering evidence. Most businesses are also implementing video analytics to re-design their plans based on derived insights and are updating their product offerings based on induced consumer behavior patterns.
Increase in adoption of high-resolution cameras and the rise in demand for real-time event detection is boosting the growth of global video analytics in banking market. In addition, increase in the use of digital transformation technology positively impacts growth of the video analytics in banking market. However, government regulations related to CCTV surveillance & high cost, and increasing security concerns are hampering the video analytics in banking market growth. On the contrary, rising Innovations in the banking industry are expected to offer remunerative opportunities for expansion of the video analytics in banking market during the forecast period.
The video analytics in banking market is segmented on the basis of by component, deployment mode, application, and region. On the basis of component, the market is categorized into solution and service. On the basis of deployment mode, the market is fragmented into on-premise, and cloud. By application, it is classified into security and fraud detection, customer behavior analysis, queue management, ATM monitoring, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players that operate in the video analytics in banking market are Axis Communications AB, AllGoVision Technologies Pvt. Ltd, bosch sicherheitssysteme gmbh, Wipro Limited, Eagle Eye Networks, Inc., IBM Corporation, Zhejiang Dahua Technology Co., Ltd, Grekkom Technologies, Senstar Corporation Inc., and Avigilon Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Key Benefits For StakeholdersThe study provides an in-depth analysis of the global video analytics in banking market forecast along with the current and future trends to explain the imminent investment pockets.
Information about key drivers, restraints, and opportunities and their impact analysis on global video analytics in banking market trend is provided in the report.
The Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
The quantitative analysis of the market from 2022 to 2032 is provided to determine the market potential.
Key Market SegmentsBy ComponentSoftware
Service
By Deployment ModeOn-premise
Cloud
By ApplicationOthers
Security and Fraud Detection
Customer Behavior Analysis
Queue Management
ATM Monitoring
By RegionNorth America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
AllGoVision Technologies Pvt. Ltd
Avigilon Corporation
Axis Communications AB
Bosch Sicherheitssysteme GmbH
Eagle Eye Networks, Inc.
Grekkom Technologies
IBM Corporation
Senstar Corporation Inc.
Wipro Limited
Zhejiang Dahua Technology Co., Ltd
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