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Global Video Analytics Market: By Component Type: Software, Services; By Type: Service Based, EDGE Based; By Deployment Type: Cloud, On Premise; By Application; By End Use; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Video Analytics Market Outlook
The global video analytics market is projected to grow at a CAGR of 21% between 2021 and 2026, to reach USD 23.5 billion by 2026.
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Advancements in Technology to Propel the Market Growth of Video Analytics
To get a competitive advantage and adapt to the shifts in the needs of end consumers, business vendors are continually seeking to develop their product offerings. Therefore, they use emerging technology combined with video analytics applications, such as artificial intelligence, deep learning, and machine learning. Video analytics industry leaders are developing advanced video analytics tools focused on artificial intelligence that provide autonomous means of tracking and optimizing real-time video content processing. In addition, the use of these advanced video analytics applications will deliver a substantial improvement in accuracy and a substantial reduction of false alarms, which are aiding the market growth. Machine learning can further assist in the explicit recognition of photographs and multiple object types. Thus, both of these influences are jointly contributing to business expansion.
Video Analytics: Market Segmentation
Video analytics refers to software that is used for near real-time analysis of video sources. While watching the images, the program detects characteristics, activities, or patterns of unique activity through video analysis of controlled environments. The software can produce automated warnings and can enable forensic review of historical records.
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By component type, the market is divided into:
- Software
- Services
Based on type, the market segmented into:
- Service Based
- EDGE Based
Based on deployment type, the market segmented into:
- Cloud
- On Premise
On the basis of application, the market is divided into:
- Incident Detection
- Intrusion Management
- People/Crowd Counting
- Traffic Monitoring
- Automatic Number Plate Recognition
- Facial Recognition
- Others
Based on end-use, the market is segmented into:
- Education
- Retail
- Government
- Critical Infrastructure
- Transportation
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Growing Demand for IP-Based Security Cameras to Boost the Video Analytics Industry
Video management systems have been witnessing an increased demand for IP-based monitoring systems, high-resolution Internet cameras and network video recorders in recent years. The rise in IP-based security is motivated by an increase in IP infrastructure, an increase in telephony density, and the need for remote access. Market vendors are, therefore expanding their product offerings with IP-based surveillance cameras providing advanced video analytics features. Remote connectivity, smart data capture, tracking blocking emergency exits or queue alerts, intrusion prevention, crowd control, and facial recognition are the advantages of IP-based surveillance cameras along with video analytics. Nowadays, the retail industry has adopted IP-based surveillance cameras to monitor demographic behavioral analytics. Thus, the market for video analytics solutions is motivated by a growth in the deployment of IP-based surveillance cameras across multiple business sectors.
Key Industry Players in the Global Video Analytics Market
The report gives a detailed analysis of the following key players in the global video analytics market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Axis Communications AB
- Honeywell International Inc
- Bosch Sicherheitssysteme GmbH
- Avigilon Corporation
- Cisco Systems Inc.
- IBM Corporation
- Genetec Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Component Type, Type, Deployment Type, Application, End Use, Region |
| Breakup by Component Type | Software, Services |
| Breakup by Type | Service Based, EDGE Based |
| Breakup by Deployment Type | Cloud, On Premise |
| Breakup by Application | Incident Detection, Intrusion Management, People/Crowd Counting, Traffic Monitoring, Automatic Number Plate Recognition, Facial Recognition, Others |
| Breakup by End Use | Education, Retail, Government, Critical Infrastructure, Transportation, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Axis Communications AB, Honeywell International Inc, Bosch Sicherheitssysteme GmbH, Avigilon Corporation, Cisco Systems Inc., IBM Corporation, Genetec Inc., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Video Analytics Market Analysis
8.1 Key Industry Highlights
8.2 Global Video Analytics Historical Market (2018-2022)
8.3 Global Video Analytics Market Forecast (2023-2028)
8.4 Global Video Analytics Market by Component Type
8.4.1 Software
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Services
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Video Analytics Market by Type
8.5.1 Service Based
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 EDGE Based
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Video Analytics Market by Deployment Type
8.6.1 Cloud
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 On Premise
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.7 Global Video Analytics Market by Application
8.7.1 Incident Detection
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Intrusion Management
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 People/Crowd Counting
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Traffic Monitoring
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Automatic Number Plate Recognition
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
8.7.6 Facial Recognition
8.7.6.1 Market Share
8.7.6.2 Historical Trend (2018-2022)
8.7.6.3 Forecast Trend (2023-2028)
8.7.7 Others
8.8 Global Video Analytics Market by End Use
8.8.1 Education
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Retail
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 Government
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2022)
8.8.3.3 Forecast Trend (2023-2028)
8.8.4 Critical Infrastructure
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2022)
8.8.4.3 Forecast Trend (2023-2028)
8.8.5 Transportation
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2022)
8.8.5.3 Forecast Trend (2023-2028)
8.8.6 Others
8.9 Global Video Analytics Market by Region
8.9.1 North America
8.9.1.1 Market Share
8.9.1.2 Historical Trend (2018-2022)
8.9.1.3 Forecast Trend (2023-2028)
8.9.2 Europe
8.9.2.1 Market Share
8.9.2.2 Historical Trend (2018-2022)
8.9.2.3 Forecast Trend (2023-2028)
8.9.3 Asia Pacific
8.9.3.1 Market Share
8.9.3.2 Historical Trend (2018-2022)
8.9.3.3 Forecast Trend (2023-2028)
8.9.4 Latin America
8.9.4.1 Market Share
8.9.4.2 Historical Trend (2018-2022)
8.9.4.3 Forecast Trend (2023-2028)
8.9.5 Middle East and Africa
8.9.5.1 Market Share
8.9.5.2 Historical Trend (2018-2022)
8.9.5.3 Forecast Trend (2023-2028)
9 North America Video Analytics Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Video Analytics Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Video Analytics Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Video Analytics Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Video Analytics Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Axis Communications AB
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Honeywell International Inc
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Bosch Sicherheitssysteme GmbH
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Avigilon Corporation
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Cisco Systems Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 IBM Corporation
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Genetec Inc.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Video Analytics Market: Key Industry Highlights, 2018 and 2028
2. Global Video Analytics Historical Market: Breakup by Component Type (USD Billion), 2018-2022
3. Global Video Analytics Market Forecast: Breakup by Component Type (USD Billion), 2023-2028
4. Global Video Analytics Historical Market: Breakup by Type (USD Billion), 2018-2022
5. Global Video Analytics Market Forecast: Breakup by Type (USD Billion), 2023-2028
6. Global Video Analytics Historical Market: Breakup by Deployment Type (USD Billion), 2018-2022
7. Global Video Analytics Market Forecast: Breakup by Deployment Type (USD Billion), 2023-2028
8. Global Video Analytics Historical Market: Breakup by Application (USD Billion), 2018-2022
9. Global Video Analytics Market Forecast: Breakup by Application (USD Billion), 2023-2028
10. Global Video Analytics Historical Market: Breakup by End Use (USD Billion), 2018-2022
11. Global Video Analytics Market Forecast: Breakup by End Use (USD Billion), 2023-2028
12. Global Video Analytics Historical Market: Breakup by Region (USD Billion), 2018-2022
13. Global Video Analytics Market Forecast: Breakup by Region (USD Billion), 2023-2028
14. North America Video Analytics Historical Market: Breakup by Country (USD Billion), 2018-2022
15. North America Video Analytics Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Europe Video Analytics Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Europe Video Analytics Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Asia Pacific Video Analytics Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Asia Pacific Video Analytics Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Latin America Video Analytics Historical Market: Breakup by Country (USD Billion), 2018-2022
21. Latin America Video Analytics Market Forecast: Breakup by Country (USD Billion), 2023-2028
22. Middle East and Africa Video Analytics Historical Market: Breakup by Country (USD Billion), 2018-2022
23. Middle East and Africa Video Analytics Market Forecast: Breakup by Country (USD Billion), 2023-2028
24. Global Video Analytics Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 21% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 23.5 billion by 2026.
The major drivers of the market include the rising population, growing urbanisation, and advancements in technology.
Growing demand for IP-based security cameras is the key industry trend propelling the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The component types include software and services.
The types can be divided into service based and EDGE based.
The deployment type include cloud and on premise.
It finds applications in incident detection, intrusion management, people/crowd counting, traffic monitoring, automatic number plate recognition, facial recognition, and others.
The end-use sectors include education, retail, government, critical infrastructure, transportation, and others.
The major players in the industry are Axis Communications AB, Honeywell International Inc., Bosch Sicherheitssysteme GmbH, Avigilon Corporation, Cisco Systems Inc., IBM Corporation, and Genetec Inc., among others.
Analyst Review
The global video analytics market is likely to be aided by the growing demand for IP-based security cameras. The market is expected to further grow at a CAGR of 21% in the forecast period of 2023-2028 to reach USD 23.5 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By component type, the market is divided into software and services. Based on type, the market can be segmented into service based and EDGE based. Based on deployment type, the market is segmented into cloud and on premise. On the basis of application, the market is divided into incident detection, intrusion management, people/crowd counting, traffic monitoring, automatic number plate recognition, facial recognition, and others. Based on end-use, the market is segmented into education, retail, government, critical infrastructure, transportation, and others. The major regional markets for video analytics are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Axis Communications AB, Honeywell International Inc., Bosch Sicherheitssysteme GmbH, Avigilon Corporation, Cisco Systems Inc., IBM Corporation, and Genetec Inc., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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