Video Analytics Market Size, Analysis, Share & Forecast 2031

Segments - Video Analytics Market 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

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Shruti Bhat

Report Description

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)
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.

Global Video Analytics Market Key Players

Table Of Content

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 (000â€™ 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