Tuesday, 30 November 2021 06:14 GMT

Global Video Analytics Market Future Growth, and Revenue Forecast, (2021-2026)


(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Nov 26, 2021, 04:02 /Comserve / -- Video analytics is beneficial for monitoring video streams in near real-time. While video monitoring, video analytics helps analyze the events or specific behavior patterns in a monitored environment,

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment. 

Video analytics is beneficial for monitoring video streams in near real-time. While video monitoring, video analytics helps analyze the events or specific behavior patterns in a monitored environment, thereby enabling users to analyze insights obtained from the data and make smart and better decisions. According to MarkNtel Advisors, the Global Video Analytics Market is likely to witness around 23.3% CAGR during the forecast period, i.e., 2021-26. The market growth primarily attributes to the surging adoption of Video Analytics, which owes to its ability to identify real-time actions, helping end-users get valuable insights & alerts, coupled with the burgeoning security & safety concerns.

Additionally, a burgeoning trend of constructing smart cities shall also lead to spur the installation of video analytics solutions, thereby propelling the market growth across the globe, further states the research report,“Global Video Analytics Market Analysis, 2021.”

Fill This Form and get the Sample Copy of This Report: 
The Final Report will cover the impact analysis of COVID-19 on this industry: Global Video Analytics Market Future Growth, and Revenue Forecast, (2021-2026)

Global Video Analytics Market Growth Spurred Amidst COVID-19
The COVID-19 crises have rapidly shifted consumers' focus on public safety & security. Hence, the demand for installing Video Analytics across hospitals, retail shops, & other public sites increased for contact tracing, physical distancing management, and face mask detection amid the pandemic.

Further, the need for installing video analytics in organizations is increasing significantly to adhere to the public safety norms relating to physical distancing, face masking, building occupancy, and sanitation. Hence, the demand for video analytics is likely to grow and fuel the overall market growth in the post COVID situation, too.

Market Segmentation
People/Crowd Counting to Dominate the Global Video Analytics Market During 2021-26
Based on the Application, the market bifurcates into Incident Detection, Intrusion Management, People/Crowd Counting, Traffic Monitoring, ANPR, Facial Recognition, and Others, including AR and Ego-Motion Estimation. Of them all, People/Crowd Counting is more likely to dominate the market during 2021-26. The counting & management of people is a tedious task for police departments or government at any event. In such cases, the integration of surveillance systems and video analytics provides real-time alerts in critical situations. Also, it helps identify suspicious activities & patterns of the crowd. Hence, these factors are likely to lead the segment to attain the dominant share and boost the market in the coming years, states MarkNtel Advisors in their research report,“Global Video Analytics Market Analysis, 2021.”

Fill This Form and get the Sample Copy of This Report: 
The Final Report will cover the impact analysis of COVID-19 on this industry: Global Video Analytics Market Future Growth, and Revenue Forecast, (2021-2026)

Software Segment Held the Largest Share of Global Video Analytics Market
Based on the Component, the market divides into Software & Services. Of both, Software acquired the largest share in the Global Video Analytics Market in the previous few years. The segment growth owes to the increasing implementation of video analytics software across various public & private organizations. Additionally, the surging requirement for situational insights is another crucial aspect that led the segment to attain the largest market share.

North America Attained the Largest Market Share
Geographically, North America dominated the Global Video Analytics Market in the previous few years due to rapidly expanding end-user industries in the region. Furthermore, the growing consumer consciousness regarding safety & security is also responsible for augmenting the demand for video analytics in North America. Additionally, the launch of innovative technologies and the abundant presence of leading market players like Cisco in the region are other key aspects that accelerated the regional market.

Rising Security Concerns to Boost the Global Video Analytics Market
The demand for video analytics is increasing significantly, mainly due to the rising security concerns & need for security products. The mounting adoption of video surveillance and the proven ability of video analytics technology in safety & security sectors are the prime aspects likely to drive the Global Video Analytics Market in the forecast years. The various benefits of video analytics, including motion detection, facial recognition, intrusion detection, & traffic management, shall augment the demand for video analytics, thereby boosting the overall market in the coming years.

High Cost & Rising Privacy Concerns May Impede the Market Growth
The excessively high price associated with the initial installments and maintenance of video analytics negatively impacts their sales. Also, large-scale video analytics integrates with massive infrastructure and databases to offer proper insights. Therefore, the lack of necessary infrastructure is another hindrance to market growth. Besides, privacy issues and high investments required to increase the network capacity are other aspects that could hamper the market growth.

Competitive Landscape
According to MarkNtel Advisors, the leading industry players in the Global Video Analytics market are Avigilon, Cisco, Axis Communications, Agent VI, AllGoVision, Aventura Systems, Genetec, i2V, IntelliVision, intuVision, PureTech Systems, Qognify, Honeywell, IBM, iOmniscient, BriefCam, Digital Barriers, IPSOTEK, Gorilla Technology, and Bosch Security.

Key Questions Answered in the Market Research Report:
1. What are the overall market statistics or estimates (Market Overview, Market Size- by Value, Forecast Numbers, Market Segmentation, and Market Shares) of the Global Video Analytics Market?
2. What are the region-wise industry size, growth drivers, and challenges?
3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Video Analytics Market?

TABLE OF CONTENT

1. Introduction
1.1. Product Definition
1.2. Research Process
1.3. Assumptions
1.4. Market Definition
2. Executive Summary
3. Impact of COVID-19 on Global Video Analytics Market
4. Global Video Analytics Market Regulations & Policy
5. Global Video Analytics Market Trends & Insights
6. Global Video Analytics Market Dynamics

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.


MENAFN26112021004694010674ID1103254914


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.