Latest Market Research Updates: Video Analytics Market Analysis Report

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Video Analytics Market Size Is Likely To Triumph $9.4 Billion By 2025 | CAGR: 22.8%: Grand View Research, Inc.

San Francisco, 22 April 2019 “Video Analytics Market Size Report By Type (Software, Hardware), By Deployment (Cloud, On-premise), By Application (Intrusion Detection, Crowd Management, Facial Recognition), By End Use, And Segment Forecasts, 2018 - 2025” - According to a report by Grand View Research, Inc., global video analytics market is anticipated to value USD 9.4 billion by 2025. Growing requirement for timely alert regarding unusual and suspicious activities to reduce rising crime rate is anticipated to propel demand for video analytics. Video analytics is likely to offer multiple useful features such as enhanced reliability, improved accuracy, and cost-effectiveness, which are likely to boost its significance in business intelligence.

Increasing use of video analytics in criminal investigations to reach essential clues that can help solve complicated cases can augment market growth. Rising concerns over public safety attributed to increasing number of criminal activities can fuel growth of market. In addition, growing adoption of video analytics in retail sector for estimating display effectiveness, gender bifurcation, average footfall, retail, and healthcare can influence market growth during the forecast period (2014 to 2025).

Browse In-depth Insights On Video Analytics Market: www.grandviewresearch.com/industry-analysis/video-analytics-market

The video analytics market can be segregated on the basis of type, deployment, application, end-use, and region. Based on type, the market can be bifurcated into services and software. Both service and software are likely to offer features which can be customized according to consumer’s requirements. Software can help in detecting wide range of events including vehicles, objects, and people. It can also analyze videos from multiple sources.

Video analytics can enable detection of minute things even in low visibility and support central management of analytics in deployment that can be accessed anytime and anywhere. This access can be granted using web browser with alarms based on user-defined rules and real-time scene analysis.

Based on deployment, the market can be divided into on-premise and cloud. Cloud segment is anticipated to grow at phenomenal CAGR of 24.5% during the forecast period. Shifting focus of organizations from conventional on-premise installations to cloud deployments can augment growth of segment. Cloud segment can comprise of software as a solution (SaaS), which can enable on-demand subscription model and management of processes. This, in turn, can charge consumers based on number of subscriptions.

However, on-premise business operations are likely to be carried out on user’s company site with dedicated server. In such cases software is expected to be owned completely by the company.

Based on application, the market can be categorized into facial recognition, intrusion detection, crowd management, license plate recognition, motion detection, and others. Crowd management segment is expected to contribute for maximum growth of market attributed to increasing use of video analytics to monitor and control huge crowd at public events. Video analytics when combined with smart surveillance systems can enable critical situation alerts on real-time basis.

Based on end-use, the market can be classified into education, government, retail, transportation, critical infrastructure, city, BFSI, and others. In 2016, retail segment dominated the market and accounted for market share equivalent to USD 418.6 million. Rising demand for video analytics in retail sector is likely to fuel growth of segment during the forecast period.

On the contrary, shifting focus of end-users such as government, BFSI, transportation, city, and critical infrastructure from basic security surveillance to understanding crowd patterns and behavior of individuals can stimulate market growth.

Regional segmentation includes North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. In 2016, North America dominated the market and accounted for market share equivalent to USD 736.6 million. High prevalence of key market players is likely to fuel growth of market in the region. In addition, shifting focus of organizations on safety and security by implementing video analytics can augment market growth.

Asia Pacific region is anticipated to emerge as second largest market after North America in terms of revenue. Strong economic growth in countries such as China, India, and Indonesia can fuel market growth in the region. These economies are expected to invest in intelligent surveillance security systems to increase safety of their citizens. In addition, rising implementation of industry solutions in Japan, India, and China coupled with growing adoption of cloud-based technologies can augment market growth.

Some of the leading companies offering video analytics are IBM Corporation; Honeywell International Inc.; Cisco Systems Inc.; Agent Video Intelligence Ltd.; and Axis Communications AB.

Access More Reports Of The Same Category:
www.grandviewresearch.com/industry/electronic-security-systems-and-devices

Grand View Research has segmented the global video analytics market based on type, deployment, application, end use, and region.

Video Analytics Type Outlook (Revenue, USD Million, 2014 - 2025)

Software
Services

Video Analytics Deployment Outlook (Revenue, USD Million, 2014 - 2025)

Cloud
On-premise

Video Analytics Application Outlook (Revenue, USD Million, 2014 - 2025)

Crowd Management
Facial Recognition
Intrusion Detection
License Plate Recognition
Motion Detection
Others

Video Analytics End-use Outlook (Revenue, USD Million, 2014 - 2025)

BFSI
City
Critical Infrastructure
Education
Government
Retail
Transportation
Others

Video Analytics Regional Outlook (Revenue, USD Million, 2014 - 2025)

North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)

Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-video-analytics-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Video Analytics Market Size Worth $9.4 Billion By 2025 | Key Industry Players Cisco Systems, Inc. & Axis Communications AB

San Francisco, 12 Nov 2018 - According to a report published by Grand View Research, Inc.; the video analytics market is expected to reach a valuation of around USD 9.4 billion by 2025.

Growing concerns related to safety and security of the public and technological advancements can propel the market over the forecast period (2014 to 2025).

Rising demand for intelligent security surveillance systems to estimate the trends and deriving patterns is the crucial factor for the market growth. These systems are intended to improve reliability, accuracy, and cost-effectiveness. These systems can be used to get insights on patterns related to consumer behavior, traffic movements, and others like frequency of football at a user-defined area. Furthermore, video recording plays an important role in law procedures to gather evidence. Furthermore, these solutions are extensively used in the retail sector to estimate display effectiveness, gender bifurcation, and attractiveness of shelf space.

Access In-depth Insights On Video Analytics Market: www.grandviewresearch.com/industry-analysis/video-analytics-market

Worldwide video analytics market can be segmented on the basis of type, deployment, application, end-use, and region.

Based on type, the market can be classified into software and services. The services segment is anticipated to exhibit the highest CAGR of 24.0% during 2017 to 2025 due to increasing demand for installation of video analytics solutions.

As per deployment, the market can be categorized into cloud and on premises. The Cloud segment is expected to be the fastest growing segment and projected to display a CAGR of 24% during the forecast period. Cloud-based solutions are considered as highly scalable and can support large number of cameras by providing real-time analyses. Thus, the consumers are increasingly shifting towards the cloud applications.

On the basis of end-use, the market can be split into BFSI, city, critical infrastructure, education, government, retail, transportation, and others.

The retail segment is expected to gain the highest CAGR of 25.6% during the projected period. Growing applications such as people counting, customer preference pattern analysis, product placement and store layout, and display and promotion effectiveness are driving the growth of this segment.

As per application, the market can be fragmented into crowd management, facial recognition, license plate recognition, intrusion detection, motion detection, and others.

Facial recognition is the fastest growing segment and expected to expand with a CAGR of 25.9% during 2017 to 2025. This growth can be credited to increasing use of facial recognition solutions for surveillance at events, malls, public transport, airports, among others.

Geographically, the market can be divided into North America, Europe, Asia Pacific, Latin America, Middle East and Africa (MEA).

In 2016, North America dominated the market and valued at USD 736.6 million due to existence of the major companies in the region. Presently, the U.S. the world’s biggest consumer of video analytics. Factors such as increasing technological advancements and strong economic growth is driving the market in this country. Also, organizations in this region are adopting these solutions to improve the safety and security. Consumes in this region are increasingly chaining their preference for cloud deployment over on-premise deployments.

Asia Pacific has reported as the second largest market in terms of revenue due to robust economic growth in countries including China, Indonesia, India. These countries are extensively investing for the development of intelligent security surveillance systems in order to provide safety of their citizens. Growing implementation of industry solutions, primarily in countries including China, Japan, and India, along with high adoption of cloud-based technologies, is likely to drive the market.

Prominent players operating in the market include Cisco Systems Inc.; Agent Video Intelligence Ltd.; Honeywell International Inc.; Aventura Technologies Inc.; and Bosch Security Systems GmbH.

The market is extremely competitive and mainly dominated by the established companies in the market. The participants in the market are undertaking several strategies to gain traction in the market such as mergers and acquisitions, new product developments and partnerships and agreements. Companies are also making high investments to carried out R&D. The players are also concentrating on the development of customized products to stay ahead in the market.

Access More Reports Of The Same Category: www.grandviewresearch.com/industry/electronic-security-systems-and-devices