Video Analytics Market Growth and Development Insight - Size, Share, Growth, and Industry Analysis - MarkNtel Advisors

 According to Markntel Advisors Report, Video Analytics Market is expected to grow at a significant growth rate, and the analysis period is 2024-2030, considering the base year as 2023. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

Video analytics is the automated processing & analysis of video material generated, acquired, or monitored by computers during surveillance. Through analytics of monitored surroundings, the computer distinguishes traits, events, patterns, and attributes of individuals or objects, while ignoring irrelevant behaviors. Industry monitoring, city surveillance, and social media generate large amounts of unstructured video data. Moreover, this software can also be used for analyzing, organizing, & communicating video data insights to help in decision-making.

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Global Video Analytics Market Research Report & Summary:

The Global Video Analytics Market is anticipated to witness around 23.3% CAGR during the forecast period, i.e., 2024-30.       

Time Period Captured in the Report:

·         Historical Years: 2019-22

·         Base Years: 2023

·         Forecast Years: 2024-2030

Who are the Key Players Operating in the Video Analytics Market?

The top companies of the Video Analytics Market ruling the industry 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, Bosch Security

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Video Analytics Industry Recent Development:

·         On 5 January 2023, Bosch added Flexidome 5100i fixed cameras integrated with Deep Learning video analytics and designed for building security using IVA Pro (Intelligent Video Analytics Pro) Buildings Pack. They support reliable intrusion detection and accurate people counting in crowded areas, especially in & around buildings.

What is Included in Video Analytics Market Segmentation?

The Video Analytics Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

-By Component

-Service

-Software

-By Deployment

-On-Premises

-Cloud

-By Application

-Incident Detection

-Intrusion Management

-People/Crowd Counting

-Traffic Monitoring

-ANPR

-Facial Recognition

-Others (AR and Ego-Motion Estimation)

-By Type

-Edged-Based

-Server-Based

-By Vertical

-Banking, Financial Services, and Insurance (BFSI)

-City Surveillance

-Critical Infrastructure

-Education

-Hospitality and Entertainment

-Manufacturing

-Defense and Border Security

-Retail

-Traffic Management

-Transportation and Logistics

-Others (Healthcare and Life Sciences, and Construction)

-By Region

-North America

-South America

-Europe

-Asia Pacific

-Middle East and Africa

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Market Dynamics -Global Video Analytics Market:

Snowballing Requirements for Real-Time Incident Detection - Video analytics software helps generate instantaneous warnings across numerous business sectors and improve situational awareness. It may assist in the detection, classification, & tracking of behavioral patterns and specified objects in live or recorded video streams. High-performance capabilities of such solutions can help transform standard surveillance networks into intelligent detection & alert systems for automobiles, people, & static objects.

Moreover, many private/public or government entities are establishing numerous network lines to compute critical videos for better analytics. Furthermore, real-time event detection has aided in reducing crimes, thefts, & other criminal activities, coupled with the overall social condition & international trade climate. Hence, all aspects cited above are projected to drive the market during 2024-30.

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Why Markntel Advisor Report?

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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