Video Analytics Market
Segments - by Types (Software [On-premise and Cloud] and Services), End-users (Healthcare, BFSI, Retail & Logistics, Critical Infrastructure, Hospitality and Transportation, Defense and Security, and Manufacturing), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The global video analytics market size is projected to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to increasing investments and focus of government state bodies on public safety.
Video analytics is an innovation that measures a computerized video signal utilizing a special algorithm to perform security-related issues. Fixed algorithm analytics, facial recognition systems, and artificial intelligence learning algorithms are three types of video analytics. The main goal of these components is to automatically recognize spatial and temporal events in a video. For instance, it can detect person which are not obeying traffic rules and sudden appearance of flame and smoke.
These systems perform real-time monitoring in which moving patterns, object attributes, or behaviour related to monitored environment are detected. Moreover, video analytics can also be used to analyse historical data.
Market Trends, Drivers, Restraints, and Opportunities
- Rising concerns regarding public safety and security by government organizations is expected to drive the market growth.
- Growing demand for monitoring solutions to detect or spot suspicious activities or physical threats is estimated to spur the market growth in the projected timeline.
- Increasing focus on building smart cities across globe is anticipated to spur the demand for video analytics solutions during the forecast period.
- Expansion in number of bogus alerts during bad climate or lightning conditions and high initial investments can restrain the development of the market.
- The emergence of the global health crisis due to COVID-19, government organizations are shifting for video analytics to maintain social distance norms, which is anticipated to offer lucrative opportunities for market expansion.
Scope of Video Analytics Market Report
The report on the global video analytics market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
Video Analytics Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2020 |
|
Historic Data |
2018–2019 |
|
Forecast Period |
2021–2028 |
|
Segmentation |
Types (Software [On-premise and Cloud], Services), and End-users (Healthcare, BFSI, Retail & Logistics, Critical Infrastructure, Hospitality and Transportation, Defense and Security, and Manufacturing) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
Avigilon Corporation (Motorola Solutions); Axis Communications AB; Cisco Systems Inc.; Aventura Technologies Inc.; and IBM Corporation |
Video Analytics Market Segment Insights
Software segment is expected to grow at a rapid pace
Based on types, the video analytics market is divided into software and services. The software segment is further bifurcated into cloud and on-premise. The software segment is expected to grow at a rapid pace during the forecast period. A software solution helps in automating video surveillance process and offers cost-effective benefits to end-users. However, the service segment is anticipated to hold a key share of the market in the coming years due to rising penetration of surveillance technology among small and medium businesses (SMEs).
Retail & logistics segment is projected to expand at a considerable CAGR
On the basis of end-users, the market is segregated into healthcare, BFSI, retail & logistics, critical infrastructure, hospitality and transportation, defense and security, and Manufacturing. The retail & logistics segment is projected to expand at a considerable CAGR during the forecast period on account of the rising requirement of video analytics systems to monitor consumer behaviour, selection pattern & buying tactics, and time spent by consumers.
On the other hand, the transportation segment is expected to grow at a robust rate owing to growing use of these solutions to monitor vehicle counting, congestion detection, and licence plate recognition.
North America is anticipated to hold a major market share
In terms of regions, the video analytics market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America is expected to constitute a large market share during the projected period. Prominent organizations in the region are consistently focus on developing new and innovative solutions for improving security and safeguarding public safety.
Moreover, high adoption among end-user industries and government state bodies involvement in video surveillance infrastructure development is expected to further fuel the adoption of video analytics solutions in North America. Additionally, high reception among end-user industries and local government association in video analytics foundation development is increasing the adoption of video analytics in the region.
Segments
The video analytics market has been segmented on the basis of
Types
- Software
- On-premise
- Cloud
- Services
End-users
- Healthcare
- BFSI
- Retail & Logistics
- Critical Infrastructure
- Hospitality and Transportation
- Defense and Security
- Manufacturing
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Avigilon Corporation (Motorola Solutions)
- Axis Communications AB
- Cisco Systems Inc.
- Aventura Technologies Inc.
- IBM Corporation
Competitive Landscape
Key players competing in the video analytics market are Avigilon Corporation (Motorola Solutions); Axis Communications AB; Cisco Systems Inc.; Aventura Technologies Inc.; and IBM Corporation.
Major players are focusing on modernization of video analytics tool using artificial intelligence and machine learning and also offering advanced solutions to expand their market share.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Video Analytics Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Video Analytics Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Video Analytics Market - Supply Chain
4.5. Global Video Analytics Market Forecast
4.5.1. Video Analytics Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Video Analytics Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Video Analytics Market Absolute $ Opportunity
5. Global Video Analytics Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Video Analytics Market Size and Volume Forecast by Types
5.3.1. Software Services
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Video Analytics Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Video Analytics Market Size and Volume Forecast by End Users
6.3.1. Healthcare BFSI Retail & Logistics Critical Infrastructure Hospitality and Transportation Defense and Security
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Video Analytics Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Video Analytics Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Video Analytics Demand Share Forecast, 2019-2026
8. North America Video Analytics Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Video Analytics Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Video Analytics Market Size and Volume Forecast by Types
8.4.1. Software Services
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Video Analytics Market Size and Volume Forecast by End Users
8.7.1. Healthcare BFSI Retail & Logistics Critical Infrastructure Hospitality and Transportation Defense and Security
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Video Analytics Demand Share Forecast, 2019-2026
9. Latin America Video Analytics Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Video Analytics Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Video Analytics Market Size and Volume Forecast by Types
9.4.1. Software Services
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Video Analytics Market Size and Volume Forecast by End Users
9.7.1. Healthcare BFSI Retail & Logistics Critical Infrastructure Hospitality and Transportation Defense and Security
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Video Analytics Demand Share Forecast, 2019-2026
10. Europe Video Analytics Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Video Analytics Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
10.4. Europe Video Analytics Market Size and Volume Forecast by Types
10.4.1. Software Services
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Video Analytics Market Size and Volume Forecast by End Users
10.7.1. Healthcare BFSI Retail & Logistics Critical Infrastructure Hospitality and Transportation Defense and Security
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Video Analytics Demand Share Forecast, 2019-2026
11. Asia Pacific Video Analytics Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Video Analytics Market Size and Volume 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. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Video Analytics Market Size and Volume Forecast by Types
11.4.1. Software Services
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Video Analytics Market Size and Volume Forecast by End Users
11.7.1. Healthcare BFSI Retail & Logistics Critical Infrastructure Hospitality and Transportation Defense and Security
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Video Analytics Demand Share Forecast, 2019-2026
12. Middle East & Africa Video Analytics Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Video Analytics Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Video Analytics Market Size and Volume Forecast by Types
12.4.1. Software Services
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Video Analytics Market Size and Volume Forecast by End Users
12.7.1. Healthcare BFSI Retail & Logistics Critical Infrastructure Hospitality and Transportation Defense and Security
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Video Analytics Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Video Analytics Market: Market Share Analysis
13.2. Video Analytics Distributors and Customers
13.3. Video Analytics Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Avigilon Corporation (Motorola Solutions) Axis Communications AB Cisco Systems Inc. Aventura Technologies Inc. IBM Corporation
2. Assumptions and Acronyms Used
3. Research Methodology
4. Video Analytics Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Video Analytics Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Video Analytics Market - Supply Chain
4.5. Global Video Analytics Market Forecast
4.5.1. Video Analytics Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Video Analytics Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Video Analytics Market Absolute $ Opportunity
5. Global Video Analytics Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Video Analytics Market Size and Volume Forecast by Types
5.3.1. Software Services
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Video Analytics Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Video Analytics Market Size and Volume Forecast by End Users
6.3.1. Healthcare BFSI Retail & Logistics Critical Infrastructure Hospitality and Transportation Defense and Security
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Video Analytics Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Video Analytics Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Video Analytics Demand Share Forecast, 2019-2026
8. North America Video Analytics Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Video Analytics Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Video Analytics Market Size and Volume Forecast by Types
8.4.1. Software Services
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Video Analytics Market Size and Volume Forecast by End Users
8.7.1. Healthcare BFSI Retail & Logistics Critical Infrastructure Hospitality and Transportation Defense and Security
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Video Analytics Demand Share Forecast, 2019-2026
9. Latin America Video Analytics Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Video Analytics Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Video Analytics Market Size and Volume Forecast by Types
9.4.1. Software Services
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Video Analytics Market Size and Volume Forecast by End Users
9.7.1. Healthcare BFSI Retail & Logistics Critical Infrastructure Hospitality and Transportation Defense and Security
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Video Analytics Demand Share Forecast, 2019-2026
10. Europe Video Analytics Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Video Analytics Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
10.4. Europe Video Analytics Market Size and Volume Forecast by Types
10.4.1. Software Services
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Video Analytics Market Size and Volume Forecast by End Users
10.7.1. Healthcare BFSI Retail & Logistics Critical Infrastructure Hospitality and Transportation Defense and Security
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Video Analytics Demand Share Forecast, 2019-2026
11. Asia Pacific Video Analytics Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Video Analytics Market Size and Volume 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. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Video Analytics Market Size and Volume Forecast by Types
11.4.1. Software Services
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Video Analytics Market Size and Volume Forecast by End Users
11.7.1. Healthcare BFSI Retail & Logistics Critical Infrastructure Hospitality and Transportation Defense and Security
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Video Analytics Demand Share Forecast, 2019-2026
12. Middle East & Africa Video Analytics Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Video Analytics Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Video Analytics Market Size and Volume Forecast by Types
12.4.1. Software Services
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Video Analytics Market Size and Volume Forecast by End Users
12.7.1. Healthcare BFSI Retail & Logistics Critical Infrastructure Hospitality and Transportation Defense and Security
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Video Analytics Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Video Analytics Market: Market Share Analysis
13.2. Video Analytics Distributors and Customers
13.3. Video Analytics Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Avigilon Corporation (Motorola Solutions) Axis Communications AB Cisco Systems Inc. Aventura Technologies Inc. IBM Corporation
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