Video Analytics Market is accounted for $2.95 billion and is expected to reach $15.26 billion by 2026 growing at a CAGR of 20.0%. Some of the key factors influencing the market growth include falling prices of video surveillance equipment, growing inclination toward advanced technologies, rise in smart cities expenditure by governments and growing application of video analytics for reducing crime rates. However, privacy issues and high investments in legacy installations are restricting the market growth.
Analytics have enabled the users to influence specific data insights into actionable intelligence for a variety of functions. The analytic programs also support analog, IP and megapixel cameras, and can be integrated within the hardware components. The addition reduces the need for extra hardware, thus making the implementation cost-effective. It enables the industries to detect the anomalies involuntarily and track the system on a real-time basis. Video analytics provides object identification, facial recognition, object detection, and perimeter intrusion detection.
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By deployment, the cloud segment held significant market share during the predicted period. The cloud deployment of video analytics solutions offers a variety of benefits, such as improved security, enhanced scalability, improved flexibility, and lower costs. It provides the choice of scalability, while enterprises that are more concerned about security tend to opt for the private cloud deployment type. By Geography, North America is expected to hold the largest market share during the forecast period, owing to the large presence of key industry players. As organizations are shifting to new and upgraded technologies with the rising acceptance of digital business strategies.
Some of the key players in the global Video Analytics market include IBM, Honeywell, Cisco Systems, Gorilla Technology, Axis Communications, Aventura, Puretech Systems, 3VR, Intelligent Security Systems, Allgovision, Intuvision, Digital Barriers, Delopt, Agent VI, Briefcam, Qognify, Kiwisecurity, Ipsotek, Verint and Iomniscient.
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Deployments Covered:
Cloud
On-Premises
Types Covered:
Services
Software
Applications Covered:
Facial Recognition & Detection
Traffic Monitoring
Intrusion Management
Automatic Number Plate Recognition
People/Crowd Counting
License Plate Recognition
Motion Detection
Video Indexing
Incident Detection
Other Applications
End Users Covered:
Logistics and Transportation
Retail and Consumer Goods
Manufacturing
Education
Traffic Management
Defense and Border Security
Hospitality and Entertainment
Critical Infrastructure
Banking, Financial Services, and Insurance
City Surveillance
Government
Energy & Utilities
Healthcare
Residential
Commercial and Industrial
Other End Users
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Major Points Covered in Table of Contents:
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Futuristic Market Scenario
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Video Analytics Market, By Deployment
5.1 Introduction
5.2 Cloud
5.3 On-Premises
6 Global Video Analytics Market, By End User
6.1 Introduction
6.2 Logistics and Transportation
6.3 Retail and Consumer Goods
6.4 Manufacturing
6.5 Education
6.6 Traffic Management
6.7 Defense and Border Security
6.8 Hospitality and Entertainment
6.9 Critical Infrastructure
6.10 Banking, Financial Services, and Insurance
6.11 City Surveillance
6.12 Government
6.13 Energy & Utilities
6.14 Healthcare
6.15 Residential
6.16 Commercial and Industrial
6.17 Other End Users
7 Global Video Analytics Market, By Type
7.1 Introduction
7.2 Services
7.2.1 Professional Services
7.2.2 Managed Services
7.3 Software
8 Global Video Analytics Market, By Application
8.1 Introduction
8.2 Facial Recognition & Detection
8.3 Intrusion Management
8.4 Automatic Number Plate Recognition
8.5 People/Crowd Counting
8.6 License Plate Recognition
8.7 Motion Detection
8.8 Video Indexing
8.9 Incident Detection
8.10 Other Applications
9 Global Video Analytics Market, By Geography
9.1 Introduction
9.2 North America
9.3 Europe
9.4 Asia Pacific
9.5 South America
9.6 Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
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