Video Analytics Market by Type (Software and Services), Application (Intrusion Management, Incident Detection, People/Crowd Counting, Traffic Monitoring), Deployment (On-Premises and Cloud), Vertical, and Region - Global Forecast to 2023

The video analytics market size is expected to grow from USD 2.77 Billion in 2017 to USD 8.55 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 21.5% during the forecast period. The base year considered for this study is 2017 and the forecast period is 2018–2023. With the increasing penetration of Internet of Things (IoT) and related technologies, such as big data and serverless architecture, the demand for video analytics solutions and services among enterprises is expected to grow significantly.

Objectives of the Study

• To describe and forecast the global video analytics market by type, application, deployment, vertical, and region
• To forecast the market size of the 5 major regional segments, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America
• To analyze the subsegments with respect to individual growth trends, prospects, and contribution to the total market
• To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
• To analyze the opportunities in the market for stakeholders and provide details of competitive landscape for the major players
• To profile the key players and comprehensively analyze their core competencies and positioning
• To track and analyze competitive developments, such as mergers and acquisitions, new product developments, and partnerships, agreements, and collaborations in the market

The research methodology used to estimate and forecast the video analytics market began with capturing the data on key vendor revenues through secondary research, such as Associations of Financial Professional and Information System Security Association. Vendor offerings were 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 arrive at the exact statistics for all the segments. The breakdown of primary profiles is depicted in the below figure:

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The video analytics ecosystem comprises service providers, such Aventura (US), Genetec (US), IntelliVision (US), intuVision (US), PureTech Systems (US), Cisco Systems (US), Honeywell (US), IBM (US), Axis Communications (Europe), Agent Vi (US), AllGoVision (APAC), Avigilon (US), iOmniscient (APAC), BriefCam (US), Digital Barriers (Europe), Aimetis (US), 3VR (US), Ipsotek (Europe), Gorilla Technology (APAC), KiwiSecurity (Europe), Intelligent Security Systems (US), Verint (US), Viseum (Europe), DELOPT (APAC), i2V (APAC), and Qognify (US). The other stakeholders of the video analytics market include systems integrators, application designers and development service providers, and network service providers.

Key Target Audience

• Training and consulting service providers
• Video analytics vendors
• Telecom service providers
• System integrators
• Cloud service providers
• Government agencies
• Managed service providers

 “The research 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 analyze the trends in each of the following submarkets:

By Type

• Software
• Services

By Deployment

• On-premises
• Cloud

By Application

• Incident Detection          
• Intrusion Management
• People/Crowd Counting
• Traffic Monitoring
• Automatic Number Plate Recognition
• Facial Recognition
• Others 

By Vertical

• BFSI
• City Surveillance
• Critical Infrastructure
• Education
• Hospitality and Entertainment
• Manufacturing
• Defense and Border Security
• Retail and Consumer Goods
• Traffic Management
• Transportation
• Others (Healthcare and Life Sciences, and Construction)

 By Region

• North America
  • United States
  • Canada
• Europe
  • United Kingdom (UK)
  • Germany
  • France
  • Rest of Europe
• Asia Pacific (APAC)
  • Japan
  • China
  • Australia and New Zealand (ANZ)
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East and Africa (MEA)
  • Kingdom of Saudi Arabia (KSA)
  • United Arab Emirates (UAE)
  • Qatar
  • Rest of MEA

Available Customizations

With the given market data, MarketsandMarkets offers customizations based on the company-specific needs.

Company Information

Detailed analysis and profiling of additional market players (up to 5).

Table of Contents

1 Introduction (Page No. - 16)
    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 Research Assumptions
    2.4 Limitations

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 29)
    4.1 Attractive Growth Opportunities in the Video Analytics Market
    4.2 Market By Type, 2018
    4.3 Market By Deployment, 2018
    4.4 Market By Application, 2018
    4.5 Market By Vertical, 2018
    4.6 Market Investment Scenario, 2018–2023

5 Market Overview and Industry Trends (Page No. - 33)
    5.1 Market Overview
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Disadvantages of Manual Video Analysis
                    5.2.1.2 Enterprises’ Demand for Actionable Insights From Video Data
                    5.2.1.3 Government Investments in Emerging Technologies to Enhance the Public Safety Infrastructure
                    5.2.1.4 Falling Prices of Video Surveillance Equipment
           5.2.2 Restraints
                    5.2.2.1 Demand for High Investments in Legacy Installations
                    5.2.2.2 Privacy Issues
           5.2.3 Opportunities
                    5.2.3.1 Growing Inclination Toward Advanced Technologies
                    5.2.3.2 Huge Demand for Video Analytics Software and Services in Non-Government Sectors
                    5.2.3.3 High Demand for Recognition Applications
                    5.2.3.4 Demand for Enhanced Video Surveillance
           5.2.4 Challenges
                    5.2.4.1 Problems in Isolated and Remote Locations
                    5.2.4.2 False Alarms and Lack of Reliability
    5.3 Industry Trends
           5.3.1 Introduction
           5.3.2 Video Analytics Use Cases
                    5.3.2.1 Use Case #1: Allgovision: Abc Mall, Lebanon
                    5.3.2.2 Use Case #2: Agent Vi: Wirsol Solar (UK)
                    5.3.2.3 Use Case #3: Ipsotek: London Eye (UK)
                    5.3.2.4 Use Case #4: Genetec: City of Perth Parking, Australia
                    5.3.2.5 Use Case #5: Kiwisecurity: KFW Banking Group
           5.3.3 Video Analytics Software Architecture
                    5.3.3.1 Server-Based Architecture
                    5.3.3.2 Edge-Based Architecture

6 Video Analytics Market, By Type (Page No. - 45)
    6.1 Introduction
    6.2 Software
    6.3 Services
           6.3.1 Managed Services
           6.3.2 Professional Services

7 Market By Deployment (Page No. - 50)
    7.1 Introduction
    7.2 On-Premises
    7.3 Cloud

8 Video Analytics Market, By Application (Page No. - 54)
    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 Others

9 Market By Vertical (Page No. - 62)
    9.1 Introduction
    9.2 Banking, Financial Services, and Insurance
    9.3 City Surveillance
    9.4 Critical Infrastructure
    9.5 Education
    9.6 Hospitality and Entertainment
    9.7 Manufacturing
    9.8 Defense and Border Security
    9.9 Retail and Consumer Goods
    9.10 Traffic Management
    9.11 Transportation
    9.12 Others

10 Video Analytics Market, By Region (Page No. - 75)
     10.1 Introduction
     10.2 North America
             10.2.1 United States
             10.2.2 Canada
     10.3 Europe
             10.3.1 United Kingdom
             10.3.2 Germany
             10.3.3 France
             10.3.4 Rest of Europe
     10.4 Asia Pacific
             10.4.1 China
             10.4.2 Japan
             10.4.3 Australia and New Zealand
             10.4.4 Rest of Asia Pacific
     10.5 Middle East and Africa
             10.5.1 Kingdom of Saudi Arabia
             10.5.2 United Arab Emirates
             10.5.3 Qatar
             10.5.4 Rest of Middle East and Africa
     10.6 Latin America
             10.6.1 Brazil
             10.6.2 Mexico
             10.6.3 Rest of Latin America

11 Competitive Landscape (Page No. - 102)
     11.1 Overview
     11.2 Competitive Scenario
             11.2.1 New Product Launches
             11.2.2 Acquisitions
             11.2.3 Partnerships

12 Company Profiles (Page No. - 106)
(Business Overview, Software and Services Offered, Recent Developments, SWOT Analysis, and MnM View)*
     12.1 Avigilon
     12.2 Axis Communications
     12.3 Cisco Systems
     12.4 IBM
     12.5 Honeywell
     12.6 Agent VI
     12.7 Allgovision
     12.8 Aventura
     12.9 Genetec
     12.10 Intellivision
     12.11 Intuvision
     12.12 Puretech Systems
     12.13 Gorilla Technology
     12.14 Kiwisecurity
     12.15 Intelligent Security Systems
     12.16 Verint
     12.17 Viseum
     12.18 Delopt
     12.19 I2V
     12.20 Qognify
     12.21 Iomniscient
     12.22 Briefcam
     12.23 Digital Barriers
     12.24 Aimetis
     12.25 3VR
     12.26 Ipsotek

*Details on Business Overview, Software and Services Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 145)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Introducing RT: Real-Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details

List of Tables (72 Tables)

Table 1 Video Analytics Market Size, By Type, 2016–2023 (USD Million)
Table 2 Software: Market Size By Region, 2016–2023 (USD Million)
Table 3 Services: Market Size By Region, 2016–2023 (USD Million)
Table 4 Video Analytics Market Size, By Deployment, 2016–2023 (USD Million)
Table 5 On-Premises: Market Size By Region, 2016–2023 (USD Million)
Table 6 Cloud: Market Size By Region, 2016–2023 (USD Million)
Table 7 Video Analytics Market Size, By Application, 2016–2023 (USD Million)
Table 8 Incident Detection: Market Size By Region, 2016–2023 (USD Million)
Table 9 Intrusion Management: Market Size By Region, 2016–2023 (USD Million)
Table 10 People/Crowd Counting: Market Size By Region, 2016–2023 (USD Million)
Table 11 Traffic Monitoring: Market Size, By Region, 2016–2023 (USD Million)
Table 12 Automatic Number Plate Recognition: Market Size By Region, 2016–2023 (USD Million)
Table 13 Facial Recognition: Market Size By Region, 2016–2023 (USD Million)
Table 14 Others: Market Size By Region, 2016–2023 (USD Million)
Table 15 Video Analytics Market Size, By Vertical, 2016–2023 (USD Million)
Table 16 Banking, Financial Services, and Insurance: Market Size By Region, 2016–2023 (USD Million)
Table 17 City Surveillance: Market Size By Region, 2016–2023 (USD Million)
Table 18 Critical Infrastructure: Market Size By Region, 2016–2023 (USD Million)
Table 19 Education: Market Size By Region, 2016–2023 (USD Million)
Table 20 Hospitality and Entertainment: Market Size By Region, 2016–2023 (USD Million)
Table 21 Manufacturing: Market Size By Region, 2016–2023 (USD Million)
Table 22 Defense and Border Security: Market Size By Region, 2016–2023 (USD Million)
Table 23 Retail and Consumer Goods: Market Size, By Region, 2016–2023 (USD Million)
Table 24 Traffic Management: Market Size By Region, 2016–2023 (USD Million)
Table 25 Transportation: Market Size, By Region, 2016–2023 (USD Million)
Table 26 Others: Market Size By Region, 2016–2023 (USD Million)
Table 27 Video Analytics Market Size, By Region, 2016–2023 (USD Million)
Table 28 North America: Market Size By Type, 2016–2023 (USD Million)
Table 29 North America: Market Size By Deployment, 2016–2023 (USD Million)
Table 30 North America: Market Size By Application, 2016–2023 (USD Million)
Table 31 North America: Market Size By Vertical, 2016–2023 (USD Million)
Table 32 North America: Market Size By Country, 2016–2023 (USD Million)
Table 33 United States: Market Size By Type, 2016–2023 (USD Million)
Table 34 Canada: Video Analytics Market Size, By Type, 2016–2023 (USD Million)
Table 35 Europe: Market Size By Type, 2016–2023 (USD Million)
Table 36 Europe: Market Size By Deployment, 2016–2023 (USD Million)
Table 37 Europe: Market Size By Application, 2016–2023 (USD Million)
Table 38 Europe: Market Size By Vertical, 2016–2023 (USD Million)
Table 39 Europe: Market Size By Country, 2016–2023 (USD Million)
Table 40 United Kingdom: Market Size By Type, 2016–2023 (USD Million)
Table 41 Germany: Market Size By Type, 2016–2023 (USD Million)
Table 42 France: Market Size By Type, 2016–2023 (USD Million)
Table 43 Rest of Europe: Market Size By Type, 2016–2023 (USD Million)
Table 44 Asia Pacific: Video Analytics Market Size, By Type, 2016–2023 (USD Million)
Table 45 Asia Pacific: Market Size By Deployment, 2016–2023 (USD Million)
Table 46 Asia Pacific: Market Size By Application, 2016–2023 (USD Million)
Table 47 Asia Pacific: Market Size By Vertical, 2016–2023 (USD Million)
Table 48 Asia Pacific: Market Size By Country, 2016–2023 (USD Million)
Table 49 China: Video Analytics Market Size, By Type, 2016–2023 (USD Million)
Table 50 Japan: Video Analytics Market Size, By Type, 2016–2023 (USD Million)
Table 51 Australia and New Zealand: Market Size, By Type, 2016–2023 (USD Million)
Table 52 Rest of Asia Pacific: Market Size, By Type, 2016–2023 (USD Million)
Table 53 Middle East and Africa: Market Size By Type, 2016–2023 (USD Million)
Table 54 Middle East and Africa: Market Size By Deployment, 2016–2023 (USD Million)
Table 55 Middle East and Africa: Market Size By Application, 2016–2023 (USD Million)
Table 56 Middle East and Africa: Market Size By Vertical, 2016–2023 (USD Million)
Table 57 Middle East and Africa: Market Size By Country, 2016–2023 (USD Million)
Table 58 Kingdom of Saudi Arabia: Market Size By Type, 2016–2023 (USD Million)
Table 59 United Arab Emirates: Market Size By Type, 2016–2023 (USD Million)
Table 60 Qatar: Video Analytics Market Size, By Type, 2016–2023 (USD Million)
Table 61 Rest of Middle East and Africa: Market Size By Type, 2016–2023 (USD Million)
Table 62 Latin America: Market Size By Type, 2016–2023 (USD Million)
Table 63 Latin America: Market Size By Deployment, 2016–2023 (USD Million)
Table 64 Latin America: Market Size By Application, 2016–2023 (USD Million)
Table 65 Latin America: Market Size By Vertical, 2016–2023 (USD Million)
Table 66 Latin America: Market Size By Country, 2016–2023 (USD Million)
Table 67 Brazil: Market Size By Type, 2016–2023 (USD Million)
Table 68 Mexico: Market Size By Type, 2016–2023 (USD Million)
Table 69 Rest of Latin America: Video Analytics Market Size, By Type, 2016–2023 (USD Million)
Table 70 New Product Launches, 2017–2018
Table 71 Acquisitions, 2015–2016
Table 72 Partnerships, 2015–2018

List of Figures (39 Figures)

Figure 1 Video Analytics Market Segmentation
Figure 2 Market Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 4 Data Triangulation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Video Analytics Market: Assumptions
Figure 8 Video Analytics Market: Evolution
Figure 9 Fastest Growing Segments in the Market, 2018–2023
Figure 10 Video Analytics Market, By Region
Figure 11 Global Market is Poised to Growth Significantly During the Forecast Period (USD Million)
Figure 12 Enterprises’ Demand for Actionable Insights From Video Data is Expected to Drive the Video Analytics Market During the Forecast Period
Figure 13 Software Segment is Estimated to Have the Larger Market Share in 2018
Figure 14 On-Premises Deployment is Expected to Hold the Larger Market Share in 2018
Figure 15 Incident Detection Application is Expected to Hold the Largest Market Share in 2018
Figure 16 Critical Infrastructure Vertical is Expected to Hold the Largest Market Share in 2018
Figure 17 Asia Pacific is Expected to Emerge as the Best Market for Investments in the Next 5 Years
Figure 18 Video Analytics Market: Drivers, Restraints, Opportunities, and Challenges
Figure 19 Server-Based Implementation
Figure 20 Edge-Based Implementation
Figure 21 Software Segment is Estimated to Have the Larger Market Size in 2018
Figure 22 On-Premises Deployment is Estimated to Have the Larger Market Size in 2018
Figure 23 Intrusion Management Application is Expected to Have the Largest Market Size During the Forecast Period
Figure 24 Critical Infrastructure Vertical is Estimated to Have the Largest Market Size in 2018
Figure 25 North America is Expected to Have the Largest Market Size During the Forecast Period
Figure 26 North America: Market Snapshot
Figure 27 Asia Pacific: Market Snapshot
Figure 28 Key Developments By the Leading Players in the Video Analytics Market During 2014–2018
Figure 29 Avigilon: Company Snapshot
Figure 30 Avigilon: SWOT Analysis
Figure 31 Axis Communications: Company Snapshot
Figure 32 Axis Communications: SWOT Analysis
Figure 33 Cisco Systems: Company Snapshot
Figure 34 Cisco Systems: SWOT Analysis
Figure 35 IBM: Company Snapshot
Figure 36 IBM: SWOT Analysis
Figure 37 Honeywell: Company Snapshot
Figure 38 Honeywell: SWOT Analysis
Figure 39 Verint: Company Snapshot

The video analytics market is expected to grow from USD 3.23 Billion in 2018 to USD 8.55 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 21.5% during the forecast period. The demand for video analytics is expected to be driven by many factors, such as low costs, flexibility, agility, and security. Video analytics offers accelerated Time-to-Market (TTM) and enhanced operational processes.

The video analytics market has been segmented on the basis of type, application, deployment mode, vertical, and region. The service type is expected to grow at a higher CAGR during the forecast period, and the software type is estimated to hold a larger market size in 2018 in the market. The adoption of video analytics software and services among enterprises has become a central part of the business process, due to the ease of use and the flexibility they offer, and is expected to grow in the coming years.

The on-premises deployment is estimated to hold a larger market size in 2018. By using video analytics solutions, enterprises are developing newer and better ways of enhancing the operational benefits, while reducing the costs. Faster deployment, scalability, and agility; regulatory compliance requirements, need for reducing Capital Expenditure (CAPEX) and Operational Expenditure (OPEX), and uninterrupted business continuity are expected to drive the demand for video analytics solutions and services. Enterprises, which are adopting video analytics, are increasingly inclined toward deploying video management solutions to run their critical business functions.

North America is estimated to hold the largest market size in 2018, whereas the Asia-Pacific (APAC) region is projected to grow at the highest CAGR in the video analytics market during the forecast period. An increasing need for efficient video surveillance and complete security while operating in physical, virtual, or cloud environments is expected to drive the global video analytics market.

Disadvantages of manual video analysis, enterprises’ demand for actionable insights from video data, government investments in emerging technologies to enhance public safety infrastructure, and falling prices of video surveillance equipment are major growth factors for the market. However, demand for high investments in legacy installations and privacy issues could affect the growth of the market.

The major players in the video analytics market are Aventura (US), Genetec (US), IntelliVision (US), intuVision (US), PureTech Systems (US), Cisco Systems (US), Honeywell (US), IBM (US), Axis Communications (Europe), Agent Vi (US), AllGoVision (APAC), Avigilon (US), iOmniscient (APAC), BriefCam (US), Digital Barriers (Europe), Aimetis (US), 3VR (US), Ipsotek (Europe), Gorilla Technology (APAC), KiwiSecurity (Europe), Intelligent Security Systems (US), Verint (US), Viseum (Europe), DELOPT (APAC), i2V (APAC), and Qognify (US). These players have adopted various growth strategies, such as new product developments, mergers and acquisitions, collaborations, and partnerships, to expand their presence in the global market.

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