Video Analytics Market Overview
Video analytics is a computerized processing and automatic analysis of video content generated, collected, or monitored in video surveillance. Video analytics software allows users to analyze, organize, and share insights gained from video data to help in making better decisions. The global Video Analytics market is projected to grow at a significant rate during the forecast period.
Factors such as increased investments and focus of governing institutions on public safety, the necessity of use and observe unstructured video surveillance data in real-time, a substantial drop-in crime rate due to surveillance cameras, increasing need among enterprises to influence Business Intelligence (BI), and actionable insights for advanced operations are massively impacting on the growth of the global Video Analytics market.
Furthermore, favorable government initiatives in emerging technologies to improve the public safety infrastructure, reduced cost of video surveillance equipment and long-term Return on Investment, limitations of manual video analysis, and high demand for enhanced video surveillance are some other important aspects that contributing more to the global Video Analytics market’s development in the forthcoming years.
Covid-19 Impact on Video Analytics Market
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Video Analytics Market Segment Overview
Based on the Component, the Software segment has the largest share of the Video Analytics market in 2020. The video analytics software has eradicated the drawbacks of traditional video surveillance systems by offering capabilities that help detect abnormalities and crimes, thereby ensuring optimum operational efficiency. In addition, the demand for video analytics software is being increased by its ability to be integrated with the existing analog, IP, or megapixel cameras in enterprises, thus eliminating the necessity for the deployment of additional hardware. As well, the major features offered by video analytics software include people counting, tamper detection, motion detection, ALPR, and auto-track detection.
Video Analytics Market, By Component
· Services
· Software
Video Analytics Market, By Deployment
· On-Premises
· Cloud
Video Analytics Market, By Application
· Incident Detection
· Intrusion Management
· People/Crowd Counting
· Traffic Monitoring
· ANPR
· Facial Recognition
· Others
Video Analytics Market, By End-Users
· Banking, Financial Services, and Insurance (BFSI)
· City Surveillance
· Critical Infrastructure
· Education
· Hospitality and Entertainment
· Manufacturing
· Defense and Border Security
· Retail
· Traffic Management
· Transportation and Logistics
· Others (Healthcare and Life Sciences, and Construction)
Video Analytics Market Regional Overview
North America holds a dominant position in the Video Analytics market and it is expected to keep its dominance during the forecast period. A large number of key market players who offer advanced video analytics solutions are present in this region. Honeywell International, Inc., is one of the major market player in the video analytics market in North America, which shows high investment in the solutions segment. Further, growing demand for business intelligence and rising demand for technologically improved public safety infrastructure boost the market’s growth in North America. Likewise, the Asia Pacific is expected to emerge as a significant region in the video analytics market. This is because of the emerging trend of adopting video analytics in several sectors such as the retail and public sector, and the transportation industry. For instance, China applied the Social Credit System, which uses widespread facial recognition of its citizen.
Video Analytics Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Video Analytics Market Competitor overview
Some key developments and strategies adopted by manufacturers in Video Analytics are highlighted below.
· In April 2021, Axis Communications, a leader in network video, has announced its plans to develop its own explosion-protected surveillance cameras and devices across the Axis product portfolio through a new subsidiary, Axis Ex AB.
· In April 2021, Agent Vi’s AI-Powered video analytics software platform- innoVi is seamlessly integrated and embedded within Milestone’s XProtect video recording and management platform, enabling end-users to operate through a single client application.
Video Analytics Market, Key Players
· AllGoVision Technologies Pvt. Ltd
· Aventura Technologies, Inc.
· Axis Communications AB
· Cisco Systems, Inc.
· Honeywell International, Inc.
· IBM Corporation
· Intellivision
· PureTech Systems, Inc.
· Verint Systems, Inc.
· Quognify
· Agent VI
· Genetec
· i2V
· intuVision
Video analytics is a computerized processing and automatic analysis of video content generated, collected, or monitored in video surveillance. Video analytics software allows users to analyze, organize, and share insights gained from video data to help in making better decisions. The global Video Analytics market is projected to grow at a significant rate during the forecast period.
Factors such as increased investments and focus of governing institutions on public safety, the necessity of use and observe unstructured video surveillance data in real-time, a substantial drop-in crime rate due to surveillance cameras, increasing need among enterprises to influence Business Intelligence (BI), and actionable insights for advanced operations are massively impacting on the growth of the global Video Analytics market.
Furthermore, favorable government initiatives in emerging technologies to improve the public safety infrastructure, reduced cost of video surveillance equipment and long-term Return on Investment, limitations of manual video analysis, and high demand for enhanced video surveillance are some other important aspects that contributing more to the global Video Analytics market’s development in the forthcoming years.
Covid-19 Impact on Video Analytics Market
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Video Analytics Market Segment Overview
Based on the Component, the Software segment has the largest share of the Video Analytics market in 2020. The video analytics software has eradicated the drawbacks of traditional video surveillance systems by offering capabilities that help detect abnormalities and crimes, thereby ensuring optimum operational efficiency. In addition, the demand for video analytics software is being increased by its ability to be integrated with the existing analog, IP, or megapixel cameras in enterprises, thus eliminating the necessity for the deployment of additional hardware. As well, the major features offered by video analytics software include people counting, tamper detection, motion detection, ALPR, and auto-track detection.
Video Analytics Market, By Component
· Services
· Software
Video Analytics Market, By Deployment
· On-Premises
· Cloud
Video Analytics Market, By Application
· Incident Detection
· Intrusion Management
· People/Crowd Counting
· Traffic Monitoring
· ANPR
· Facial Recognition
· Others
Video Analytics Market, By End-Users
· Banking, Financial Services, and Insurance (BFSI)
· City Surveillance
· Critical Infrastructure
· Education
· Hospitality and Entertainment
· Manufacturing
· Defense and Border Security
· Retail
· Traffic Management
· Transportation and Logistics
· Others (Healthcare and Life Sciences, and Construction)
Video Analytics Market Regional Overview
North America holds a dominant position in the Video Analytics market and it is expected to keep its dominance during the forecast period. A large number of key market players who offer advanced video analytics solutions are present in this region. Honeywell International, Inc., is one of the major market player in the video analytics market in North America, which shows high investment in the solutions segment. Further, growing demand for business intelligence and rising demand for technologically improved public safety infrastructure boost the market’s growth in North America. Likewise, the Asia Pacific is expected to emerge as a significant region in the video analytics market. This is because of the emerging trend of adopting video analytics in several sectors such as the retail and public sector, and the transportation industry. For instance, China applied the Social Credit System, which uses widespread facial recognition of its citizen.
Video Analytics Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Video Analytics Market Competitor overview
Some key developments and strategies adopted by manufacturers in Video Analytics are highlighted below.
· In April 2021, Axis Communications, a leader in network video, has announced its plans to develop its own explosion-protected surveillance cameras and devices across the Axis product portfolio through a new subsidiary, Axis Ex AB.
· In April 2021, Agent Vi’s AI-Powered video analytics software platform- innoVi is seamlessly integrated and embedded within Milestone’s XProtect video recording and management platform, enabling end-users to operate through a single client application.
Video Analytics Market, Key Players
· AllGoVision Technologies Pvt. Ltd
· Aventura Technologies, Inc.
· Axis Communications AB
· Cisco Systems, Inc.
· Honeywell International, Inc.
· IBM Corporation
· Intellivision
· PureTech Systems, Inc.
· Verint Systems, Inc.
· Quognify
· Agent VI
· Genetec
· i2V
· intuVision
Video Analytics Market Study Global Market Analysis, Insights and Forecast, 2020-2027
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Video Analytics Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Component
- 5.2.1. Services
- 5.2.2. Software
- 5.3. Market Analysis, Insights and Forecast – By Deployment
- 5.3.1. On-Premises
- 5.3.2. Cloud
- 5.4. Market Analysis, Insights and Forecast – By Application
- 5.4.1. Incident Detection
- 5.4.2. Intrusion Management
- 5.4.3. People/Crowd Counting
- 5.4.4. Traffic Monitoring
- 5.4.5. ANPR
- 5.4.6. Facial Recognition
- 5.4.7. Others
- 5.5. Market Analysis, Insights and Forecast – By End-Users
- 5.5.1. Banking, Financial Services, and Insurance (BFSI)
- 5.5.2. City Surveillance
- 5.5.3. Critical Infrastructure
- 5.5.4. Education
- 5.5.5. Hospitality and Entertainment
- 5.5.6. Manufacturing
- 5.5.7. Defense and Border Security
- 5.5.8. Retail
- 5.5.9. Traffic Management
- 5.5.10. Transportation and Logistics
- 5.5.11. Others (Healthcare and Life Sciences, and Construction)
- 5.6. Market Analysis, Insights and Forecast – By Region
- 5.6.1. North America
- 5.6.2. Europe
- 5.6.3. Asia Pacific
- 5.6.4. Latin America, Middle East and Africa
6. North America Video Analytics Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Component
- 6.2.1. Services
- 6.2.2. Software
- 6.3. Market Analysis, Insights and Forecast – By Deployment
- 6.3.1. On-Premises
- 6.3.2. Cloud
- 6.4. Market Analysis, Insights and Forecast – By Application
- 6.4.1. Incident Detection
- 6.4.2. Intrusion Management
- 6.4.3. People/Crowd Counting
- 6.4.4. Traffic Monitoring
- 6.4.5. ANPR
- 6.4.6. Facial Recognition
- 6.4.7. Others
- 6.5. Market Analysis, Insights and Forecast – By End-Users
- 6.5.1. Banking, Financial Services, and Insurance (BFSI)
- 6.5.2. City Surveillance
- 6.5.3. Critical Infrastructure
- 6.5.4. Education
- 6.5.5. Hospitality and Entertainment
- 6.5.6. Manufacturing
- 6.5.7. Defense and Border Security
- 6.5.8. Retail
- 6.5.9. Traffic Management
- 6.5.10. Transportation and Logistics
- 6.5.11. Others (Healthcare and Life Sciences, and Construction)
- 6.6. Market Analysis, Insights and Forecast – By Country
- 6.6.1. U.S.
- 6.6.2. Canada
7. Europe Video Analytics Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Component
- 7.2.1. Services
- 7.2.2. Software
- 7.3. Market Analysis, Insights and Forecast – By Deployment
- 7.3.1. On-Premises
- 7.3.2. Cloud
- 7.4. Market Analysis, Insights and Forecast – By Application
- 7.4.1. Incident Detection
- 7.4.2. Intrusion Management
- 7.4.3. People/Crowd Counting
- 7.4.4. Traffic Monitoring
- 7.4.5. ANPR
- 7.4.6. Facial Recognition
- 7.4.7. Others
- 7.5. Market Analysis, Insights and Forecast – By End-Users
- 7.5.1. Banking, Financial Services, and Insurance (BFSI)
- 7.5.2. City Surveillance
- 7.5.3. Critical Infrastructure
- 7.5.4. Education
- 7.5.5. Hospitality and Entertainment
- 7.5.6. Manufacturing
- 7.5.7. Defense and Border Security
- 7.5.8. Retail
- 7.5.9. Traffic Management
- 7.5.10. Transportation and Logistics
- 7.5.11. Others (Healthcare and Life Sciences, and Construction)
- 7.6. Market Analysis, Insights and Forecast – By Country
- 7.6.1. UK
- 7.6.2. Germany
- 7.6.3. France
- 7.6.4. Italy
- 7.6.5. Spain
- 7.6.6. Russia
- 7.6.7. Rest of Europe
8. Asia Pacific Video Analytics Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Component
- 8.2.1. Services
- 8.2.2. Software
- 8.3. Market Analysis, Insights and Forecast – By Deployment
- 8.3.1. On-Premises
- 8.3.2. Cloud
- 8.4. Market Analysis, Insights and Forecast – By Application
- 8.4.1. Incident Detection
- 8.4.2. Intrusion Management
- 8.4.3. People/Crowd Counting
- 8.4.4. Traffic Monitoring
- 8.4.5. ANPR
- 8.4.6. Facial Recognition
- 8.4.7. Others
- 8.5. Market Analysis, Insights and Forecast – By End-Users
- 8.5.1. Banking, Financial Services, and Insurance (BFSI)
- 8.5.2. City Surveillance
- 8.5.3. Critical Infrastructure
- 8.5.4. Education
- 8.5.5. Hospitality and Entertainment
- 8.5.6. Manufacturing
- 8.5.7. Defense and Border Security
- 8.5.8. Retail
- 8.5.9. Traffic Management
- 8.5.10. Transportation and Logistics
- 8.5.11. Others (Healthcare and Life Sciences, and Construction)
- 8.6. Market Analysis, Insights and Forecast – By Country
- 8.6.1. China
- 8.6.2. India
- 8.6.3. Japan
- 8.6.4. Australia
- 8.6.5. South East Asia
- 8.6.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Video Analytics Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Component
- 9.2.1. Services
- 9.2.2. Software
- 9.3. Market Analysis, Insights and Forecast – By Deployment
- 9.3.1. On-Premises
- 9.3.2. Cloud
- 9.4. Market Analysis, Insights and Forecast – By Application
- 9.4.1. Incident Detection
- 9.4.2. Intrusion Management
- 9.4.3. People/Crowd Counting
- 9.4.4. Traffic Monitoring
- 9.4.5. ANPR
- 9.4.6. Facial Recognition
- 9.4.7. Others
- 9.5. Market Analysis, Insights and Forecast – By End-Users
- 9.5.1. Banking, Financial Services, and Insurance (BFSI)
- 9.5.2. City Surveillance
- 9.5.3. Critical Infrastructure
- 9.5.4. Education
- 9.5.5. Hospitality and Entertainment
- 9.5.6. Manufacturing
- 9.5.7. Defense and Border Security
- 9.5.8. Retail
- 9.5.9. Traffic Management
- 9.5.10. Transportation and Logistics
- 9.5.11. Others (Healthcare and Life Sciences, and Construction)
- 9.6. Market Analysis, Insights and Forecast – By Country
- 9.6.1. Brazil
- 9.6.2. Saudi Arabia
- 9.6.3. UAE
- 9.6.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. AllGoVision Technologies Pvt. Ltd
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Aventura Technologies, Inc.
- 10.6. Axis Communications AB
- 10.7. Cisco Systems, Inc.
- 10.8. Honeywell International, Inc.
- 10.9. IBM Corporation
- 10.10. Intellivision
- 10.11. PureTech Systems, Inc.
- 10.12. Verint Systems, Inc.
- 10.13. Quognify
- 10.14. Agent VI
- 10.15. Genetec
- 10.16. i2V
Research Process
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
