Video Analytics Market Size 2028 Value Projection: 21.99Bn at 22.1% CAGR Driven by IP-Based Security Systems, 50+ Companies Scrutinized in New Research Report Published by The Insight Partners
NEW YORK, June 22, 2022 /PRNewswire/ -- The Insight Partners published latest research study on "Video Analytics Market Size, Share, Revenue, Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Solution and Service), Deployment (On Premise and Cloud based), Application (Crowd Management, Facial Recognition, Intrusion Detection, License Plate Recognition, Motion Detection, and Others), and Vertical (BFSI, Education, Hospitality and Entertainment, Manufacturing, Defense and Border Security, Retail, Transportation and Logistics, and Others)", the global video analytics market size was valued at $6.62 billion in 2022 and is projected to reach $21.99 billion by 2028; it is expected to grow at a CAGR of 22.1% from 2022 to 2028.
Get Exclusive Access to Sample Pages of Video Analytics Market Size - COVID-19 Impact and Global Analysis with Strategic Insights at: https://www.theinsightpartners.com/sample/TIPTE100000276/
Video Analytics Market Strategic Insights:
Video Analytics Market: Competitive Landscape and Key Developments
Avigilon Corporation; AXIS COMMUNICATIONS; Agent Video Intelligence Ltd.; Honeywell International Inc.; AllGoVision Technologies Pvt. Ltd; Hangzhou Hikvision Digital Technology Co., Ltd.; Dahua Technology Co., Ltd.; Huawei Technologies Co., Ltd.; NEC Corporation; and BriefCam are among the key players profiled during the video analytics market study. In addition to these players, several other essential market players were also studied and analyzed to get a holistic view of the global video analytics market and its ecosystem.
Place Your Inquiry Before Buying: https://www.theinsightpartners.com/inquiry/TIPTE100000276/
In 2021, Agent Vi partnered with Axis to offer end-to-end intelligent video surveillance solutions for real-time event detections and alerts, video investigation, and business intelligence applications.
Video Analytics Market: Key Insights
The video analytics market growth driven by the growing adoption of IP-based security systems and development of advanced systems for precision monitoring, integration of real time technologies. The US, UK, India, South Africa, and Brazil are the countries are registering a high growth rate during the forecast period.
Major companies in the video analytics market are continuously improving their offerings to gain a competitive advantage and meet the changing needs of end users. As a result, they are combining modern technologies such as artificial intelligence, deep learning, and machine learning with video analytics software. Furthermore, powerful AI-based video analytics solutions provided by market players provide an autonomous way to monitor and improve video content analysis in real-time. Sprint, for instance, released "Curiosity Smart Video Analytics" in August 2019, combining technologies from Hitachi Vantara and Ericsson. Furthermore, integrating these advanced technologies in video analytics can result in a considerable increase in accuracy and a significant reduction in false alarms, which has been a weakness of video analytics in surveillance. Machine learning may also assist in the proper classification of photos and various objects. Thus, the integration of advanced technologies is introducing new trends in the market
Connect with Our Research Analyst On: https://www.theinsightpartners.com/speak-to-analyst/TIPTE100000276
The current economic slowdown in Europe highlights the necessity for alternative business methods. Cloud computing, supporting migration to cloud-based video analytics solutions, has become critical for European enterprises, assisting them in maintaining a stable business situation in the short term while aiming for long-term growth and expansion. Due to the COVID-19 pandemic, enterprises started prioritizing employee wellness and security. Furthermore, intuitive technologies such as AI-based surveillance systems enabled with deep learning and computer vision capabilities emerged due to the COVID-19 pandemic. European organizations use video analytics solutions for different reasons, including dynamic situational awareness, proactive real-time alerts, and BI dashboard scheduling. Thus, the COVID-19 pandemic triggered developments in the European video analytics market, which created market growth during the COVID-19 pandemic.
Development of Advanced Systems for Precision Monitoring to Boost Video Analytics Market Growth:
The rising availability of cameras with high resolutions, such as 4K or 8K, allows businesses to perform more precise and sophisticated video analyses. High resolutions aid in correctly identifying and analyzing objects/people in crowds, triggering alerts when particular circumstances are ticked. These high-resolution cameras can filter and search videos, extracting insights from video information. Due to high resolution, improved vision angle, sustainability, and technology compatibility, high-definition (HD) cameras are increasingly used in the security business. Furthermore, higher pixel characteristics provide superior digital zoom capabilities to improve long-range vision, thereby favoring the detailed analysis of the behavior of people, crowds, and vehicles in the video analytics market growth.
Avail Lucrative DISCOUNTS on "Video Analytics Market" Research Report: https://www.theinsightpartners.com/discount/TIPTE100000276/
Video Analytics Market: Sector Overview
The video analytics market analysis, based on vertical, is segmented into BFSI, hospitality and entertainment, education, manufacturing, defense and border security, retail, transportation and logistics, and others. The defense and border security segment led the market in 2021. Biometrics and border patrol cameras will play a key role as the US continues to beef up security at border crossings, airports, and other entry points.
Fingerprints and other forms of direct touch will become the final identifiers of individuals. The efficiency of the fingerprint database is now restricted by the database's size and the difficulty of getting fingerprints in bulk. Consequently, customs officials do most of the identification using face recognition and photo matching. For instance, Thales specialized in border surveillance, integrating capturing technology, data transport and processing, and human organization. Thales's solutions are tailored to each situation, maximizing resources for improved border protection, which leads to the growth of the market.
Buy Premium Copy of Video Analytics Market Size, Share, Revenue, Strategic Insights and Forecasts 2022-2028 Research Report at: https://www.theinsightpartners.com/buy/TIPTE100000276/
Browse Adjoining Reports:
Video Management Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Technology (Analog-Based, IP-Based, Hybrid); Solution (Video Analytics, Custom Application Management, Storage Management, Data Integration, Navigation Management, Intelligent Streaming, Security Management, Others); Industry Vertical (IT and Telecom, BFSI, Retail, Transportation and Logistics, Energy and Utility, Others) and Geography
AI-powered Video Analytics Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Software, Services); Deployment (On-premises, Cloud); Enterprise Size (SMEs, Large Enterprise); Application (Transportation, Infrastructure, Retail, Enterprise, Others) and Geography
Emotion Analytics Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Type (Speech Analytics, Facial Analytics, Video Analytics, Others); End User (Industrial, Commercial, Government, Others) and Geography
Live Streaming Video Platform Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Video Analytics, Video Hosting, Video Content Management, Mobile Video, Live Steaming, Others); Application (Video Sharing, Commercial Video platforms, Others); End User (Individual, Content Creator, Brand and Enterprises) and Geography
Geospatial Imagery Analytics Market to 2028 – COVID-19 Impact and Global Analysis – by Analytics Type (Image Analytics, Video Analytics); Collection Medium (Geographic Information System (GIS), Satellite Imagery, Unmanned Aerial Vehicle); Industry Vertical (Energy, Engineering and Construction, Defense and Security, Environmental Monitoring, Agriculture and Forestry, Transportation, Others) and Geography
Online Video Platform Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Solution, Services); Type (Video Processing, Video Analytics); Streaming Type (Live Streaming, Video On Demand); End User (Media and Entertainment, Education, IT and Telecom, Retail, BFSI, Others) and Geography
Mobile Video Surveillance Market Forecast to 2028 - Covid-19 Impact and Global Analysis - By Hardware (Camera, Storage Device, Mobile Devices, Others); Software (Video Management System, Video Analytics); Service (Maintenance, Installation); End-User (Transit & Rail, Law Enforcement, First Respond)
Crowd Management and Event Security Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Component (Solution, Services); Deployment Type (Cloud, On-premises); Enterprise Size (Small and Medium-Size Enterprises, Large Enterprises); End-user (Transportation, Retail, Hospitality and Tourism, Others) and Geography
Facial Recognition Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Software, Hardware, and Services), Application (Security & Surveillance, Access Control, and Others), and Vertical (BFSI, Retail & Ecommerce, Government, Healthcare, Education, Automotive & Transportation, and Others)
Intrusion Detection Systems Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Host-Based IDS, Wireless IDS, Network-Based, IDS); Deployment (Cloud, On-premise); Industry (BFSI, IT and Telecom, Government and Defense, Healthcare, Retail and eCommerce, Manufacturing, Others) and Geography
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: [email protected]
Press Release: https://www.theinsightpartners.com/pr/video-analytics-market