Video Analytics Market Share, Size, Trends, Industry Analysis Report, By Type (Software and Services); By Deployment Model; By Application; By End-User; By Region; Segment Forecast, 2023 - 2032

Video Analytics Market Share, Size, Trends, Industry Analysis Report, By Type (Software and Services); By Deployment Model; By Application; By End-User; By Region; Segment Forecast, 2023 - 2032

The global videanalytics market size is expected treach USD 43.77 billion by 2032, according ta new study by Polaris Market Research. The report “VideAnalytics Market Share, Size, Trends, Industry Analysis Report, By Type (Software and Services); By Deployment Model; By Application; By End-User; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight intcurrent market dynamics and provides analysis on future

The growth of the market is the rising demand for intelligent security surveillance systems, which can provide insights on critical trends and patterns. Furthermore, the growing apprehension for public safety and the application of videanalytics in criminal investigations are alscontributing factors that are fueling the demand for videanalytics solutions.

Videanalytics solutions are not limited tsurveillance applications, as they are alsbeing widely used in the retail sector testimate average foot traffic, gender distribution, assess display effectiveness, and measure the attractiveness of shelf space. Superstores and mega marts are increasingly implementing these systems tgain a better understanding of consumer behavior.

Videanalytics employs advanced algorithms that can analyze captured videos frame by frame, regardless of lighting conditions, making it a dependable and effective tool for ensuring security. Moreover, the transportation, retail, and healthcare industries are experiencing a considerable surge in the adoption of videanalytics due tthe growing use of intrusion detection, license plate recognition, crowd management, and congestion detection in these sectors.

VideAnalytics Market Report Highlights

The software segment is projected tdominate the market because more people are using these solutions, there is a rising need for support services tguarantee their proper operation, which is anticipated traise demand for managed and expert services, contributing tthe growth of the analytics industry.

The cloud-based model is expected tdominate the market and maintain its dominance during the forecast period with the highest compound annual growth rate.

The crowd management analytics segment is expected tdominate the market during the forecast period.

North America is expected tdominate the market due tincreasing investments, rising adoption of videsurveillance systems for enhanced security and safety purposes.

The global key market players include International Business Machines Corporation, CiscSystems Inc., Axis Communications, Genetec Inc., Agent VideIntelligence Ltd, Honeywell International Inc., Aventura Technologies Inc., Qognify, Avigilon Corporation, Puretech Systems Inc., Intuvision, Inc., and Allgovision Technologies Pvt. Ltd., among others

Polaris Market Research has segmented the VideAnalytics market report based on type, deployment model, application, end-user and region:

VideAnalytics, Type Outlook (Revenue - USD Billion, 2019 - 2032)

Software

Services

VideAnalytics, Deployment Model Outlook (Revenue - USD Billion, 2019 - 2032)

Cloud

On-premise

VideAnalytics, Application (Revenue - USD Billion, 2019 - 2032)

Crowd Management

Facial Recognition

Intrusion Detection

Motion Detection

License plate recognition

Others

VideAnalytics, End-User (Revenue - USD Billion, 2019 - 2032)

BFSI

City Surveillance

Critical Infrastructure

Education

Hospitality & Entertainment

Manufacturing

Defense & Border Security

Retail

Traffic Management

Transportation & Logistics

Others

VideAnalytics, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa