The rising demand for real-time event detection, increasing deployment of AI-enabled video analytics solutions, increased investments, and focus of governing institutions on public safety are some of the factors boosting the Video Analytics Market growth. 

JERSEY CITY, N.J., June 27, 2022 /PRNewswire/ -- Verified Market Research recently published a report, 'Video Analytics Market' By Type (Software, Services), By Application (Traffic Monitoring, Incident Detection, Facial Recognition), By Vertical (City Surveillance, Border Security, Education), and By Geography. According to Verified Market Research, the Video Analytics Market size was valued at USD 5.65 Billion in 2021 and is projected to reach USD 35.88 Billion by 2030, growing at a CAGR of 21.5% from 2022 to 2030.

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=4737

Browse in-depth TOC on 'Video Analytics Market'

202 - Pages

126 – Tables

37 – Figures

Global Video Analytics Market Overview

The rising demand for real-time event detection to fuel the market. Video analytics software helps in providing instantaneous alerts that occur in a good range of business sectors to reinforce situational awareness. The creation of real-time data through videos needs professional handling. Video analysis software can help in analyzing recorded video streams to classify, and track behavior patterns and predefined objects, thus becoming a key market driving factor. Moreover, increasing deployment of AI-enabled video analytics solutions aids market growth. The deployment of AI-enabled video content analysis solutions is increasing rapidly globally.

Government bodies are actively opting for AI-based video systems to monitor track congestion and oversee smart energy metering using the AI Global Surveillance (AIGS) Index for greater clarity of videos. AI and deep learning are the key technologies for video content analysis and for transforming live or recorded videos into structured metadata that our quantifiable insights. Furthermore, increased investments and focus of governing institutions on public safety got to utilize and examine unstructured video surveillance data in real-time, a big drop in crime rate due to surveillance cameras has positively anticipated in propelling the growth of the global video analytics market.

Key Developments

• On March 2019, Axis Communications announced a joint integration between Genetec security center SynergisTM. This integration addresses the needs of medium and large organizations with multiple sites.
• On March 2021, Honeywell signed an agreement to acquire a majority stake in Fiplex Communications to expand the in-building connectivity and communications solutions. Fiplex's solutions will become a platform for Honeywell's wireless technology.
• On March 2020, Gorilla Technology launched the next-generation advanced Secure Edge AI solution in partnership with the developer of intelligent edge appliances, Lanner Electronics. The partnering companies are offering edge-ensured cybersecurity and data protection for AI-powered video intelligence. This collaboration provides secure video analytics solutions to customers and users.

Key Players

The major players in the market are IBM Corporation, Intellivision Technologies Private Ltd., Honeywell International Incorporation, Agent Video Intelligence Ltd., Cisco Systems, Inc., Puretech Systems Inc., Axis Communications, I2V Systems Private Ltd., Qognify, Intuvision, Inc., Genetec Inc., Aventura Technologies Inc., Allgovision Technologies Pvt. Ltd. and Avigilon Corporation.

Verified Market Research has segmented the Global Video Analytics Market On the basis of Type, Application, Vertical, and Geography.

• Video Analytics Market, By Type
• Software
• Services
• Video Analytics Market, By Application
• Traffic Monitoring
• Incident Detection
• Facial Recognition
• People/Crowd Counting
• Intrusion Management
• Automatic Number Plate Recognition
• Video Analytics Market, By Vertical
• City Surveillance
• Border Security
• Education
• Banking
• Financial Services, and Insurance (BFSI)
• Transportation
• Retail
• Traffic Management
• Critical Infrastructure Protection
• Video Analytics Market, by Geography
• North America
• U.S
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Rest of Asia Pacific
• ROW
• Middle East & Africa
• Latin America

Browse Related Reports:

High Dynamic Range Video Camera Market By Type (21 Stop, 17 Stop), By Pixel (1080p, 50p), By Application (Photography, Security surveillance), By Geography, Forecast, 2021-2028

Video Streaming Software Market Size By Streaming Type (Live Streaming, Video on Streaming), By Deployment (On-Premise, Cloud), By Geography, Forecast, 2021-2028

Video Surveillance Storage Market By Storage Media (Solid State Drives, Hard Disk Drives), By Storage Technologies (Network Attached Storage, Storage Area Network), By Deployment Model (Cloud-based, On-premise), By Vertical (Healthcare, Government And Defense, Home Security), By Geography, Forecast, 2021-2028

Physical Security Market By Components (Systems, Service), By Systems Type (Physical Access Control System (PACS), Video Surveillance System), By Services Type (Access Control as a Service (ACaaS), Video Surveillance as a Service (VSaaS), By Vertical (Government, Transportation, Residential), By Geography, Forecast, 2021-2028

5 Best Video Analytics Companies: Epitome of 21^st-century espionage technology

Visualize Video Analytics Market using Verified Market Intelligence -:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SME's offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.

Contact Us
Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US Toll Free: 1 (800)-782-1768
Email: sales@verifiedmarketresearch.com 
Web: https://www.verifiedmarketresearch.com/ 
Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/1315349/Verified_Market_Research_Logo.jpg