Top 7 Companies with an Established Presence in the Global Video Analytics Market

Axis Communications AB, Honeywell International Inc, Bosch Sicherheitssysteme GmbH, Avigilon Corporation, Cisco Systems Inc., IBM Corporation, and Genetec Inc., among others, are the significant players in the global market for video analytics.

As per the analysis by Expert Market Research, the global video analytics market is expected to grow at a CAGR of 21% between 2022 and 2027, driven by the growing demand for IP-based security cameras.

Software that analyses video sources in close to real-time is referred to as video analytics. Through video analysis of controlled surroundings, the programme scans the images for traits, behaviours, or patterns of distinctive activity.

Businesses strive to expand their product lines in order to maintain a competitive advantage and meet end-customer expectations. As a result, they employ cutting-edge technology like machine learning (MI), deep learning, and artificial intelligence (AI).

Machine learning may help improve explicit photo recognition. High-resolution IP cameras and network video recorders have seen an increase in popularity over the past several years. IP-based security has expanded as a result of increased telephony density and the demand for remote access. As a result, market vendors are introducing IP-based security cameras with advanced video analytics capabilities.

The advantages of IP-based security cameras and video analytics include remote connection, intelligent data collection, intrusion prevention, crowd control, and facial recognition. Behavioural analytics are currently measured by retailers utilising IP-based security cameras. Thus, the rise in IP-based security cameras is encouraging the growth of the video analytics market.

As the largest market for video analytics, North America is home to many big companies that provide cutting-edge video analytics solutions. One of the key companies in the North American market for video analytics is Honeywell International, Inc. The market in North America is driven by rising need for business intelligence and technologically advanced public safety infrastructure.

However, due to the rising trend of implementing video analytics in many sectors, including the retail and public sector, as well as the transportation industry, Asia Pacific is anticipated to see a significant growth rate over the market forecast period for video analytics.

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Top 7 Global Video Analytics Companies:

Axis Communications AB

Axis Communications AB is a Swedish company that manufactures network cameras for the physical security and video surveillance markets. Axis provides solutions for video surveillance, access control, intercom, and audio systems as a pioneer in network technology. They leverage software for intelligent analytics and are supported by excellent training.

Honeywell International Inc

A publicly traded American multinational firm, Honeywell International Inc. is headquartered in Charlotte, North Carolina. Aircraft, building technologies, safety and productivity solutions (SPS), performance materials and technology (PMT) make up its main business sectors.

Bosch Sicherheitssysteme GmbH

The sole owner of Bosch Building Technologies is Robert Bosch GmbH. Bosch Building Technologies is a global market leader in the provision of security and communication systems and equipment. In addition, Bosch offers integrated services and products in eight nations for building automation, energy efficiency, and security.

Avigilon Corporation

Avigilon is a Canadian division of Motorola Systems that specialises in the design, development, and production of advanced video analytics solutions and artificial intelligence (AI), along with security cameras, network video management software and hardware, and access control solutions. They are used in over 120 countries and in many different locations throughout the world, including transit hubs, casinos, stadiums, retail spaces, and schools.

CISCO Systems Inc.

Cisco Systems, Inc. is a Fortune 500 technology company based in the United States. Cisco develops, produces, and markets networking hardware, software, telecommunications hardware, as well as several other cutting-edge services and goods. Additionally, through its numerous acquisitions, including OpenDNS, Webex, Jabber, and Jasper, Cisco focuses on particular technology areas, such as the Internet of Things (IoT), domain security, and energy management.

IBM Corporation

IBM is a global technology firm based in Armonk, New York, with over 170 sites. IBM develops and sells computer software, hardware, middleware, hosting, and consulting services for everything from mainframes to nanotechnology. IBM was responsible for the development of the relational database, the hard drive, the SQL programming language, the floppy disc, the magnetic stripe card, the UPC barcode, the automated teller machine (ATM), and dynamic random-access memory.

Genetec Inc.

Genetec is a pioneer in the creation of open-platform hardware, software, and cloud-based services for the markets of public security and physical security. In a single platform, Security Center, the company's main product, combines IP-based video surveillance, access management, and automated licence plate recognition (ALPR). They are a market leader in business intelligence, unified physical security, public safety, and operations.