Video analytics is capable of automatically analyzing video to detect and provide data in terms of object detection, smoke detection, and many other features. Technological advancements and on-board camera innovations are providing new features that are constantly adding value, thereby increasing the application of video analytics across various verticals and end-users. The demand for video analytics is growing not only because of the security-related information provided but also as it helps in improving operational efficiency by providing insights about customer demographics that help in better decision-making and improve the business profitability.
The video analytics market is witnessing growth due to the rising security and safety issues, where manually locating individual incidents is time-consuming. Video analytics help in reducing crime by providing alerts of any suspicious event. The need for intelligent video surveillance is increasing due to the additional features it provides over the conventional systems such as greater accuracy, scalability, and cost-effectiveness. The increasing demand for business intelligence is also driving the market. However, this market faces certain drawbacks such as high initial costs, low awareness levels about industry standards and computability issues.
The video analytics market is segmented based on deployment (on cloud, on premise), type (software, services) and end-user industry (defense & aerospace, healthcare, retail, airports, BFSI, and critical infrastructure security).
The global video analytics market has been geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa, with North America occupying the largest market share in the world, followed by Europe. North America has the largest market share due to the higher adoption rates of video analytics and replacement of conventional systems like video surveillance systems, further resolving the safety and security issues in the U.S.
There is immense potential for this market in the Asia-Pacific region as a result of the emerging economies in China and India, coupled with the increasing demand for video analytics in automotive accident aversion systems and the rise in construction of smart cities.
This report gives a detailed Porter's five forces analysis of the market. All the five major factors in this market have been quantified using the internal key parameters governing each one of them. The report also covers the market landscape of these players, which includes the key growth strategies, geographical footprint, and competition analysis. The report also considers key trends that will affect the industry and profiles over ten leading suppliers of the global video analytics market.
This Report Offers:
Market definition for the video analytics market along with identification of key drivers and restraints for the market.
Market analysis for the video analytics market, with region-specific assessments and competition analysis on a global and regional scale.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies that can influence the market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
Identification and analysis of the macro and micro factors that affect the video analytics market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
1.1 Study Deliverables
1.2 Market Definition
1.3 Study Assumptions
2. Research Methodology
2.2 Research Design
2.3 Study Timeline
2.4 Study Phases
3. Key Findings
4. Executive Summary
5. Video Analytics - Market Overview and Technology Trends
5.1 Current Market Scenario
5.2 Industry Attractiveness - Porters Five Forces Framework
5.2.1 Bargaining Power of Suppliers
5.2.2 Bargaining Power of Consumers
5.2.3 Threat of New Entrants
5.2.4 Threat of Substitute Products and Services
5.2.5 Competitive Rivalry within the Industry
6.1 Rising Security and Safety Issues and Need for Intelligent Video Surveillance
6.2 Increasing Demand For Business Intelligence
7.1 High Initial Costs
7.2 Low Awareness Levels about Industry Standards and Computability Issues
9. Video Analytics Market Segmentation
9.1 By Type
9.2 By Deployment
9.3 By End-User
9.3.1 Defense & Aerospace
9.3.6 Critical Infrastructure Security
9.4 By Region
9.4.1 North America
9.4.4 Latin America
9.4.5 Middle East and Africa
10. Vendor Market Share Analysis
11. Competitive Landscape - Key Company Profiles
11.1 Avigilon Corporation
11.1.1 Company Overview
11.1.3 Products & Services
11.1.4 Recent Developments
11.2 Cisco Systems , Inc.
11.2.1 Company Overview
11.2.3 Products & Services
11.2.4 Recent Developments
11.3 International Business Machines Corporation
11.3.1 Company Overview
11.3.3 Products & Services
11.3.4 Recent Developments
11.4 Aventura Technologies Inc.
11.4.1 Company Overview
11.4.3 Products & Services
11.4.4 Recent Developments
11.5 Genetec Inc.
11.5.1 Company Overview
11.5.3 Products & Services
11.5.4 Recent Developments
11.6 Axis Communications
11.6.1 Company Overview
11.6.3 Products & Services
11.6.4 Recent Developments
11.7 Honeywell International Inc.
11.7.1 Company Overview
11.7.3 Products & Services
11.7.4 Recent Developments
11.8 Agent Video Intelligence
11.8.1 Company Overview
11.8.3 Products & Services
11.8.4 Recent Developments
11.9.1 Company Overview
11.9.3 Products & Services
11.9.4 Recent Developments
11.10 Intuition, Inc.
11.10.1 Company Overview
11.10.3 Products & Services
11.10.4 Recent Developments
12. Investment Analysis
12.1 Investor Outlook
12.2 Recent Mergers & Acquistions
13. Future Outlook of Video Analytics