Overview of Video Analytics Market
According to a new report titled, Video Analytics Market by Component, Application, Deployment Model, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global video analytics market was valued at $2,745 million in 2016, and is projected to reach at $13,381 million by 2023, growing at a CAGR of 25.7% from 2017 to 2023.
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The video analytics market provides solutions that are implemented across public places such as a stadium, local markets, and at the time of events such as music concerts, sports tournaments, and business campaigns for better management of crowd, traffic & parking management, facial recognition, and object detection.
The traffic & parking management and others, including motion detection, object recognition, and camera tampering detection, segments are expected to be the major revenue contributors to the global video analytics market, due to increase in investment in building smart cities and need for surveillance in transportation industry to increase public safety & security. Moreover, the retail segment has witnessed high adoption of video analytics across various regions, owing to the associated benefits of advanced business insights related to customer engagement.
The Major players reported in the market include:
The major players operating in the global video analytics market include 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., and Quognify.
The report provides an extensive analysis of the current trends, future estimations, and dynamics of the global video analytics market.
In-depth analysis of the video analytics market is conducted based on market estimations of key segments from 2016 to 2023.
Extensive analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
Comprehensive analysis of all regions assists in determining the prevailing opportunities related to video analytics industry across geographies.
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KEY MARKET SEGMENTS:
Facial Recognition & Detection
Perimeter Intrusion Detection
Crowd Detection & Management
Traffic & Parking Management
By Deployment Model
By Industry Vertical
Energy & Utilities
Central & South America
Middle East and Africa
Key Findings of the Video Analytics Market:
The cloud deployment segment accounted for the highest share of the global video analytics market in 2016, growing at a CAGR of 65.5% from 2017 to 2023.
North America video analytics market generated the highest revenue in 2016, valued at $1,682 million.
The retail segment is expected to dominate the video analytics market, in terms of market share, during the forecast period.
U.S. was market leader in 2016. In addition, Canada, China, Italy, India, and other emerging nations are projected to provide significant opportunities for major players.
TABLE OF CONTENTS
CHAPTER 1 INTRODUCTION
CHAPTER 2 EXECUTIVE SUMMARY
CHAPTER 3 MARKET OVERVIEW
CHAPTER 4 WORLD VIDEO ANALYTICS MARKET, BY END USER
CHAPTER 5 WORLD VIDEO ANALYTICS MARKET, BY APPLICATION
CHAPTER 6 WORLD VIDEO ANALYTICS MARKET, BY GEOGRAPHY
CHAPTER 7 COMPANY PROFILES
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Name: Sameer Joshi
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