Global Video Analytics Market

Description

Introduction:

Video surveillance plays an important role in safety related applications. Video analytics is defined as the capability of analysing video to detect and determine temporal and spatial events. It came into existence to review the growing footage of surveillance cameras and make them more efficient. Integrating video analytics with the security system can reduce the workload on the security staff of the organization along with capturing the entire value of the camera system making it more intelligent. The applications of video analytics involve facial recognition, motion detection, license plate reading, people counting at retail stores, recognizing long lines and sending out alerts.

Market Dynamics:

The Video Analytics solution offers various advantages such as enhanced security, lower costs, and increased efficiency. Factors like enhanced decision making capabilities of users and rising demand for improved security arrangements are driving the market growth. Moreover, video analytics permit customers to use the processing power of collected data. With a growing significance of business intelligence, the demand for video analytics is expected to increase.

The incidents of security breaches as well as the frequency of terrorist attacks have been increasing prompting governments across the globe to invest in security and surveillance systems. This has sparked the adoption of advanced video surveillance and analytics. The organizations are also embracing Software as a Service (SaaS) video analytics which can fuel the growth of this market.

Market Segmentation:

The Global Video Analytics market can be segmented on the basis of type, deployment, application, and services.

1. Type:
   1. Software
   2. Service

2. Deployment Mode:
   1. On-Demand
   2. On-Premises

1. Application:

1. Incident Detection
2. Intrusion Management

• People/Crowd counting

1. Traffic Monitoring
2. Automatic Number Plate Recognition System
3. Facial Recognition

• Motion Detection
• Others

4. Services:
   1. Transportation
   2. Critical Infrastructure Protection

• Traffic Management

1. Border Security
2. Hospitality and Entertainment
3. City Surveillance

• Banking, Financial Services and Insurance
• Retail

1. Education
2. Others

Geographical Analysis:

Geographically, the market is segmented into North America, Asia Pacific, Europe and South America. North America is the largest market for video analytics because of the presence of already established infrastructure. Enhancement of digital technologies in emerging markets like China and India have made the Asia Pacific region the second fastest growing market. These countries are investing into these security systems to ensure the safety of its citizens.

Key Players:

Some of the key companies in Global Video Analytics market are Axis Communications, Bosch Security Systems, Cisco Systems, Honeywell International Inc, IBM Corporation, Agent Video Intelligent, AllGoVision Technologies Pvt. Ltd, Avigilon Corporation, Aventura Technologies Inc, Genetec Inc, I2V System Private Ltd, Intellivision Technologies, IntuVision, PureTech Systems Inc, and Qognify.