In-Depth Analysis of the Video Analytics Market: Trends and Forecasts for 2024-30

Global Quick Overview of the Video Analytics Market Analysis

The objective of the Global Video Analytics Market Research Report is to provide a detailed and useful data, and a geographical perspective for predictions of future. The recommendations included in the report are supposed to be insightful and actionable, offering a thorough understanding of the industry. Moreover, it includes a comprehensive table of contents, relevant data, and an analysis of numerous important aspects that have impacted the market.

According to the latest report analysis by MarkNtel Advisors, the Global Video Analytics market is projected to grow at a CAGR of around 23.3% during the forecast period, i.e., 2024-2030. This detailed study provides a detailed overview of the current market state, including market trends, opportunities, along with the recent developments. In-depth analysis of market share, size, forecast, and competitive landscape is also covered in this report that presents a clear picture of the industry with relevant statistical data.

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Latest Trend Contributing in the Video Analytics Industry:

Global Video Analytics Market Latest Trend:

Increasing AI Integration in Video Analytics Solutions – The use of Artificial Intelligence (AI)-powered VA solutions is rapidly growing worldwide. The AI Global Surveillance (AIGS) Index is being actively used by government agencies to monitor traffic congestion and oversee smart energy metering by utilizing AI-based camera systems. AI & Deep Learning remain the essential technologies for video analytics, successfully converting live or recorded video into structured data that can provide meaningful & quantifiable insights.

Ongoing algorithm research & development will continue to make data extraction & analysis more efficient & accurate, and innovation in this field will continue. AI-enabled VA offers a wide range of solutions, such as Human Action Recognition, Anomaly Detection, Contextual Understanding, Emotion Recognition, Wide Area Surveillance, Video Search & Summarization, etc.

A Detailed Outlook of Video Analytics Market Segmentation

The Market Segmentation analysis provides and accurate data of the industry to help the analysts make smart strategic investment decisions. Also, the prediction of the market is included for national, and level in the research. The study analyses latest trends of the industry from 2024-30 for each of the category. Different segments were used to classify the market for this study are listed below:

-By Component

Service
Software

-By Deployment

On-Premises
Cloud

-By Application

Incident Detection
Intrusion Management
People/Crowd Counting
Traffic Monitoring
ANPR
Facial Recognition
Others (AR and Ego-Motion Estimation)

-By Type

Edged-Based
Server-Based

-By Vertical

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)

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Geographical Analysis:

-By Region

North America
South America
Europe
Asia Pacific
Middle East and Africa

Of all regions globally, North America is likely to acquire the largest share of the Video Analytics Market during 2024-30. The emergence of cutting-edge technologies, the extensive presence of leading market players like Honeywell International Inc., IBM Corporation, Cisco Systems, and others, and the excessive adoption of CCTV cameras in several settings like street corners, universities, schools, private homes, etc., especially across the US & Canada, are the prime aspects expected to drive the regional market in the forecast years.

In the region, most sites have multiple cameras that generate a massive volume of footage. The US has an extremely high penetration of surveillance cameras, where private-sector retail & commercial establishments like hotels, restaurants, & office complexes are the major end-users. After the unfortunate 9/11 incident, the entire region has been witnessing a substantial deployment of advanced IP cameras.

Lead the Video Analytics Market with a Deep Evaluation of the Competition

This report also includes accurate facts, figures, and market data into income assessments, and projections in the industry by using a wide range of statistical tools and knowledge about the market by the experts. Each notable market participant has a SWOT evaluation, a profile and a complementary Porter’s Five Forces analysis.

Moreover, to take the benefits of new opportunities, dominating players have been constantly realigning their systems, and methods of operation. We also evaluate major businesses that are influences on a geographical scale along with the small and medium-sized businesses that plays crucial role and have substantial opportunity for expansion in order to accurately reflect the levels of market competition.

The details on the following key players is presented in this section as:

Avigilon
Cisco
Axis Communications
Agent VI
AllGoVision
Aventura Systems
Genetec
i2V
IntelliVision
intuVision
PureTech Systems
Qognify
Honeywell
IBM
iOmniscient
BriefCam
Digital Barriers
IPSOTEK
Gorilla Technology
Bosch Security

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Key Report Highlights

Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
EmerVideo Analyticsg Opportunities,
Market Trends and Indicators

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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging Video Analytics geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.

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