Global Video Analytics

Global Video Analytics Market Research Report: Forecast (2021-2026)

By Component (Service, Software), By Deployment (On-Premises, Cloud), By Application (Incident Detection, Intrusion Management, People/Crowd Counting, Traffic Monitoring, ANPR, Facial Recognition, Oth Read more

  • ICT & Electronics
  • Aug 2021
  • 250
  • IT10204

Video analytics is beneficial for monitoring video streams in near real-time. While video monitoring, video analytics helps analyze the events or specific behavior patterns in a monitored environment, thereby enabling users to analyze insights obtained from the data and make smart and better decisions.

According to MarkNtel Advisors, the Global Video Analytics Market is likely to witness around 23.3% CAGR during the forecast period, i.e., 2021-26. The market growth primarily attributes to the surging adoption of Video Analytics, which owes to its ability to identify real-time actions, helping end-users get valuable insights & alerts, coupled with the burgeoning security & safety concerns.

Additionally, a burgeoning trend of constructing smart cities shall also lead to spur the installation of video analytics solutions, thereby propelling the market growth across the globe, further states the research report, “Global Video Analytics Market Analysis, 2021.”

Report Coverage Details
Study Period Historical Data: 2016-19
Base Year: 2020
Forecast Period: 2021-26
CAGR 23.3%
Regions Covered North America: USA, Canada, Mexico
Europe: Germany, The UK, France, Spain, Italy
Asia-Pacific: China, India, Japan, South Korea, Australia
South America: Brazil
Middle East & Africa: UAE, Saudi Arabia, South Africa
Key Companies Profiled 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
Unit Denominations USD Million/Billion

 

Global Video Analytics Market Growth Spurred Amidst COVID-19

The COVID-19 crises have rapidly shifted consumers' focus on public safety & security. Hence, the demand for installing Video Analytics across hospitals, retail shops, & other public sites increased for contact tracing, physical distancing management, and face mask detection amid the pandemic.

Further, the need for installing video analytics in organizations is increasing significantly to adhere to the public safety norms relating to physical distancing, face masking, building occupancy, and sanitation. Hence, the demand for video analytics is likely to grow and fuel the overall market growth in the post COVID situation, too.

Global Video Analytics Market Research Report: Forecast (2021-2026)

Market Segmentation

People/Crowd Counting to Dominate the Global Video Analytics Market During 2021-26

Based on the Application, the market bifurcates into Incident Detection, Intrusion Management, People/Crowd Counting, Traffic Monitoring, ANPR, Facial Recognition, and Others, including AR and Ego-Motion Estimation. Of them all, People/Crowd Counting is more likely to dominate the market during 2021-26. The counting & management of people is a tedious task for police departments or government at any event. In such cases, the integration of surveillance systems and video analytics provides real-time alerts in critical situations. Also, it helps identify suspicious activities & patterns of the crowd. Hence, these factors are likely to lead the segment to attain the dominant share and boost the market in the coming years, states MarkNtel Advisors in their research report, “Global Video Analytics Market Analysis, 2021.”  

Software Segment Held the Largest Share of Global Video Analytics Market

Based on the Component, the market divides into Software & Services. Of both, Software acquired the largest share in the Global Video Analytics Market in the previous few years. The segment growth owes to the increasing implementation of video analytics software across various public & private organizations. Additionally, the surging requirement for situational insights is another crucial aspect that led the segment to attain the largest market share.

Regional Landscape

North America Attained the Largest Market Share 

Geographically, North America dominated the Global Video Analytics Market in the previous few years due to rapidly expanding end-user industries in the region. Furthermore, the growing consumer consciousness regarding safety & security is also responsible for augmenting the demand for video analytics in North America. Additionally, the launch of innovative technologies and the abundant presence of leading market players like Cisco in the region are other key aspects that accelerated the regional market.

Market Drivers

Rising Security Concerns to Boost the Global Video Analytics Market

The demand for video analytics is increasing significantly, mainly due to the rising security concerns & need for security products. The mounting adoption of video surveillance and the proven ability of video analytics technology in safety & security sectors are the prime aspects likely to drive the Global Video Analytics Market in the forecast years. The various benefits of video analytics, including motion detection, facial recognition, intrusion detection, & traffic management, shall augment the demand for video analytics, thereby boosting the overall market in the coming years.

Market Challenges

High Cost & Rising Privacy Concerns May Impede the Market Growth

The excessively high price associated with the initial installments and maintenance of video analytics negatively impacts their sales. Also, large-scale video analytics integrates with massive infrastructure and databases to offer proper insights. Therefore, the lack of necessary infrastructure is another hindrance to market growth. Besides, privacy issues and high investments required to increase the network capacity are other aspects that could hamper the market growth.

Competitive Landscape

According to MarkNtel Advisors, the leading industry players in the Global Video Analytics market are 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, and Bosch Security.

Key Questions Answered in the Market Research Report:

  1. What are the overall market statistics or estimates (Market Overview, Market Size- by Value, Forecast Numbers, Market Segmentation, and Market Shares) of the Global Video Analytics Market?
  2. What are the region-wise industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Video Analytics Market? 
  4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Global Video Analytics Market based on a competitive benchmarking matrix?
  5. What are the key results derived from the market surveys conducted during the Global Video Analytics Market study?

Market Outlook, Segmentation, and Statistics 

  • Impact of COVID-19 on Global Video Analytics Market
  • Market Size & Analysis
    • By Revenue
  • Market Share & Analysis
    • 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
      • Middle East & Africa
      • Asia-Pacific
    • By Competitors
      • Competition Characteristics
      • Market Share & Analysis
      • Competitive Metrix
  • Global Video Analytics Market Hotspots & Opportunities
  • Global Video Analytics Market Regulations & Policy
  • Key Strategic Imperatives for Success and Growth
  • Global Competition Outlook
    • Competition Matrix
    • Company Profile

Frequently Asked Questions

A. The Global Video Analytics Market is forecast to grow at a CAGR of 23.3% during 2021-26.

A. 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 are a few of the leading players in the Global Video Analytics Market.

A. The Software segment is likely to attain the highest CAGR and maintain its significant market share during the forecast period.

A. North America continues to grow at the highest CAGR during 2021-26, thereby presenting immense opportunities to market players of the Global Video Analytics Market.

A. The increasing adoption of advanced video surveillance solutions, rising concern regarding security & safety, and rapid expansion of smart city growth are the major factors fueling the market growth.

A. The outbreak of the COVID-19 pandemic has positively impacted the growth of the Global Video Analytics Market, owing principally to the rising security concerns and surging need for security products.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Definition
  2. Executive Summary
  3. Impact of COVID-19 on Global Video Analytics Market
  4. Global Video Analytics Market Regulations & Policy
  5. Global Video Analytics Market Trends & Insights
  6. Global Video Analytics Market Dynamics
    1. Drivers
    2. Challenges
    3. Impact Analysis
  7. Global Video Analytics Market Hotspots & Opportunities
  8. Global Video Analytics Market Value Chain Analysis
  9. Global Video Analytics Market Start-Up Ecosystem, 2016-2021
    1. Entrepreneurial Activity
    2. Year on Year Funding Received
    3. Funding Received by Top Companies
    4. Key Investors Active in the Market
    5. Series Wise Funding Received
      1. Seed Funding
      2. Angel Investing
      3. Venture Capitalists (VC) Funding
      4. Others
  10. Global Video Analytics Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Component
        1. Service
        2. Software
      2. By Deployment
        1. On-Premises
        2. Cloud
      3. By Application
        1. Incident Detection
        2. Intrusion Management
        3. People/Crowd Counting
        4. Traffic Monitoring
        5. ANPR
        6. Facial Recognition
        7. Others (AR and Ego-Motion Estimation)
      4. By Type
        1. Edged-Based
        2. Server-Based
      5. By Vertical
        1. Banking, Financial Services, and Insurance (BFSI)
        2. City Surveillance
        3. Critical Infrastructure
        4. Education
        5. Hospitality and Entertainment
        6. Manufacturing
        7. Defense and Border Security
        8. Retail
        9. Traffic Management
        10. Transportation and Logistics
        11. Others (Healthcare and Life Sciences, and Construction)
      6. By Region
        1. North America
        2. South America
        3. Europe
        4. Asia Pacific
        5. Middle East and Africa
      7. By Competitors
        1. Competition Characteristics
        2. Market Share & Analysis
        3. Competitive Matrix
  11. North America Video Analytics Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Component
      2. By Deployment
      3. By Application
      4. By Type
      5. By Vertical
      6. By Country
        1. The U.S.
        2. Canada
        3. Mexico
    3. The U.S. Video Analytics Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
      3. By Component
      4. By Application
      5. By Vertical
    4. Canada Video Analytics Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Component
        2. By Application
        3. By Vertical
    5. Mexico Video Analytics Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Component
        2. By Application
        3. By Vertical
  12. South America Video Analytics Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Component
      2. By Deployment
      3. By Application
      4. By Type
      5. By Vertical
      6. By Country
        1. Brazil
    3. Brazil Video Analytics Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Component
        2. By Application
        3. By Vertical
  13. Europe Video Analytics Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Component
      2. By Deployment
      3. By Application
      4. By Type
      5. By Vertical
      6. By Country
        1. The U.K.
        2. Germany
        3. France
        4. Spain
        5. Italy
        6. Other
    3. The U.K. Video Analytics Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Component
        2. By Application
        3. By Vertical
    4. Germany Video Analytics Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Component
        2. By Application
        3. By Vertical
    5. France Video Analytics Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Component
        2. By Application
        3. By Vertical
    6. Spain Video Analytics Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Component
        2. By Application
        3. By Vertical
    7. Italy Video Analytics Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Component
        2. By Application
        3. By Vertical
  14. Asia-Pacific Video Analytics Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Component
      2. By Deployment
      3. By Application
      4. By Type
      5. By Vertical
      6. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Australia
        6. Others
    3. China Video Analytics Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Component
        2. By Application
        3. By Vertical
    4. India Video Analytics Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Component
        2. By Application
        3. By Vertical
    5. Japan Video Analytics Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Component
        2. By Application
        3. By Vertical
    6. South Korea Video Analytics Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Component
        2. By Application
        3. By Vertical
    7. Australia Video Analytics Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Component
        2. By Application
        3. By Vertical
  15. Middle East and Africa Video Analytics Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Component
      2. By Deployment
      3. By Application
      4. By Type
      5. By Vertical
      6. By Country
        1. UAE
        2. Saudi Arabia
        3. South Africa
        4. Others
    3. UAE Video Analytics Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Component
        2. By Application
        3. By Vertical
    4. Saudi Arabia Video Analytics Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Component
        2. By Application
        3. By Vertical
    5. South Africa Video Analytics Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Component
        2. By Application
        3. By Vertical
  16. Global Video Analytics Market Key Strategic Imperatives for Success and Growth
  17. Competition Outlook
    1. Competition Matrix
      1. Brand Specialization
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profiles
      1. Avigilon
      2. Cisco
      3. Axis Communications
      4. Agent VI
      5. AllGoVision
      6. Aventura Systems
      7. Genetec
      8. i2V
      9. IntelliVision
      10. intuVision
      11. PureTech Systems
      12. Qognify
      13. Honeywell
      14. IBM
      15. iOmniscient
      16. BriefCam
      17. Digital Barriers
      18. IPSOTEK
      19. Gorilla Technology
      20. Bosch Security
  18. Disclaimer
Video Analytics Market Segmentation