Market Overview:
The global video analytics solution market is expected to grow from USD 3.02 Billion in 2018 to USD 10.01 Billion by 2030, at a CAGR of 17.5% during the forecast period. The growth of the market can be attributed to the increasing demand for security and surveillance solutions across various industries, rising adoption of video analytics solutions by small and medium businesses (SMBs), and growing need for intelligent video analysis for incident detection and investigation purposes. However, high implementation costs may restrain the growth of this market during the forecast period. Based on type, the global video analytics solution market is segmented into software and hardware. The software segment is expected to hold a larger share than the hardware segment during the forecast period.
Product Definition:
A video analytics solution is a tool that uses machine learning algorithms to automatically identify and extract insights from video footage. Video analytics can be used for a variety of purposes, including security monitoring, marketing analysis, and traffic analysis.
Software:
Software is an intellectual property of a company. It's used by different departments in a company for different purposes. The software used by the marketing department may differ from that used by the IT department and so on. In recent times, there has been an increase in demand for software as it plays a vital role in business operations and helps improve efficiency across organizations.
Hardware:
Hardware is the part of a system that can be touched and seen, but does not include software or services. In video analytics solution, hardware includes cameras & their accessories such as lenses, cables & connectors; storage devices such as USB drives or tapes; network devices such as routers & gateways; and other miscellaneous equipment.
Application Insights:
The others segment includes fraud detection, risk management, and marketing analytics applications. Incident detection is expected to be the fastest-growing application over the forecast period owing to its ability to provide real-time data on a video screen for security monitoring purposes. It also provides actionable intelligence that can be used by authorities in case of emergencies or crime situations. The crowd counting application is projected to witness considerable growth over the next six years due largely to its utility in major sports events such as NFL games and NBA games where fans are encouraged or prohibited from entering stadiums based on attendance levels.
Video analytics solutions help monitor and manage traffic conditions along with providing real-time travel information at intersections using dynamic signage systems that display vehicle speed and location using signs illuminated by LED lights attached onto traffic signals.
Regional Analysis:
North America dominated the global video analytics solution market in 2016 with a revenue share of over 35%. The growth can be attributed to the increasing adoption of security technologies across various industrial sectors. Moreover, growing government initiatives and mandates are also expected to drive demand for these systems in this region. For instance, according to the National Institute of Standards and Technology (NIST), standards pertaining to video surveillance have been developed by NIST Special Publication 800-18 entitled "Guidance for Industry Best Practices for Video Surveillance Data Collection" published in April 2014. This publication provides guidelines on data collection requirements as well as best practices regarding implementation of such systems at physical locations throughout North America.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising government initiatives aimed at improving public safety & security infrastructure through effective utilization of technology coupled with increasing investments from private companies operating within this industry vertical space (video analytics solutions market).
Growth Factors:
- Increasing demand for video analytics from retail sector for better customer experience and fraud detection
- Proliferation of smart devices and big data are providing opportunities for video analytics solution providers to tap into new markets
- Increasing demand from transportation sector for safety and security purposes
- Growing need for better understanding of consumer behavior in the digital age
- Rising concerns over terrorist threats and other security threats are driving the demand for video analytics solutions
Scope Of The Report
Report Attributes
Report Details
Report Title
Video Analytics Solution Market Research Report
By Type
Software, Hardware
By Application
Incident Detection, Intrusion Management, Crowd Counting, Traffic Monitoring, Automatic Number Plate Recognition, Facial Recognition, Others
By Companies
IBM, Intel, Honeywell, BriefCam, Verint, i2V Systems Pvt, Araani, Grekkom Technologies, Genetec, Axis Communications, Motorola Solutions(Avigilon), Ipsotek, Agent Video Intelligence, iOmniscient, CathexisVisio, Wavestore, Cisco Systems, Qognify, DELOPT
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
169
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Video Analytics Solution Market Report Segments:
The global Video Analytics Solution market is segmented on the basis of:
Types
Software, Hardware
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Incident Detection, Intrusion Management, Crowd Counting, Traffic Monitoring, Automatic Number Plate Recognition, Facial Recognition, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IBM
- Intel
- Honeywell
- BriefCam
- Verint
- i2V Systems Pvt
- Araani
- Grekkom Technologies
- Genetec
- Axis Communications
- Motorola Solutions(Avigilon)
- Ipsotek
- Agent Video Intelligence
- iOmniscient
- CathexisVisio
- Wavestore
- Cisco Systems
- Qognify
- DELOPT
Highlights of The Video Analytics Solution Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Software
- Hardware
- By Application:
- Incident Detection
- Intrusion Management
- Crowd Counting
- Traffic Monitoring
- Automatic Number Plate Recognition
- Facial Recognition
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Video Analytics Solution Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Video analytics solution is a software that helps organizations to track, analyze and report on video activity. It can be used to detect and prevent fraud, improve customer service, and optimize marketing campaigns.
Some of the key players operating in the video analytics solution market are IBM, Intel, Honeywell, BriefCam, Verint, i2V Systems Pvt, Araani, Grekkom Technologies, Genetec, Axis Communications, Motorola Solutions(Avigilon), Ipsotek, Agent Video Intelligence, iOmniscient, CathexisVisio, Wavestore, Cisco Systems, Qognify, DELOPT.
The video analytics solution market is expected to register a CAGR of 17.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Video Analytics Solution Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Video Analytics Solution Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Video Analytics Solution Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Video Analytics Solution Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Video Analytics Solution Market Size & Forecast, 2018-2028
4.5.1 Video Analytics Solution Market Size and Y-o-Y Growth
4.5.2 Video Analytics Solution Market Absolute $ Opportunity
Chapter 5 Global Video Analytics Solution Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Video Analytics Solution Market Size Forecast by Type
5.2.1 Software
5.2.2 Hardware
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Video Analytics Solution Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Video Analytics Solution Market Size Forecast by Applications
6.2.1 Incident Detection
6.2.2 Intrusion Management
6.2.3 Crowd Counting
6.2.4 Traffic Monitoring
6.2.5 Automatic Number Plate Recognition
6.2.6 Facial Recognition
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Video Analytics Solution Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Video Analytics Solution Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Video Analytics Solution Analysis and Forecast
9.1 Introduction
9.2 North America Video Analytics Solution Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Video Analytics Solution Market Size Forecast by Type
9.6.1 Software
9.6.2 Hardware
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Video Analytics Solution Market Size Forecast by Applications
9.10.1 Incident Detection
9.10.2 Intrusion Management
9.10.3 Crowd Counting
9.10.4 Traffic Monitoring
9.10.5 Automatic Number Plate Recognition
9.10.6 Facial Recognition
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Video Analytics Solution Analysis and Forecast
10.1 Introduction
10.2 Europe Video Analytics Solution Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Video Analytics Solution Market Size Forecast by Type
10.6.1 Software
10.6.2 Hardware
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Video Analytics Solution Market Size Forecast by Applications
10.10.1 Incident Detection
10.10.2 Intrusion Management
10.10.3 Crowd Counting
10.10.4 Traffic Monitoring
10.10.5 Automatic Number Plate Recognition
10.10.6 Facial Recognition
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Video Analytics Solution Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Video Analytics Solution Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Video Analytics Solution Market Size Forecast by Type
11.6.1 Software
11.6.2 Hardware
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Video Analytics Solution Market Size Forecast by Applications
11.10.1 Incident Detection
11.10.2 Intrusion Management
11.10.3 Crowd Counting
11.10.4 Traffic Monitoring
11.10.5 Automatic Number Plate Recognition
11.10.6 Facial Recognition
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Video Analytics Solution Analysis and Forecast
12.1 Introduction
12.2 Latin America Video Analytics Solution Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Video Analytics Solution Market Size Forecast by Type
12.6.1 Software
12.6.2 Hardware
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Video Analytics Solution Market Size Forecast by Applications
12.10.1 Incident Detection
12.10.2 Intrusion Management
12.10.3 Crowd Counting
12.10.4 Traffic Monitoring
12.10.5 Automatic Number Plate Recognition
12.10.6 Facial Recognition
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Video Analytics Solution Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Video Analytics Solution Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Video Analytics Solution Market Size Forecast by Type
13.6.1 Software
13.6.2 Hardware
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Video Analytics Solution Market Size Forecast by Applications
13.10.1 Incident Detection
13.10.2 Intrusion Management
13.10.3 Crowd Counting
13.10.4 Traffic Monitoring
13.10.5 Automatic Number Plate Recognition
13.10.6 Facial Recognition
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Video Analytics Solution Market: Competitive Dashboard
14.2 Global Video Analytics Solution Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IBM
14.3.2 Intel
14.3.3 Honeywell
14.3.4 BriefCam
14.3.5 Verint
14.3.6 i2V Systems Pvt
14.3.7 Araani
14.3.8 Grekkom Technologies
14.3.9 Genetec
14.3.10 Axis Communications
14.3.11 Motorola Solutions(Avigilon)
14.3.12 Ipsotek
14.3.13 Agent Video Intelligence
14.3.14 iOmniscient
14.3.15 CathexisVisio
14.3.16 Wavestore
14.3.17 Cisco Systems
14.3.18 Qognify
14.3.19 DELOPT
