ID: MRFR/ICT/0441-CR | 100 Pages | Published By Ankit Gupta on February 2020
The global video content analytics market size will increase from USD 3.34 billion in the year 2018 to USD 34.23 billion by the end of the year 2030
Video Content Analytics Market Overview:According to the latest research report, It is predicted that over the evaluation period of 2019–2025, the global video content analytics market size will increase from USD 3.34 billion in the year 2018 to USD 34.23 billion by the end of the year 2030, growing at a compound annual growth rate of 20.50 percent. Fire and smoke identification, protection, and security are just a few of the applications for video content analytics (VCA), which is a VDO analysis capacity that is extensively utilized in the defense sector for improved spatial awareness. VCA has a wide range of applications in a variety of industries, includes corporate, domestic, commercial, infrastructural, and educational institutions.
A wide range of advanced video analytics tools, which include close-to real and investigative video analysis, center console visualization, and clip investigations, assist law enforcement as well as other security staff in keeping formal and informal amenities secure by providing actionable data from media content in realtime. The integrated solution improves the capacity of these organizations to safeguard lives and property in both rural and urban areas, as well as vital infrastructure such as dams, power stations, petroleum refineries, and transport networks, among other things. A major driving force behind market development is the benefits of VCA technology when combined with different software, including biometric applications, which improves safety, efficiency, and security, among other things.
This report contains all the information on the global video content analytics market strengths. The report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other important factors. And a detailed analysis of the global video content analytics market forecast for 2025 is also included in the report.
Video Content Analytics Market Covid 19 Analysis:The COVID 19 outbreak has had a significant effect on the development of the video content analytics industry, resulting in significant revenue losses. Although video analytics cannot prevent contact tracing, it may aid in physical separation, population control, and face cover identification, which are all important during a crisis such as the COVID-19 issue. The ability to improve tactical awareness via the use of video content analytics has emerged as a critical component of corporate safety and COVID-19 adherence.
Market Dynamic:Drivers:A significant portion of the worldwide video content market growth during the forecast period is driven by rising security considerations and a consequent increase in the need for security solutions. The increasing use of network-based surveillance footage, as well as the demonstrated potential of VCA technologies to be beneficial in the privacy and protection sectors, are driving the market's growth and reducing the dependence on defense in depth to an unprecedented degree.
Opportunities:Corporations and localities would be required to put these public health requirements into effect and to adhere to them. Failure to apply mask recognition, physical distance, building occupation, and cleanliness analytics, as well as failure to comply with public health standards, would result in significant financial losses and a damaged image for companies. As a result, video content analytics is anticipated to open up a plethora of new opportunities in the industry and public spaces, ranging from university campuses to casinos, transport hubs, retail shops, shopping centers, and factories, among other locations.
Restraints:The exorbitant expenses involved with the initial construction and repair of video content analytics market may limit the market's further development, resulting in a negative effect on sales. Integrated system control companies are concentrating their efforts on lowering the total production costs of their products.
Challenges:Issues like as privacy concerns, lack of knowledge, and the significant expenditures needed to expand internet bandwidth all pose obstacles to the market's further expansion, according to analysts.
Cumulative Growth Analysis:It is anticipated that increasing demand for complete solutions using sophisticated video surveillance in governmental and non-government organizations across the globe to keep societies safe and protected with practical, information insights will drive market expansion during the study period. The growing use of sophisticated video analytics by different businesses to produce customized, configurable video content in marketing and sales is anticipated to further a larger market share for video content analytics in the coming years.
Value Chain Analysis:According to the reports, Various segments of the Video content analytics market are defined as follows: type, deployment, architecture, application, vertical, and geographical areas. The type segment is further subdivided into two categories: solutions and services. The service sector has been further subdivided into two sub-segments: managed service and professional service. The deployment sector is further subdivided into two categories: on-premises and in the cloud. The architecture segment has been further subdivided into two categories: server-based and edge-based architecture. Among those who have done so are
During the projection period, the servers-based VCA segment is expected to account for a significant portion of the market. The edged-based VCA sector, on the other hand, is projected to expand at a rapid rate throughout the period of assessment. The income generation from edge-based VCA comprises the selling of VCA applications and integrated VCA Surveillance equipment, as well as the sale of VCA hardware. A sub-segment of the application segment is divided into the following categories: intrusion management, incident detection, automated number plate identification, traffic monitoring, face recognition, crowd control, and others. Retail, BFSI, healthcare, transport & logistics, government, hotel & leisure, industrial, and others are the sub-segments of the vertical segment.
Video Content Analytics Market Segmentation Overview:The market is segmented on the basis of type, deployment, architecture, application, vertical, and geographical areas. The global Video content analytics market trends is expected to witness decent growth during the forecast period.
By Application:Based on the application, the market is segmented into intrusion management, incident detection, automated number plate identification, traffic monitoring, face recognition, crowd control, and others.
By end-users:Based on the propulsion types, the market is segmented into Retail, BFSI, healthcare, transport & logistics, government, hotel & leisure, industrial, and others.
Video Content Analytics Market Regional Analysis:According to the reports, the industry is fragmented into four regions: the Americas, Europe, Asia Pacific, and the rest of the world. During the projected period, North America is expected to maintain its dominant leadership in the international video content analytics market share. The area shows a willingness to embrace VCA technology earlier on. As a consequence, it has a greater adoption rate of surveillance cameras hardware and video content analysis services than the other areas. Another factor contributing to the market's growth is the existence of major players focused on improving the capabilities of VCA solutions. These companies include Avigilon Corporation, Cisco Systems, Honeywell, IBM, and Genetec, among others.
Increasing use of cloud computing and video content analytics, as well as different strategic alliances and expenditures among companies working in the region, are anticipated to propel the market's development. The United States dominates the market in the region, providing for a substantial part of total revenue, owing mostly to the involvement of multiple technology suppliers. The video content analytics industry in the United States is expected to expand substantially during the study period, following the same patterns as in previous years.
Video Content Analytics Market Competitive Landscape:The video content analytics industry seems to be highly fragmented, with such a large number of well-established companies creating a competitive landscape in a fiercely competitive world. These firms use strategic methods like acquisitions and mergers, cooperation, growth, and the introduction of new products and technologies in order to acquire a significantly greater competitive share. Companies make significant expenditures to fuel research and development operations and to extend their worldwide footprints
Video Content Analytics Market Major Key Players:
Recent Developments:05th of June, 2020 – BriefCam (the United States), a major supplier of video analytics, has revealed new capabilities that may aid in the prevention of the spread of COVID-19, thus facilitating the safety and responsibly re-opening of schools and businesses throughout the nation. The addition of vicinity recognition, face cover recognition, and an occupation controller to this system brings it up to date. Video analytics can assist with contact tracking, physical distance, occupancy control, and face mask recognition, among other things.
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Type, Architecture|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Axis Communications (Sweden), Avigilon Corporation (Canada), Cisco Systems Inc. (US), IBM Corporation (US), Honeywell International Inc. (US), Agent Video Intelligence Ltd (US), Genetec Inc. (Canada), Aventura Technologies Inc. (US), intuVision Inc. (US), Intellivision (US), PureTech Systems Inc. (US), KiwiSecurity Software GmbH (Austria), Gorilla Technology Group (Taiwan), Bosch Security (US), HikVision Digital (China), MOBOTIX AG (Germany), Ipsotek Ltd (UK), VCA Technology Ltd. (UK), Verint (US)|
|Key Market Opportunities||Video content analytics is expected to witness vast opportunities in the workplace and public settings, from college campuses to casinos, airport terminals, retail stores, shopping malls, and warehouses.|
|Key Market Drivers||Digital technology advancements are the main factors providing impetus to the regional market growth. Moreover, rapid economic growth and increasing criminal activities drive the growth of the regional market.|
The global video content analytics market is poised to record a market value of USD 34.23 Billion by 2030.
The global video content analytics market is maturing at a whopping 20.50% CAGR over the review period of 2017 to 2023.
A few significant players of the global video content analytics market are IBM Corporation (US), Agent Video Intelligence Ltd (US), Genetec Inc. (Canada), Aventura Technologies, Inc. (US), and Verint (US).
The on-premise segment is expected to drive market growth over the review period.
increasing adoption of cloud-based solutions is subsequently driving the video content analytics market growth.
The solution segment is likely to witness the highest demand in the video content analytics market.
Asia-Pacific is anticipated to grow with the fastest CAGR in the global video content analytics market in terms of market share over the review period.
Increasing adoption of cloud-based solutions is subsequently driving the video content analytics market growth.