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The video analytics market size was valued at $4.10 billion in 2019, and is projected to reach $20.80 billion by 2027, growing at a CAGR of 22.7% from 2020 to 2027.
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Behavioral Biometrics Market GLOBAL OPPORTUNITY AND FORECAST 2020- 2027
Video Analytics Market Analyst Review The video analytics market in Asia-Pacific is projected to grow at a significant rate during the forecast period, owing to increase in internet penetration, rise in proliferation of video cameras for surveillance as well as security reasons, increasing investment on smart city projects and strong economic growth in emerging economies.. Vishwa Gaul Research Analyst, ICT at Allied Market Research
CURRENT AND FUTURE MARKET SCENARIO • The global video analytics market was valued at $4.10 billion in 2019 and is projected to reach $20.80 billion by 2027. • The global video analytics market growing at a CAGR of 22.7% from 2020 to 2027. • Based on deployment type, the cloud segment is expected to exhibit significant growth rate in the global video analytics market size during the forecast period. The growth of this segment is mainly attributed to low investment, ease of use, and low maintenance cost. • Based on organization size, the large enterprises segment generated the highest revenue for video analytics market share in 2019, the growth in need to safeguard data along with rise in awareness of security events boosts the growth of the market across large enterprises. • Rise in need for video surveillance drives the demand for video analytics across numerous industries such as government & public sector, BFSI, retail, airports, manufacturing, and others.
TOP IMPACTING FACTORS TO MARKET GROWTH • Increase in demand for IP-based security cameras. • Growth in concern over public safety and security. • Rise in volume of unstructured video data. Based on component, the software segment dominated the overall video analytics market size in 2019 and is expected to remain dominant during the forecast period. Also, the services segment is expected to exhibit significant growth rate due to increase in adoption of digital technologies across the various industries and need to provide enhanced services.
Video Analytics Market Segmentation • By Organization Size • Small & Medium Enterprise • Large Enterprise • By Deployment Model • On-premise • Cloud-based • By Component • Software • Service Request PDF Sample Copy@ https://www.alliedmarketresearch.com/request-sample/3615
The software segment dominated the overall digital signature market, in terms of revenue, and is projected to grow high during the forecast period. Based on application, the retail sector dominated the overall market in 2019 and is expected to exhibit significant growth during the forecast period. cloud segment is expected to exhibit significant growth rate in the global video analytics market size during the forecast period.
GEOGRAPHICAL OVERVIEW • Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. • North America dominated the overall video analytics market in 2019 and is expected to remain dominant during the forecast period • Asia-Pacific is expected to exhibit the highest growth rate throughout the forecast period.
DOMINATING MARKET PLAYERS PROFILED IN THE STUDY • AllGoVision Technologies Pvt. Ltd. • Aventura Technologies, Inc. • Axis Communications AB • Cisco Systems, Inc. • Honeywell International, Inc. • IBM Corporation • Intellivision • PureTech Systems, Inc. • Verint Systems, Inc. • Quognify
A Report Titled “Video Analytics Market - Opportunities And Forecast, 2017– 2023” has been recently published by Allied Market Research. It makes an In-depth Analysis of current trends, drivers, and restraining factors that affect Financial Ratios relevant to the industry. Company profiles for key vendors in business builds a comprehensive picture of profitable opportunities from Stakeholder’s Perspective. To Know More About Video Analytics Market - Opportunities and Forecast 2020-2027 Access Full Summery Report: https://www.alliedmarketresearch.com/video-analytics-market Enquiry For More Details: https://www.alliedmarketresearch.com/purchase-enquiry/3615 Follow Allied Market Research
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