Global Video Analytics Market Size, Share, Analysis, Trends Future & Forecast 2028
The Global Video Analytics Market is anticipated to witness around 23.3% CAGR during the forecast period, i.e., 2023-28. The security & surveillance sector is crucial in a variety of application areas. With the introduction of smarter & more powerful IP/network cameras, the surveillance business has undergone a paradigm shift in the previous few years. The rising adoption of VA technology is driven principally by various government initiatives across different regions worldwide for establishing a reliable infrastructure to prevent crimes & boost security awareness.
In addition, the report furnishes thorough information about the vendors, covering critical aspects such as shipments, pricing strategies, revenue generation, gross profit margins, interview records, company distribution channels, and more. These statistics provide consumers with valuable insights into the market's competitive landscape. The analysis further encompasses data on regional development, market size, volume, value, and pricing, encompassing various countries and regions.
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The primary objective of this study is to equip readers with a clear understanding of the market landscape, including segmentation, potential opportunities, significant trends, and existing challenges. The report's development involved extensive research and analysis, ensuring readers gain profound insights into the market dynamics and its potential trajectory.
The study is designed to aid in understanding the market and assist in formulating appropriate strategies for business expansion. Within the strategy study, a thorough analysis is provided for both new entrants and existing competitors in the industry under examination. This includes insights ranging from marketing channels and market positioning to future growth strategies. The study continually monitors prevailing market dynamics, such as driving and hindering forces, in addition to corporate activities such as mergers, acquisitions, and investments. It encompasses market size (value and volume), market share, growth rate, and employs a blend of qualitative and quantitative methodologies to provide projections specific to various locations or nations.
Prominent Market Segments and Key Players
In this section, a comprehensive examination of effective marketing strategies, market contributions, and recent advancements is carried out for prominent companies like Avigilon, Cisco, Axis Communications, Agent VI, AllGoVision, Aventura Systems, Genetec, i2V, IntelliVision, intuVision, PureTech Systems, Qognify, Honeywell, IBM, iOmniscient, BriefCam, Digital Barriers, IPSOTEK, Gorilla Technology, Bosch Security. Various methods and analyses are employed to ensure a detailed and reliable understanding of the market. The global Video Analytics market is divided into distinct segments, namely:
-By Component
-Service
-Software
-By Deployment
-On-Premises
-Cloud
-By Application
-Incident Detection
-Intrusion Management
-People/Crowd Counting
-Traffic Monitoring
-ANPR
-Facial Recognition
-Others (AR and Ego-Motion Estimation)
-By Type
-Edged-Based
-Server-Based
-By Vertical
-Banking, Financial Services, and Insurance (BFSI)
-City Surveillance
-Critical Infrastructure
-Education
-Hospitality and Entertainment
-Manufacturing
-Defense and Border Security
-Retail
-Traffic Management
-Transportation and Logistics
-Others (Healthcare and Life Sciences, and Construction)
-By Region
-North America
-South America
-Europe
-Asia Pacific
-Middle East and Africa
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This segmentation aids in identifying primary application areas, target market variations, specialized growth areas, and suitable marketing approaches.
Recent Developments in the Global Market
- On 5 January 2023, Bosch added Flexidome 5100i fixed cameras integrated with Deep Learning video analytics and designed for building security using IVA Pro (Intelligent Video Analytics Pro) Buildings Pack. They support reliable intrusion detection and accurate people counting in crowded areas, especially in & around buildings.
- In September 2022, Honeywell launched the latest iteration of its Pro-Watch Integrated Security Suite, Pro-Watch 6.0 & Pro-Watch Video Management System (VMS) R750, along with the 35 Series cameras that provide a greater emphasis on cybersecurity & compliance. These higher-resolution IR cameras can cover larger areas, both day & night, with smart human & vehicle motion detection to reduce false alarms.
Some of the Key Questions Answered in this Report:
- What are the growth estimates of the Global Video Analytics Market for the years 2023-28?
- Which market factors will support the formulation of client and business strategies?
- What are the significant market opportunities for each segment mentioned in the research report?
- What major market players employ the main strategies to facilitate growth?
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