HOME Top Market Reports Video Analytics Market by Type (Software and Services), Application (Intrusion Management, Incident Detection, Crowd/People Counting, Traffic Monitoring, ANPR, Facial Recognition), Deployment Model, Vertical, and Region - Global Forecast to 2022

Video Analytics Market by Type (Software and Services), Application (Intrusion Management, Incident Detection, Crowd/People Counting, Traffic Monitoring, ANPR, Facial Recognition), Deployment Model, Vertical, and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: April 2017
Report Code: TC 3523

 

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The video analytics market size is projected to grow from USD 2.61 Billion in 2017 to USD 11.17 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 33.7% during the forecast period. The base year considered for this report is 2016 and the forecast period is 2017–2022.

Objectives of the Study:

The main objective of this report is to define, describe, and forecast the global video analytics market, on the basis of types, deployment models, applications, verticals, and regions. The report provides detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges). It aims to strategically analyze micro markets with respect to individual growth trends, future prospects, and their contribution to the total market. The report attempts to forecast the market size with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and Latin America. It strategically profiles key players and comprehensively analyzes their core competencies. This report also tracks and analyzes competitive developments, such as joint ventures, acquisitions, new product developments, and R&D activities in the market.

The research methodology used to estimate and forecast the video analytics market begins with capturing data on the key vendor’s revenues through a secondary research. The sources referred for secondary research include Hoover’s, Bloomberg Businessweek, Factiva, and OneSource. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all segments and subsegments. The breakdown of primary profiles is depicted in the below figure:

Video Analytics Market

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The video analytics ecosystem comprises software and service providers, such as  Cisco Systems (U.S.), Honeywell International Inc. (U.S.), IBM Corporation (U.S.), Axis Communication (U.S.), Agent Video Intelligent (U.S.), AllGoVision Technologies Pvt. Ltd.(India), Avigilon Corporation (Australia), Aventura Technologies Inc. (U.S.), Genetec Inc. (Canada), I2V System Private Ltd.(India), Intellivision Technologies (U.S.), IntuVision (U.S.), PureTech Systems Inc. (U.S.),  and Qognify (U.S.)

Key Target Audience:

  • Video analytics software vendors
  • Video surveillance system providers
  • Internet Service Providers (ISPs)
  • Cloud Service Providers (CSPs)
  • Managed Service Providers (MSPs)
  • System integrators
  • Networking companies
  • Third-party providers
  • Value-Added Resellers (VARs)
  • Government agencies
  • Consultants/consultancies/advisory firms
  • Support and maintenance service providers
  • Technology providers

“Study answers several questions for the stakeholders, primarily which market segments to focus in the next two to five years for prioritizing the efforts and investments.”

Scope of the Report:

The research report categorizes the video analytics market to forecast the revenues and analyzes the trends in each of the following subsegments:

By Type:

  • Software
  • Services

By Deployment Model:

  • On-Premises
  • On-Demand

By Application:

  • Incident Detection
  • Intrusion Management
  • People/Crowd Counting
  • Traffic Monitoring
  • Automatic Number Plate Recognition(ANPR)
  • Facial Recognition
  • Other Applications

By Vertical:

  • Transportation
  • Critical Infrastructure Protection
  • Traffic Management
  • Border Security
  • Hospitality and Entertainment
  • City Surveillance
  • Banking, Financial Services, and Insurance
  • Retail
  • Education
  • Others

By Region:

  • North America
  • Europe
  • MEA
  • APAC
  • Latin America

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis:

Product matrix gives a detailed comparison of product portfolio of each company.

Geographic Analysis:

  • Further breakdown of the North America video analytics market
  • Further breakdown of the Europe market
  • Further breakdown of the APAC market
  • Further breakdown of the MEA market
  • Further breakdown of the Latin America market

Company Information:

Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Years Considered for the Study
    1.5 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Micro-Quadrant Research Methodology
           2.3.1 Vendor Inclusion Criteria
    2.4 Research Assumptions
    2.5 Limitations

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Market Opportunities in the Video Analytics Market
    4.2 Market Share Across Various Regions
    4.3 Market By Industry Vertical and Region
    4.4 Lifecycle Analysis, By Region, 2017

5 Market Overview and Industry Trends (Page No. - 37)
    5.1 Market Overview
           5.1.1 Introduction
           5.1.2 Market Dynamics
                    5.1.2.1 Drivers
                               5.1.2.1.1 Demand for Actionable Insights Derived From the Ever-Increasing Data Pool in Organizations
                               5.1.2.1.2 Government Investments Into Emerging Technologies to Enhance Public Safety Infrastructure
                    5.1.2.2 Restraints
                               5.1.2.2.1 High Investment Cost With Respect to Supporting Hardware
                               5.1.2.2.2 Bandwidth and Storage Issues
                    5.1.2.3 Opportunities
                               5.1.2.3.1 Advent of Industrial Automation
                               5.1.2.3.2 Growing Inclination Towards Various Technologies Such as IoT, Machine Learning, and AI
                               5.1.2.3.3 Huge Demand of Video Analytics in Non-Government Sectors Such as Retail and Entertainment
                               5.1.2.3.4 High Demand for Recognition Application
                               5.1.2.3.5 Demand for Improved Efficiency Levels of Video Surveillance
                    5.1.2.4 Challenges
                               5.1.2.4.1 Difficulties With the Remote and Isolated Locations
                               5.1.2.4.2 Issues of False Alarms and Lack of Reliability
    5.2 Industry Trends
           5.2.1 Introduction
           5.2.2 Video Analytics Use Cases
                    5.2.2.1 Introduction
                    5.2.2.2 Use Case #1: Allgovision: Indian Railways
                    5.2.2.3 Use Case #2: Honeywell International Incorporation: Groupama Group
                    5.2.2.4 Use Case #3: Avigilon: King Abdulaziz International Airport
                    5.2.2.5 Use Case #4: Genetec: Bank of Rakyat
                    5.2.2.6 Use Case #5: Kairos: Global Marketing Advertising
           5.2.3 Video Analytics Software, By Architecture
                    5.2.3.1 Server-Based Architecture
                    5.2.3.2 Edge-Based Architecture

6 Video Analytics Market Analysis, By Type (Page No. - 52)
    6.1 Introduction
    6.2 Software
    6.3 Services
           6.3.1 Managed Services
           6.3.2 Professional Services

7 Video Analytics Market Analysis, By Deployment Model (Page No. - 56)
    7.1 Introduction
    7.2 On-Premises
    7.3 On-Demand

8 Video Analytics Market Analysis, By Application (Page No. - 62)
    8.1 Introduction
    8.2 Incident Detection
    8.3 Intrusion Management
    8.4 People/Crowd Counting
    8.5 Traffic Monitoring
    8.6 Automatic Number Plate Recognition
    8.7 Facial Recognition
    8.8 Other Applications

9 Video Analytics Market Analysis, By Vertical (Page No. - 71)
    9.1 Introduction
    9.2 Transportation
    9.3 Critical Infrastructure Protection
    9.4 Traffic Management
    9.5 Border Security
    9.6 Hospitality and Entertainment
    9.7 City Surveillance
    9.8 Banking, Financial Services, and Insurance
    9.9 Retail
    9.10 Education
    9.11 Others

10 Geographic Analysis (Page No. - 89)
     10.1 Introduction
     10.2 North America
     10.3 Europe
     10.4 Asia-Pacific
     10.5 Latin America
     10.6 Middle East and Africa

11 Competitive Landscape (Page No. - 108)
     11.1 Introduction
             11.1.1 Vanguards
             11.1.2 Innovators
             11.1.3 Dynamic
             11.1.4 Emerging
     11.2 Microquadrant
     11.3 Video Analytics Market: Product Offering
     11.4 Video Analytics Market: Business Strategy

12 Company Profiles (Page No. - 112)
     12.1 Cisco Systems, Inc.
             12.1.1 Overview
             12.1.2 Company Scorecard
             12.1.3 Product Offering
             12.1.4 Business Strategy
             12.1.5 Recent Developments
             12.1.6 MnM View
             12.1.7 Key Relationships
     12.2 Honeywell International Incorporation
             12.2.1 Overview
             12.2.2 Product Offering
             12.2.3 Business Strategy
             12.2.4 Recent Developments
             12.2.5 MnM View
             12.2.6 Key Relationships
     12.3 International Business Machines Corporation
             12.3.1 Overview
             12.3.2 Company Scorecard
             12.3.3 Product Offering
             12.3.4 Business Strategy
             12.3.5 Recent Developments
             12.3.6 MnM View
             12.3.7 Key Relationships
     12.4 Axis Communications
             12.4.1 Overview
             12.4.2 Company Scorecard
             12.4.3 Product Offering
             12.4.4 Business Strategy
             12.4.5 Recent Developments
             12.4.6 MnM View
             12.4.7 Key Relationships
     12.5 Agent Video Intelligence Ltd.
             12.5.1 Overview
             12.5.2 Company Scorecard
             12.5.3 Product Offering
             12.5.4 Business Strategy
             12.5.5 Recent Developments
             12.5.6 MnM View
             12.5.7 Key Relationships
     12.6 Allgovision Technologies Pvt. Ltd.
             12.6.1 Overview
             12.6.2 Company Scorecard
             12.6.3 Product Offering
             12.6.4 Business Strategy
             12.6.5 Recent Developments
             12.6.6 MnM View
             12.6.7 Key Relationships
     12.7 Avigilon Corporation
             12.7.1 Overview
             12.7.2 Company Scorecard
             12.7.3 Product Offering
             12.7.4 Business Strategy
             12.7.5 Recent Developments
             12.7.6 MnM View
             12.7.7 Key Relationships
     12.8 Aventura Technologies Inc.
             12.8.1 Overview
             12.8.2 Company Scorecard
             12.8.3 Product Offering
             12.8.4 Business Strategy
             12.8.5 Recent Developments
             12.8.6 Key Relationships
     12.9 Genetec Inc.
             12.9.1 Overview
             12.9.2 Company Scorecard
             12.9.3 Product Offering
             12.9.4 Business Strategy
             12.9.5 Recent Developments
             12.9.6 Key Relationships
     12.10 I2V Systems Private Ltd.
             12.10.1 Overview
             12.10.2 Company Scorecard
             12.10.3 Product Offering
             12.10.4 Business Strategy
             12.10.5 Recent Developments
             12.10.6 Key Relationships
     12.11 Intellivision Technologies Private Ltd.
             12.11.1 Overview
             12.11.2 Company Scorecard
             12.11.3 Product Offering
             12.11.4 Business Strategy
             12.11.5 Recent Developments
             12.11.6 MnM View
             12.11.7 Key Relationships
     12.12 Intuvision, Inc.
             12.12.1 Overview
             12.12.2 Company Scorecard
             12.12.3 Product Offering
             12.12.4 Business Strategy
             12.12.5 Recent Developments
             12.12.6 Key Relationships
     12.13 Puretech Systems Inc.
             12.13.1 Overview
             12.13.2 Company Scorecard
             12.13.3 Product Offering
             12.13.4 Business Strategy
             12.13.5 Recent Developments
             12.13.6 MnM View
             12.13.7 Key Relationships
     12.14 Qognify
             12.14.1 Overview
             12.14.2 Company Scorecard
             12.14.3 Product Offering
             12.14.4 Business Strategy
             12.14.5 Recent Developments
             12.14.6 Key Relationships

13 Appendix (Page No. - 164)
     13.1 Key Insights
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Available Customization
     13.4 Related Reports


List of Tables (68 Tables)

Table 1 Video Analytics Market Size, By Type, 2015–2022 (USD Million)
Table 2 Software: Market Size, By Region, 2015–2022 (USD Million)
Table 3 Services: Market Size, By Region, 2015–2022 (USD Million)
Table 4 Video Analytics Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 5 On-Premises: Market Size, By Region, 2015–2022 (USD Million)
Table 6 On-Premises: Market Size, By Vertical, 2015–2022 (USD Million)
Table 7 On-Demand: Market Size, By Region, 2015–2022 (USD Million)
Table 8 On-Demand: Market Size, By Vertical, 2015–2022 (USD Million)
Table 9 Video Analytics Market Size, By Application, 2015–2022 (USD Million)
Table 10 Incident Detection: Market Size, By Region, 2015–2022 (USD Million)
Table 11 Intrusion Management: Market Size, By Region, 2015–2022 (USD Million)
Table 12 People/Crowd Counting: Market Size, By Region, 2015–2022 (USD Million)
Table 13 Traffic Monitoring: Market Size, By Region, 2015–2022 (USD Million)
Table 14 Automatic Number Plate Recognition: Market Size, By Region, 2015–2022 (USD Million)
Table 15 Facial Recognition: Market Size, By Region, 2015–2022 (USD Million)
Table 16 Other Applications: Market Size, By Region, 2015–2022 (USD Million)
Table 17 Video Analytics Market Size, By Vertical, 2015–2022 (USD Million)
Table 18 Transportation: Market Size, By Region, 2015–2022 (USD Million)
Table 19 Transportation: Market Size, By Type, 2015–2022 (USD Million)
Table 20 Transportation: Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 21 Critical Infrastructure Protection: Market Size, By Region, 2015–2022 (USD Million)
Table 22 Critical Infrastructure Protection: Market Size, By Type, 2015–2022 (USD Million)
Table 23 Critical Infrastructure Protection: Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 24 Traffic Management: Market Size, By Region, 2015–2022 (USD Million)
Table 25 Traffic Management: Market Size, By Type, 2015–2022 (USD Million)
Table 26 Traffic Management: Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 27 Border Security: Market Size, By Region, 2015–2022 (USD Million)
Table 28 Border Security: Market Size, By Type, 2015–2022 (USD Million)
Table 29 Border Security: Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 30 Hospitality and Entertainment: Market Size, By Region, 2015–2022 (USD Million)
Table 31 Hospitality and Entertainment: Market Size, By Type, 2015–2022 (USD Million)
Table 32 Hospitality and Entertainment: Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 33 City Surveillance: Market Size, By Region, 2015–2022 (USD Million)
Table 34 City Surveillance: Market Size, By Type, 2015–2022 (USD Million)
Table 35 City Surveillance: Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 36 Banking, Financial Services, and Insurance: Market Size, By Region, 2015–2022 (USD Million)
Table 37 Banking, Financial Services and Insurance: Market Size, By Type, 2015–2022 (USD Million)
Table 38 Banking, Financial Services, and Insurance: Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 39 Retail: Video Analytics Market Size, By Region, 2015–2022 (USD Million)
Table 40 Retail: Market Size, By Type, 2015–2022 (USD Million)
Table 41 Retail: Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 42 Education: Market Size, By Region, 2015–2022 (USD Million)
Table 43 Education: Market Size, By Type, 2015–2022 (USD Million)
Table 44 Education: Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 45 Others: Market Size, By Region, 2015–2022 (USD Million)
Table 46 Others: Market Size, By Type, 2015–2022 (USD Million)
Table 47 Others: Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 48 Video Analytics Market Size, By Region, 2015–2022 (USD Million)
Table 49 North America: Market Size, By Vertical, 2015–2022 (USD Million)
Table 50 North America: Market Size, By Type, 2015–2022 (USD Million)
Table 51 North America: Market Size, By Application, 2015–2022 (USD Million)
Table 52 North America: Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 53 Europe: Market Size, By Vertical, 2015–2022 (USD Million)
Table 54 Europe: Market Size, By Type, 2015–2022 (USD Million)
Table 55 Europe: Market Size, By Application, 2015–2022 (USD Million)
Table 56 Europe: Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 57 Asia-Pacific: Video Analytics Market Size, By Vertical, 2015–2022 (USD Million)
Table 58 Asia-Pacific: Market Size, By Type, 2015–2022 (USD Million)
Table 59 Asia-Pacific: Market Size, By Application, 2015–2022 (USD Million)
Table 60 Asia-Pacific: Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 61 Latin America: Market Size, By Vertical, 2015–2022 (USD Million)
Table 62 Latin America: Market Size, By Type, 2015–2022 (USD Million)
Table 63 Latin America: Market Size, By Application, 2015–2022 (USD Million)
Table 64 Latin America: Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 65 Middle East and Africa: Video Analytics Market Size, By Vertical, 2015–2022 (USD Million)
Table 66 Middle East and Africa: Market Size, By Type, 2015–2022 (USD Million)
Table 67 Middle East and Africa: Market Size, By Application, 2015–2022 (USD Million)
Table 68 Middle East and Africa: Market Size, By Deployment Model, 2015–2022 (USD Million)


List of Figures (68 Figures)

Figure 1 Video Analytics Market: Market Segmentation
Figure 2 Regional Scope
Figure 3 Video Analytics Market: Research Design
Figure 4 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 5 Data Triangulation
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Market Size Estimation Methodology: Top-Down Approach
Figure 8 Evaluation Criteria
Figure 9 Video Analytics Market: Assumptions
Figure 10 Video Analytics Market: Evolution
Figure 11 Market is Poised to Witness Growth Globally During the Forecast Period
Figure 12 Market Snapshot By Types (2017 vs 2022)
Figure 13 Market Snapshot By Applications (2017–2022)
Figure 14 Market Snapshot By Deployment Models (2017–2022)
Figure 15 Market Snapshot By Industry Verticals (2017 vs 2022)
Figure 16 High Demand for Actionable Insights From Video Streams is Driving the Video Analytics Market in the Forecast Period
Figure 17 The Market in North America is Estimated to Dominate the Global Video Analytics Market in 2017
Figure 18 Transportation & Critical Infrastructure Protection and North America are Estimated to Have the Largest Market Sizes in 2017
Figure 19 Asia-Pacific to Enter Exponential Growth Phase During 2017–2022
Figure 20 Video Analytics Market: Drivers, Restraints, Opportunities, and Challenges
Figure 21 Smart Cities Market
Figure 22 Connected Cities Investment in IoT
Figure 23 Server-Based Implementation
Figure 24 Edge-Based Implementation
Figure 25 Software Type is Expected to Have the Largest Market Size During the Forecast Period
Figure 26 On-Premises Deployment Model is Expected to Have the Largest Market Size During the Forecast Period
Figure 27 Facial Recognition Segment is Expected to Have the Highest CAGR During the Forecast Period
Figure 28 Transportation Vertical is Expected to Have the Highest CAGR During the Forecast Period
Figure 29 North America is Expected to Have the Largest Market Size in the Video Analytics Market During the Forecast Period
Figure 30 North America Market Snapshot
Figure 31 Asia-Pacific Market Snapshot
Figure 32 Cisco Systems, Inc.: Company Snapshot
Figure 33 Cisco Systems, Inc.: Product Offering Scorecard
Figure 34 Cisco Systems, Inc.: Business Strategy Scorecard
Figure 35 Honeywell International Incorporation: Company Snapshot
Figure 36 Honeywell International Incorporation: Product Offering Scorecard
Figure 37 Honeywell International Incorporation: Business Strategy Scorecard
Figure 38 International Business Machines Corporation: Company Snapshot
Figure 39 International Business Machines Corporation: Product Offering Scorecard
Figure 40 International Business Machines Corporation: Business Strategy Scorecard
Figure 41 Axis Communications: Company Snapshot
Figure 42 Axis Communications: Product Offering Scorecard
Figure 43 Axis Communications: Business Strategy Scorecard
Figure 44 Agent Video Intelligence Ltd.: Company Snapshot
Figure 45 Agent Video Intelligence Ltd.: Product Offering Scorecard
Figure 46 Agent Video Intelligence Ltd.: Business Strategy Scorecard
Figure 47 Allgovision Technologies Pvt. Ltd.: Company Snapshot
Figure 48 Allgovision Technologies Pvt. Ltd.: Product Offering Scorecard
Figure 49 Allgovision Technologies Pvt. Ltd.: Business Strategy Scorecard
Figure 50 Avigilon Corporation: Company Snapshot
Figure 51 Avigilon Corporation: Product Offering Scorecard
Figure 52 Avigilon Corporation: Business Strategy Scorecard
Figure 53 Aventura Technologies Inc.: Product Offering Scorecard
Figure 54 Aventura Technologies Inc.: Business Strategy Scorecard
Figure 55 Genetec Inc.: Company Snapshot
Figure 56 Genetec Inc.: Product Offering Scorecard
Figure 57 Genetec Inc.: Business Strategy Scorecard
Figure 58 I2V Systems Private Ltd.: Product Offering Scorecard
Figure 59 I2V Systems Private Ltd.: Business Strategy Scorecard
Figure 60 Intellivision Technologies Private Ltd.: Product Offering Scorecard
Figure 61 Intellivision Technologies Private Ltd.: Business Strategy Scorecard
Figure 62 Intuvision, Inc.: Product Offering Scorecard
Figure 63 Intuvision, Inc.: Business Strategy Scorecard
Figure 64 Puretech Systems Inc.: Company Snapshot
Figure 65 Puretech Systems Inc.: Product Offering Scorecard
Figure 66 Puretech Systems Inc.: Business Strategy Scorecard
Figure 67 Qognify: Product Offering Scorecard
Figure 68 Qognify: Business Strategy Scorecard

The video analytics market is projected to grow from USD 2.61 Billion in 2017 to USD 11.17 Billion by 2022, at a high Compound Annual Growth Rate (CAGR) of 33.7% during the forecast period. Demand for actionable insights derived from ever increasing organizations’ data pool government investments in emerging technologies to enhance public safety infrastructure are the key drivers that propel the growth of the video analytics market.

The report provides detailed insights into the global video analytics market, which is segmented on the basis of types, deployment models, applications, verticals, and regions. In the market by type, the software segment is expected to hold the largest market share due to the increasing adoption among organizations in all verticals. Integration of analytics into video cameras and systems has provided much needed assistance to the enterprises for automated monitoring and surveillance vis-ŕ-vis physical monitoring by the guards over CCTV cameras. Moreover, the salient features offered by the high-end video analytics software such as incident detection, traffic monitoring, facial recognition, and intrusion management are encouraging the enterprises to adopt the video analytics technology.

The on-premises deployment model is expected to witness a high adoption rate compared to the on-demand deployment model. Organizations’ vulnerability to security breaches as well as the right to safeguard the personally identifiable information data captured through cameras is restricting them to move their data to the cloud. The transportation vertical is expected to have both the largest market share as well highest growth rate during the forecasted period. The transportation vertical covers all modes of transit including airport, maritime, subways, railways, and other public transit. In order to automate the surveillance and operational needs at airports, for example, video analytics plays a significant role. Video cameras on airports have been deployed long back for surveillance purposes. With the deployment of video analytics, the recorded footages from these could be used to gain real-time insights and facilitate taking crucial decisions without delay. Similarly, video analytics is also aggressively deployed at a large scale in railway stations to manage crowd, get security alerts, and detect unattended baggage. In India, the deployment of intelligent video analytics in railways is providing significant results. Video analytics has helped Railway Protection Force (RPF) and Government Railway Police (GRP) to get timely alerts when large crowd builds up at station premises.

Video Analytics Market

The video analytics market in North America is poised to grow at a very significant pace. After the 9/11 attack, the deployment of video surveillance cameras has increased substantially in the region. The deployment of video analytics is expected to leverage further in the region owing to the increasing security concerns by the government bodies in the U.S., which are swiftly deploying advanced video analytics solutions to nab the culprits and bringing them to books easily. Moreover, the presence of major video analytics companies such as Agent Video Intelligence (Agent Vi), Genetec, IBM, Cisco, and Honeywell further propels the growth of video analytics software in the region.

High investment costs with respect to supporting hardware, and bandwidth & storage issues are the restraining factors for the growth of the video analytics market. Difficulties with the remote and isolated locations, issues of false alarms, and lack of reliability are some of the hurdles in the adoption of video analytics software and solutions.

Most of the vendors have adopted acquisitions, agreements, collaborations & partnerships, new product launches, product upgradations, and expansions as the key strategy to enhance their client base and customer experience. For instance, in March 2016, Honeywell acquired RSI Video Technologies, a leading worldwide provider of intrusion detection systems. This has increased Honeywell’s capability to meet the ever growing demand for video verification and professional monitoring. The strategy of new product launches has also been adopted by top players to enhance their presence in this market. For example, in April 2016, Axis Communications introduced its large-scale perimeter protection solution, AXIS Perimeter Defender, a high-end video analytics application for intrusion detection for the enterprise market.

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