Global Video Analytics System Market – Industry Trends and Forecast to 2024

Market Analysis: Global Video Analytics System Market

The Global Video Analytics System Market accounted for USD 2.23 billion in 2016 growing at a CAGR of 32.9% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Market Definition: Global Video Analytics System Market

The video analytics system is the capability of automatically analyzing video to detect and determine temporal and spatial events. Video analytics equipment and solutions provide post-event as well as real-time event detection through data analysis. The demand for actionable insights derived from ever-increasing data pool in organizations and increasing government investments are driving the market for video analytics system whereas high initial cost is one of the restraining factors for this market.

Major Market Drivers & Restraints:

Demand for Actionable Insights Derived From Ever-Increasing Data Pool in Organizations
Increasing Government Investments
High Investment Cost
Bandwidth and Storage Issues
Increasing Adoption of SaaS-Based Video Analytics

Market Segmentation: Global Video Analytics System Market

The global video analytics system market is segmented on the basis of type into software and services. The services are further sub segmented into managed services and professional services.

On the basis of deployment, the global video analytics system market is segmented into on-premises and on-demand.

On the basis of application, the global video analytics system market is segmented into incident detection, intrusion management, people/crowd counting, traffic monitoring, automatic number plate recognition (ANPR), facial recognition and others.

On the basis of vertical, the global video analytics system market is segmented into transportation, critical infrastructure protection, traffic management, border security, hospitality and entertainment, city surveillance, banking, financial services, and insurance (BFSI), retail, education and others.

On the basis of geography, global video analytics system market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

Company Share Analysis: Global Video Analytics System Market

The report for video analytics system market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments. 

Major Market Competitors: Global Video Analytics System Market

Some of the major players of the global video analytics system market are Cisco Systems, Inc. , Honeywell International Inc., IBM Corporation, intuVision, Inc, Intelli Vision, PureTech Systems Inc., i2v System Pvt. Ltd, Genetec Inc., Aventura Technologies, Inc., Avigilon Corporation, AllGoVision Technologies Pvt. Ltd, Agent Video Intelligence Ltd., Axis Communications AB, Qognify, Milestone systems A/S. among others.

Research Methodology: Global Video Analytics System Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. 

Global Video Analytics System Market – Industry Trends and Forecast to 2024

.