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Asia Pacific Video Analytics in Banking Market Size, Share & Industry Trends Analysis Report By Component (Software, and Services), By Application, By Deployment Mode (On-premise, and Cloud), By Country and Growth Forecast, 2023 - 2030

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    Report

  • 125 Pages
  • August 2023
  • Region: Asia Pacific
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5886721
The Asia Pacific Video Analytics in Banking Market should witness market growth of 25.9% CAGR during the forecast period (2023-2030).

The need for video analytics systems has increased recently, as these systems make monitoring the health of operating room personnel easier. For example, during the pandemic, there were more requests for developing a system for observing the social distance between visitors and if a visitor is wearing personal protective equipment. Such demands can be met by new video analysis tools. Computer vision technologies, high-resolution digital cameras, neural network techniques and machine learning, and cloud image processing storage are used to accomplish such tasks in video analytics systems.

Such computer programs may determine whether a visitor to a room is wearing a mask. The entrance door can be locked if a guest hides their identity with a mask. If a visitor doesn't have a mask on, the system will advise using a dispenser to obtain one and carrying out the other steps required to enter a room or specific area. If the visitor doesn't want to enter the area, a bank can provide an ATM so that they can carry out the necessary tasks on their own.

The region has witnessed a surge in banks and branches due to the expansion of the banking industry. According to a recent estimate from the Government of China, 15,591 bank branches were refurbished last year, bringing the total number of bank branches in China's banking sector to 228,000 as of the end of 2019. A report from the China Banking Association states that more than 1 million ATMs have been placed by Chinese banks. By the end of 2018, they had processed transactions totaling 61.85 trillion yuan (approximately $8.8 trillion).

The governments of many nations are also adopting various steps to expand the BFSI industry in the region. For instance, by eliminating the $745 transaction cap and allowing banks to impose their restrictions, the Reserve Bank of India (RBI) has promoted mobile payments, one of the key drivers promoting the banking industry's growth. In addition, many people, especially in rural areas, have opened bank accounts due to the Government of lndia’s Pradhan Mantri Jan Dhan Yojana. Therefore, due to the expansion of the BFSI sector, the Asia Pacific market is bound to increase in the coming years.

The China market dominated the Asia Pacific Video Analytics in Banking Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $642 Million by 2030. The Japan market is registering a CAGR of 25.2% during (2023-2030). Additionally, India's market would showcase a CAGR of 26.8% during (2023-2030).

Based on Component, the market is segmented into Software, and Services. Based on Application, the market is segmented into Security & Fraud Detection, ATM Monitoring, Customer Behavior Analysis, Queue Management, and Others. Based on Deployment Mode, the market is segmented into On-premise, and Cloud. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Senstar Technologies Ltd., Zhejiang Dahua Technology Co., Ltd, Axis Communications AB (Canon, Inc.), AllGoVision Technologies Pvt. Ltd, IBM Corporation, Wipro Limited, Bosch Security Systems GmbH (Robert Bosch GmbH), Grekkom Technologies, Avigilon Corporation (Motorola Solutions), and Eagle Eye Networks, Inc.

Scope of the Study

By Component

  • Software
  • Services

By Application

  • Security & Fraud Detection
  • ATM Monitoring
  • Customer Behavior Analysis
  • Queue Management
  • Others

By Deployment Mode

  • On-premise
  • Cloud

By Country

  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific

Key Market Players

List of Companies Profiled in the Report:

  • Senstar Technologies Ltd.
  • Zhejiang Dahua Technology Co., Ltd
  • Axis Communications AB (Canon, Inc.)
  • AllGoVision Technologies Pvt. Ltd
  • IBM Corporation
  • Wipro Limited
  • Bosch Security Systems GmbH (Robert Bosch GmbH)
  • Grekkom Technologies
  • Avigilon Corporation (Motorola Solutions)
  • Eagle Eye Networks, Inc.

Unique Offerings

  • Exhaustive coverage
  • The highest number of Market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Video Analytics in Banking Market, by Component
1.4.2 Asia Pacific Video Analytics in Banking Market, by Application
1.4.3 Asia Pacific Video Analytics in Banking Market, by Deployment Mode
1.4.4 Asia Pacific Video Analytics in Banking Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 Market Share Analysis, 2022
4.2 Porter’s Five Forces Analysis
Chapter 5. Asia Pacific Video Analytics in Banking Market by Component
5.1 Asia Pacific Software Market by Country
5.2 Asia Pacific Services Market by Country
Chapter 6. Asia Pacific Video Analytics in Banking Market by Application
6.1 Asia Pacific Security & Fraud Detection Market by Country
6.2 Asia Pacific ATM Monitoring Market by Country
6.3 Asia Pacific Customer Behavior Analysis Market by Country
6.4 Asia Pacific Queue Management Market by Country
6.5 Asia Pacific Others Market by Country
Chapter 7. Asia Pacific Video Analytics in Banking Market by Deployment Mode
7.1 Asia Pacific On-premise Market by Country
7.2 Asia Pacific Cloud Market by Country
Chapter 8. Asia Pacific Video Analytics in Banking Market by Country
8.1 China Video Analytics in Banking Market
8.1.1 China Video Analytics in Banking Market by Component
8.1.2 China Video Analytics in Banking Market by Application
8.1.3 China Video Analytics in Banking Market by Deployment Mode
8.2 Japan Video Analytics in Banking Market
8.2.1 Japan Video Analytics in Banking Market by Component
8.2.2 Japan Video Analytics in Banking Market by Application
8.2.3 Japan Video Analytics in Banking Market by Deployment Mode
8.3 India Video Analytics in Banking Market
8.3.1 India Video Analytics in Banking Market by Component
8.3.2 India Video Analytics in Banking Market by Application
8.3.3 India Video Analytics in Banking Market by Deployment Mode
8.4 South Korea Video Analytics in Banking Market
8.4.1 South Korea Video Analytics in Banking Market by Component
8.4.2 South Korea Video Analytics in Banking Market by Application
8.4.3 South Korea Video Analytics in Banking Market by Deployment Mode
8.5 Singapore Video Analytics in Banking Market
8.5.1 Singapore Video Analytics in Banking Market by Component
8.5.2 Singapore Video Analytics in Banking Market by Application
8.5.3 Singapore Video Analytics in Banking Market by Deployment Mode
8.6 Malaysia Video Analytics in Banking Market
8.6.1 Malaysia Video Analytics in Banking Market by Component
8.6.2 Malaysia Video Analytics in Banking Market by Application
8.6.3 Malaysia Video Analytics in Banking Market by Deployment Mode
8.7 Rest of Asia Pacific Video Analytics in Banking Market
8.7.1 Rest of Asia Pacific Video Analytics in Banking Market by Component
8.7.2 Rest of Asia Pacific Video Analytics in Banking Market by Application
8.7.3 Rest of Asia Pacific Video Analytics in Banking Market by Deployment Mode
Chapter 9. Company Profiles
9.1 Senstar Technologies Ltd.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 SWOT Analysis
9.2 Zhejiang Dahua Technology Co., Ltd.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional Analysis
9.2.4 Product Development Expenses
9.2.5 SWOT Analysis
9.3 Axis Communications AB (Canon, Inc.)
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 SWOT Analysis
9.4 AllGoVision Technologies Pvt. Ltd
9.4.1 Company Overview
9.4.2 Recent strategies and developments:
9.4.2.1 Product Launches and Product Expansions:
9.4.3 SWOT Analysis
9.5 IBM Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 SWOT Analysis
9.6 Wipro Limited
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 SWOT Analysis
9.7 Bosch Security Systems GmbH (Robert Bosch GmbH)
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Product Launches and Product Expansions:
9.7.6 SWOT Analysis
9.8 Grekkom Technologies
9.8.1 Company Overview
9.8.2 SWOT Analysis
9.9 Avigilon Corporation (Motorola Solutions, Inc.)
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Regional & Segmental Analysis
9.9.4 Research & Development Expenses
9.9.5 Recent strategies and developments:
9.9.5.1 Product Launches and Product Expansions:
9.9.6 SWOT Analysis
9.10. Eagle Eye Networks, Inc.
9.10.1 Company Overview
9.10.2 Recent strategies and developments:
9.10.2.1 Acquisition and Mergers:
9.10.3 SWOT Analysis

Companies Mentioned

  • Senstar Technologies Ltd.
  • Zhejiang Dahua Technology Co., Ltd
  • Axis Communications AB (Canon, Inc.)
  • AllGoVision Technologies Pvt. Ltd
  • IBM Corporation
  • Wipro Limited
  • Bosch Security Systems GmbH (Robert Bosch GmbH)
  • Grekkom Technologies
  • Avigilon Corporation (Motorola Solutions)
  • Eagle Eye Networks, Inc.

Methodology

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