Video Analytics Market Size, Share, and Analysis, By Type (Software and Services), By Deployment (Cloud and On-premise), By Application (Crowd Management, Facial Recognition, Intrusion Detection, License Plate Recognition, Motion Detection, and Others), B

Video Analytics Market Size, Share, and Analysis, By Type (Software and Services), By Deployment (Cloud and On-premise), By Application (Crowd Management, Facial Recognition, Intrusion Detection, License Plate Recognition, Motion Detection, and Others), By End User (BFSI, Education, Government, Retail, Critical Infrastructure, Transportation, and Others), By Region (North America, Europe, Asia-Pacific, And Rest of the World), And Regional Forecast 2024-2034

Video Analytics Market Size, Share, and Analysis, By Type (Software and Services), By Deployment (Cloud and On-premise), By Application (Crowd Management, Facial Recognition, Intrusion Detection, License Plate Recognition, Motion Detection, and Others), By End User (BFSI, Education, Government, Retail, Critical Infrastructure, Transportation, and Others), By Region (North America, Europe, Asia-Pacific, And Rest of the World), And Regional Forecast 2024-2034

PRODUCT OVERVIEW

Video Analytics Market is anticipated to grow at a CAGR of 24.3% in the forecast period (2024-2034), with the market size valued at USD 8 billion in 2023 and projected to reach USD 87.8 billion by 2034.

Video analytics refers to the use of advanced algorithms and technologies to analyze and interpret video content. This technique involves the collection of valuable insights, patterns, and data from video footage to help with operational improvements, security upgrades, and process optimization. In addition, video analytics systems use several technologies such as object detection, facial recognition, and activity tracking to identify and categorize things and events in video streams. Moreover, video analytics offer various benefits such as real-time monitoring, anomaly detection, and better resource allocation. Therefore, by using the vast volumes of video data generated by cameras and other sources, organizations can gather valuable insights to simplify their operations and raise situational awareness.

MARKET HIGHLIGHTS

Video analytics market is projected to reach USD 87.8 billion, growing at a CAGR of 24.3% during the forecast period, owing to the rising demand for advanced video surveillance solutions across various sectors. The expansion of the video analytics market is attributed to several factors such as the high production of IoT devices, growing security concerns, and the need for actionable data. Additionally, industries such as retail, transportation, and healthcare, are actively using video analytics solutions to improve operations and enhance customer experience. Furthermore, emerging economies are becoming key players in the video analytics market due to infrastructure development and urbanization trends across these nations. Therefore, the video analytics market will witness substantial expansion owing to constant technological innovations and the widening scope of applications across industries.

Video Analytics Market Segments:

• By Type
• Software
• Services
• By Deployment
• Cloud
• On-premise
• By Application
• Crowd Management
• Facial Recognition
• Intrusion Detection
• License Plate Recognition
• Motion Detection
• Others
• By End User
• BFSI
• Education
• Government
• Retail
• Critical Infrastructure
• Transportation
• Others

MARKET DYNAMICS

Growth Drivers

Technological Developments in AI and ML Will Impact the Market's Expansion

Growing Demand for Stronger Security Solutions has Contributed to Higher Market Growth

Restraint

Video Analytics is Significantly Hampered by Privacy and Ethical Concerns

Key Players

• Bromic Heating
• Honeywell International Inc.
• IBM Corporation
• Axis Communications AB
• Motorola Solutions
• Bosch Security Systems
• Cisco Systems, Inc.
• Genetec Inc.
• Verint Systems Inc.
• Hanwha Techwin Co., Ltd.
• VCA Technology (Qognify)
• Agent Video Intelligence Ltd.
• IntelliVision Technologies Corp.
• PureTech Systems Inc.
• Aventura Technologies, Inc.
• i2v System Pvt. Ltd.
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Global Laboratory Temperature Control Units Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 3-month post-sales analyst support.

*Please Note: The report will be delivered in 2-3 business days upon order confirmation*