The video content analytics market will witness a healthy growth from 2019 to 2025, a research report suggests. Growing at a CAGR of 21.71%, the market is projected to reach US$12.87 billion by 2025. Growing security concerns are expected to support the market growth along with demand for security products. As predicted by analysts, high cost, privacy issues, and lack of awareness will negatively affect the market’s performance from 2019 to 2025. During the forecast period, the market will be supported by the rising adoption of network-based video surveillance and high demand across industry verticals.
Prohibitive costs associated with installation on the other hand will challenge multimedia sector based organizations functioning in the global video content analytics market. Analysts have split the market into application, architecture, deployment, type, and vertical segments based on products and services. Multimedia based companies have been profiled. Problems related to supply chain is set to affect the global market during the forecast period 2019 to 2025. The report also provides the market’s performance forecasts till 2025. Analysts have studied the strategy of multimedia segment based organizations to help new entrants and established businesses. The multimedia sector itself is supported by the increasing disposable income as well as the rapidly growing population. During the forecast period 2019 to 2025, the video content analytics market is set to witness a health growth across application, architecture, deployment, type, and vertical segments as well as regional markets.
The multimedia sector has seen growth across application, architecture, deployment, type, and vertical segments owing to technological advancements and consumers aiming for more convenience. To study the market, analysts have further segmented application, architecture, deployment, type, and vertical into solutions and services on the basis of type. The market is further segmented into architecture sub segment which is split into server-based and edge-based. Additionally, the video content analytics market on the basis of application is segmented into automatic number plate recognition (ANPR), crowd management, facial recognition, incident detection, intrusion management, traffic monitoring, and others. The market is further segmented into vertical sub segment which is split into BFSI, government, healthcare, hospitality & entertainment, manufacturing, retail, transportation & logistics, and others. Additionally, the video content analytics market on the basis of deployment is segmented into on premise and on-cloud.
The segmental analysis presented in the report provides multimedia field based organizations insights into key growth factors such as the growing urbanization as well as challenges such as the lack of demand from certain regional markets the market will face from 2019 to 2025. Favorable government policies and increasing awareness levels are some of the key factors having an influence on multimedia industry based companies, suggest analysts as per the video content analytics market report. But the report also identifies the lack of investments and concerns regarding high costs as major threats companies in multimedia will face till 2025.
multimedia market based companies in the video content analytics market are functioning across North America, Europe, Asia Pacific, the Middle East, and Africa including the rest of the world. The increasing awareness among consumers will be a key growth driver for regional markets. However, high initial investments will turn out to be a threat. For the forecast period 2019 to 2025 each of these regional markets are studied in the report. Starting from North America, the regional market and multimedia vertical based companies are spread across the United States, Canada, and Mexico. Low research and development budgets will turn out to be a major challenge from 2019 to 2025.
Parts of the European market covered in the report are regional markets spread across the United Kingdom, France, Italy, and Germany. The market in the region will be benefitted by the presence of effective communication as well as the presence of untapped market opportunities, suggests the report. Similarly, the multimedia sector’s segmental analysis for the Asia Pacific region covers India, Japan, China, and others. For the rest of the world, the research report for the video content analytics market covers the Middle East and Africa. Forecast based on the report’s findings are presented for the forecast period till 2025.
The global video content analytics market research report brings a comprehensive study of application, architecture, deployment, type, and vertical market segments, regional analysis, and multimedia vertical based company details of key players. As the forecast period 2019 to 2025 will bring new opportunities for the market owing to the increasing demand from various industry verticals and technological developments, the market is set to grow at a compound annual growth rate of 21.71% and is predicted to reach a value of US$12.87 billion by 2025. With SWOT analysis of multimedia sector based companies and Porter’s Five Force model analysis based findings, and understanding challenges such as the low demand from developing countries and the increasing demand for highly skilled professionals, companies in the multimedia sector can change the way business is done.
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