1. HOME
2. Research Insight
3. Top Companies List of Video Analytics - Avigilion (Canada), Cisco (US), IBM (US) | MarketsandMarkets

The video analytics market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 22.3% during the forecast period, to grow from USD  8.3 billion by 2023 to USD 22.6 billion by 2028. The increasing number of CCTV and surveillance system installations drives the adoption of video analytics software.

Top Video Analytics Companies include

• Avigilion (Canada),
• Axis Communications (Sweden),
• Cisco (US),
• IBM (US),
• Honeywell International Inc. (US), and many more....

These players have adopted various growth strategies to strengthen their position in the market. These video analytics companies include product launches, contracts, partnerships, mergers and acquisitions, and new product development activities to expand their presence in the video analytics market.

To know about the assumptions considered for the study download the pdf brochure

Avigilion

Avigilon is a company that focuses on enhancing its security and video analytics product portfolio through organic growth strategies. They have a diverse range of products that cover all significant features of video analytics applications. In addition to launching new products and upgrading existing ones, they have expanded their customer base by partnering with security solution providers worldwide. The latest technological features, such as facial recognition, appearance search, motion detection, and AI-powered video management software, drive Avigilon's video analytics solutions. The company's acquisition by Motorola enables them to penetrate new market segments and deliver innovations by providing more value to their customers. The company aims to excel in its core product and service areas, particularly security and video analytics. It has a robust partner ecosystem to support its video analytics solutions. The company is increasingly focusing on new product development and upgrades, such as its recent launch of an artificial intelligence network video recorder. This innovative product combines traditional Avigilon NVR with the capabilities of Avigilon AI appliances to provide organizations with a solution that meets their analytics, storage, cybersecurity, and cloud requirements.

Axis Communications

Axis Communications is a significant participant in the video analytics market and is committed to providing high-quality products to its customers. The company focuses on diversifying and expanding its product portfolio and market by adopting organic and inorganic growth strategies to fulfill this commitment. These strategies include acquisitions, collaborations, and product upgrades. Additionally, the company has an extensive global network spanning 50 countries and over 90,000 partners. The company strongly focuses on organic growth strategies aimed at developing new products and enhancing existing ones. For instance, it recently launched the AXIS Q6078-E PTZ camera that supports UHD 4K resolution and offers 20x zoom, which has improved video quality and built-in cybersecurity features.

Cisco

Cisco, based in the US, is a leading global provider of networking and IT solutions, including offerings in the video analytics market. Their video analytics solutions leverage advanced technologies such as artificial intelligence (AI) and machine learning (ML) to analyze video data in real-time. Cisco's video analytics platform enables organizations to extract valuable insights from video streams, including object detection, facial recognition, and behavior analysis. These insights can be used for various applications, including security monitoring, retail analytics, and crowd management. With a focus on scalability, reliability, and security, Cisco's video analytics solutions help organizations enhance safety, efficiency, and decision-making processes.

IBM

IBM, based in the US, is a prominent player in the video analytics market. Leveraging its expertise in artificial intelligence (AI) and machine learning (ML), IBM offers advanced video analytics solutions that enable organizations to derive valuable insights from video data. IBM's video analytics platform utilizes cutting-edge algorithms to analyze video streams in real-time, detecting objects, identifying patterns, and extracting meaningful information. These insights can be applied across various industries, including security, retail, transportation, and healthcare. With a focus on innovation and scalability, IBM helps organizations harness the power of video analytics to enhance safety, optimize operations, and drive business growth.

Honeywell International Inc.

Honeywell International Inc., headquartered in the US, is a key player in the video analytics market. Offering a range of innovative solutions, Honeywell leverages advanced video analytics technologies to provide comprehensive security and surveillance solutions. These solutions include intelligent video management systems that utilize AI and deep learning algorithms to analyze video feeds in real-time, detect anomalies, and trigger automated responses. Honeywell's video analytics solutions cater to various industries, including critical infrastructure, transportation, healthcare, and commercial buildings, helping organizations enhance safety, improve operational efficiency, and mitigate security risks. With a focus on reliability and performance, Honeywell continues to innovate in the video analytics space, driving advancements in intelligent surveillance and security solutions.

Related Reports:

Video Analytics Market by Offering, Application (Intrusion Management, Incident Detection, and Traffic Monitoring), Deployment Model, Type, Vertical (Critical Infrastructure, Government & Defense, and Manufacturing) and Region - Global Forecast to 2028