Video Analytics Market Increasing at A Phenomenal Pace to Reach USD 28.69 Billion By 2032

According to the report, the global Video Analytics market size was valued at approximately USD 8.29 billion in 2023 and is predicted to reach around USD 28.69 billion by the end of 2032, expanding at a CAGR of around 14.79% from 2024 to 2032.

Increasing terrorist attacks, frequency, and intensity of security breaches are estimated to be key driving factors for the video analytics market in years to come. Furthermore, rising demand for improved security arrangements, government investments especially in the U.S. and U.K. in emerging technologies to enhance public safety infrastructure, the advent of industrial automation and demand for actionable insights are the key driving factors predicted to flourish the growth of video analytics market in the forecast period.

Installation of video surveillance cameras in public places such as airports, railway stations, hypermarkets, hospitals, hotels, and shopping malls across the globe will contribute to the growth of the market massively. However, bandwidth and storage issues are expected to restrict video analytics market growth.  Even so, the growing inclination towards technologies such as IoT, AI, and machine learning is estimated to open new alluring opportunities for the video analytics market shortly.

The presence of Big Players in The Region supports North American Dominance

With the largest share, North America was a leading regional market for video analytics in 2023 followed by Europe. The growth of this region is mainly attributed to increasing demand for transportation and retail industry verticals. U.S. and Western Europe will be opportunist regions for the video analytics market owing to public sector investments in emerging technologies to enhance public safety infrastructure.

Asia Pacific is expected to grow with the highest CADR during the analysis period. Latin America is expected to witness substantial growth owing to rising demand for improved security arrangements. The global video analytics market is segmented as follows:

Browse the full “Video Analytics Market By Type (Software and Services), By Deployment (Cloud and On-premise), By Application (Crowd Management, Facial Recognition, Intrusion Detection, License Plate Recognition, Motion Detection, and Others), By End-use (BFSI, City, Critical Infrastructure, Education, Government, Retail, Transportation, and Others),  and By Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 – 2032” Report at https://www.zionmarketresearch.com/report/video-analytics-market

Some of key players in video analytics market are Cisco, Avigilon, Axis Communications, AllGoVision, Agent VI, Aventura Systems, i2V, Genetec, IntelliVision, PureTech Systems, intuVision, Qognify, iOmniscient, Honeywell, BriefCam, Digital Barriers, IBM, IPSOTEK, Gorilla Technology, Viseum, KiwiSecurity, DELOPT, Intelligent Security Systems, Hikvision, Verint, Huawei, Senstar, Dahua, Identiv, and Bosch Security, among others. 

By Type

• Services
• Software

By Deployment

• Cloud
• On Premise

By Application

• Crowd Management
• Facial Recognition
• Intrusion Detection
• License Plate Recognition
• Motion Detection
• Others

By End Use

• BFSI
• City
• Critical Infrastructure
• Education
• Government
• Retail
• Transportation
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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