PUBLISHER: Lucintel | PRODUCT CODE: 1416528
PUBLISHER: Lucintel | PRODUCT CODE: 1416528
The future of the global video analytics market looks promising with opportunities in the crowd management, facial recognition, intrusion detection, license plate recognition, and motion detection markets. The global video analytics market is expected to reach an estimated $10.2 billion by 2030 with a CAGR of 23.0% from 2024 to 2030. The major drivers for this market are growing concerns regarding the safety and security of the public, expanding use of video analytics to lower crime rates by promptly alerting users to questionable or anomalous activity, and technological development in deep learning, artificial intelligence & edge computing.
A more than 150-page report is developed to help in your business decisions.
The study includes a forecast for the global video analytics by type, deployment, application, end use industry, and region.
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies video analytics companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the video analytics companies profiled in this report include-
Lucintel forecasts that software will remain the larger segment over the forecast period due to rising adoption of video analytics software by the end-use industries, as well as, software helps in detecting a wide range of events encompassing people, vehicles, and static objects and analyzing videos from multiple sources.
North America is expected to witness highest growth over the forecast period due to large presence of key industry players, as well as, rapid technological development in the country supported by strong economic growth in the region.
Market Size Estimates: Video analytics market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Video analytics market size by various segments, such as by type, deployment, application, end use industry, and region in terms of value ($B).
Regional Analysis: Video analytics market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, deployment, application, end use industry, and regions for the video analytics market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the video analytics market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
Q1. What is the video analytics market size?
Answer: The global video analytics market is expected to reach an estimated $10.2 billion by 2030.
Q2. What is the growth forecast for video analytics market?
Answer: The global video analytics market is expected to grow with a CAGR of 23.0% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the video analytics market?
Answer: The major drivers for this market are growing concerns regarding the safety and security of the public, expanding use of video analytics to lower crime rates by promptly alerting users to questionable or anomalous activity, and technological development in deep learning, artificial intelligence & edge computing.
Q4. What are the major segments for video analytics market?
Answer: The future of the global video analytics market looks promising with opportunities in the crowd management, facial recognition, intrusion detection, license plate recognition, and motion detection markets.
Q5. Who are the key video analytics market companies?
Answer: Some of the key video analytics companies are as follows:
Q6. Which video analytics market segment will be the largest in future?
Answer: Lucintel forecasts that software will remain the larger segment over the forecast period due to rising adoption of video analytics software by the end-use industries, as well as, software helps in detecting a wide range of events encompassing people, vehicles, and static objects and analyzing videos from multiple sources.
Q7. In video analytics market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to large presence of key industry players, as well as, rapid technological development in the country supported by strong economic growth in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.