Dynamic 23.3% CAGR Charts Video Analytics Market's Future in 2024-30

Market Overview: Global Video Analytics Market

MarkNtel Advisors, a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on the Global Video Analytics Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.

Video Analytics Market Insights 2024-30

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

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Segmentation Analysis of Video Analytics Market

Video Analytics Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2024-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.

-By Application

Incident Detection
Intrusion Management
People/Crowd Counting
Traffic Monitoring
ANPR
Facial Recognition
Others (AR and Ego-Motion Estimation)

Of them all, People/Crowd Counting is projected to hold the largest share of the Video Analytics Market during 2024-30. Crowd counting & management is a tedious task for police departments or government agencies at any event. In such situations, the combination of cutting-edge surveillance systems with video processing capabilities provides end-users with real-time situational alerts. Video Analytics is highly beneficial for identifying suspicious actions, prominent statistics & trends in the crowd, and estimating crowd size. Hence, it plays a significant role in crowd management.

Furthermore, facial recognition is anticipated to experience the fastest market growth over the forecast years, owing prominently to the increasing demand for video analytics technology for fraud detection in visas & passports, attendance tracking & management, and criminal identification.

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-By Component

Service
Software

-By Deployment

On-Premises
Cloud

-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)

A Comprehensive Geographical Analysis:

-By Region

North America
South America
Europe
Asia Pacific
Middle East and Africa

North America is likely to acquire the largest share of the Video Analytics Market during 2024-30. The emergence of cutting-edge technologies, the extensive presence of leading market players like Honeywell International Inc., IBM Corporation, Cisco Systems, and others, and the excessive adoption of CCTV cameras in several settings like street corners, universities, schools, private homes, etc., especially across the US & Canada, are the prime aspects expected to drive the regional market in the forecast years.

In the region, most sites have multiple cameras that generate a massive volume of footage. The US has an extremely high penetration of surveillance cameras, where private-sector retail & commercial establishments like hotels, restaurants, & office complexes are the major end-users. After the unfortunate 9/11 incident, the entire region has been witnessing a substantial deployment of advanced IP cameras.

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

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