US Video Analytics Market Size, Share & Trends Analysis Report by Deployment Type (Cloud-Based and On-Premises) and by Application (BFSI, Healthcare, Retail, Government & Defense, Traffic Management, and Others) and Forecast, 2019-2025.
US video analytics market is estimated to grow signifcantly at a CAGR of around 27.3% during the forecast period. The US is contributing significantly to the growth of the North American video analytics market owing to the demand for technologically enhanced public safety infrastructure and increasing demand for business intelligence. Agencies across the federal government have started a variety of R&D efforts for the creation of new analytic technologies to make their video data more accessible, to make their video management systems more efficient, effective, and useable, and to explore new uses of video to advance science, enhance health and quality of life, and keep the public safe, secure, and well-informed. Video surveillance laws continue to grow in this region. Video analytics in the U.S. is growing partially in response to the 9/11 attack. Every organization, hotels, households, industries are installing CCTV with embedded video analytics software.
There is wide use of automatic number plate recognition system (ANPR) in the US law enforcement agencies and government. According to Police Forum Organization, approximately 71% of the US police use ANPR to improve traffic management across the region. Further, ANPR is also used by municipal agencies for the recovery of stolen vehicles identification of wanted felons, and revenue collection. With the implementation of video analytics technology, many US states now issued fine up to $500 when a license plate is identified as expired or on the incorrect vehicle. At that moment, there cognized plates are matched with the existing databases including gang member, wanted person, a missing person, known and suspected terrorist, and national sex offender lists.
The companies which are contributing to the growth of the US video analytics market include Bosch Security Systems, Inc., Cisco Systems, Inc., Aventura Technologies, Inc., Honeywell International Inc., and IBM Corp. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market.
Research Methodology
The market study of the US video analytics market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors.
Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to the reports.
Secondary Sources Include:
The report provides an in-depth analysis of market size, various services offered by the players, and market opportunity. The report will serve as a source for 360-degree analysis of the market delivering insights for making better business decisions.
Market Segmentation:
1. US Video Analytics Market Research and Analysis by Deployment Type
2. US Video Analytics Market Research and Analysis by Application
The Report covers:
US video analytics market is estimated to grow signifcantly at a CAGR of around 27.3% during the forecast period. The US is contributing significantly to the growth of the North American video analytics market owing to the demand for technologically enhanced public safety infrastructure and increasing demand for business intelligence. Agencies across the federal government have started a variety of R&D efforts for the creation of new analytic technologies to make their video data more accessible, to make their video management systems more efficient, effective, and useable, and to explore new uses of video to advance science, enhance health and quality of life, and keep the public safe, secure, and well-informed. Video surveillance laws continue to grow in this region. Video analytics in the U.S. is growing partially in response to the 9/11 attack. Every organization, hotels, households, industries are installing CCTV with embedded video analytics software.
There is wide use of automatic number plate recognition system (ANPR) in the US law enforcement agencies and government. According to Police Forum Organization, approximately 71% of the US police use ANPR to improve traffic management across the region. Further, ANPR is also used by municipal agencies for the recovery of stolen vehicles identification of wanted felons, and revenue collection. With the implementation of video analytics technology, many US states now issued fine up to $500 when a license plate is identified as expired or on the incorrect vehicle. At that moment, there cognized plates are matched with the existing databases including gang member, wanted person, a missing person, known and suspected terrorist, and national sex offender lists.
The companies which are contributing to the growth of the US video analytics market include Bosch Security Systems, Inc., Cisco Systems, Inc., Aventura Technologies, Inc., Honeywell International Inc., and IBM Corp. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market.
Research Methodology
The market study of the US video analytics market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors.
Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to the reports.
Secondary Sources Include:
- Financial reports of companies involved in the market.
- Whitepapers, research-papers, and news blogs.
- Company websites and their product catalog.
The report provides an in-depth analysis of market size, various services offered by the players, and market opportunity. The report will serve as a source for 360-degree analysis of the market delivering insights for making better business decisions.
Market Segmentation:
1. US Video Analytics Market Research and Analysis by Deployment Type
2. US Video Analytics Market Research and Analysis by Application
The Report covers:
- Comprehensive research methodology of the US video analytics market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the US video analytics market.
- Insights about market determinants which are stimulating the US video analytics market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Table of Contents
1. Report Summary
2. Market Overview and Insights
3. Competitive Landscape
4. Market Determinants
5. Market Segmentation
6. Company Profiles
LIST OF TABLES
LIST OF FIGURES
Companies Mentioned
A selection of companies mentioned in this report includes:
- Alarm.com Inc.
- Aventura Technologies, Inc.
- Bosch Security Systems, Inc.
- BriefCam Ltd.
- Canon Inc.
- CheckVideo, LLC
- Cisco Systems, Inc.
- Honeywell International Inc.
- IBM Corp.
- Identiv, Inc.
- IntelliVision (Nortek Security & Control LLC)
- ObjectVideo, Inc.
- SightLogix, Inc.
- Sony Corp.
- The Infinova Group
- United Technologies Corp.
