Global Video Analytics Market 2022-2028

Global Video Analytics Market Size, Share & Trends Analysis Report By Deployment (Cloud-Based and On-Premises), By Application (BFSI, Healthcare, Retail, Government & Defense, Traffic Management, and Others) Forecast Period (2022-2028)

The global video analytics market is anticipated to grow at an exponential CAGR of 24.7% during the forecast period. In recent years, there has been high research and development in video analytics that increases its capabilities of video analytics. video analytics products are very beneficial for self-parking cars and virtual reality gaming. Further, there are numerous cases of the commercialization of video analytics in various sectors.Video analysis provides a tool to analyze a large number of videos which is captured in organizations, cafeterias, conference rooms, and cabins to analyze the potential threat. For private organizations, the face recognition software packagesrequire physical access control and governmental entities which work in the fields of security, intelligence, and law enforcement. Video analytics offers organizations with targeted and actionable insights to solve cases and protect assets.By fully integrating video analytics with other security systems, such as field operations and panic alarms, and access control, an organization's response, and decision-making capabilities can be analyzed. The healthcare organizations are implementing a situation management platform including video, access control, and operator radios and phones to integrate all safety and security systems.

The global video analytics market is segmented based on deployment and application. Based on deployment, the market is segmented into the cloud-based and on-premises deployment of video analytics solutions. Further, video analytics finds its application in several end-user verticals including BFSI, healthcare, retail, government & defense, traffic management, and others. Traffic management is expected to contribute significantly to the growth of the market.

The global video analytics market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. Among these, the North American regional market is expected to cater to considerable growth during the forecast period owing to the availability of technical expertise, the ever-growing requirement of organizations to get actionable insights in real-time and increasing demand for technologically enhanced public safety infrastructure.

The major companies serving the global video analytics market include IBM Corp., Cisco Systems Inc. Agent Video Intelligence Ltd., among others. These market players are contributing to the market by adopting various market approaches including product launches and approvals, mergers and acquisitions, partnerships and collaborations, and others for gaining a strong position in the market. For instance, in May 2019, the Xjera Labs' advanced and cutting-edge video analytics has been recognized by numerous government agencies in Singapore. This includes IMDA, where Xjera Labs won first place in the inaugural Video Analytics Challenge.

Research Methodology

The market study of the global video analytics market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Global Video Analytics Market Research and Analysis by Deployment

2. Global Video Analytics Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the global video analytics market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the video analytics market.
• Insights about market determinants that are stimulating the global video analytics market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.