Market
Analysis
The global video content analytics (VCA) market is predicted to touch USD
12.87 billion at a 21.71% CAGR between 2019- 2025 states the recent Market
Research Future (MRFR) analysis. Video content analytics helps to extract
structured information via the analysis of data stream/images from CCTV
(closed-circuit television) cameras. The VCA technology utilizing algorithms
offers real-time analysis of video footage together with instant detection of
any event of interest. It has wide applications in logistics, commercial and
transport, and government.
Various
factors are propelling the global video content analytics market share. As per
the current MRFR report, such factors include the rising application of VCA in
video surveillance systems to ensure public safety, enhancement in business
intelligence, the availability of automatically analyzing videos to detect and
determine various factors and increasing use in different end use industries
such as safety and security, home automation, transport, healthcare,
automotive, and others. Additional factors adding market growth include the use
of various software like detection and recognition software with video content
analytics technology, increasing use for security purposes that facilitates
motion detection, facial recognition, intrusion detection, and others,
increasing use in traffic management & government services.
On the flip
side, low penetration of advanced technology and obsolescence of technology,
and COVID-19 impact are factors that may limit the global video content
analytics market growth over the forecast period.
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Market
Segmentation
The MRFR
provides an inclusive segmental analysis of the global video content analytics
market based on application, architecture, and software.
By software,
the global video content analytics market is segmented into license plate
recognition, recognition, detection, and others.
By
architecture, the global video content analytics market is segmented into edge
and server.
By application,
the global video content analytics market is segmented into logistics,
commercial and transport, and government.
Regional
Analysis
By region,
the global video content analytics market report covers the recent trends and
growth opportunities across North America, the Asia Pacific (APAC), Europe,
& the Middle East and Africa (MEA). Of these, North America will have a
major share in the market over the forecast period. Early technology adoption
and the presence of key players are adding to the global video content
analytics market growth in the region.
The global
video content analytics market in Europe is predicted to hold the
second-largest share over the forecast period. Rising use of IP based cameras
and video analytics technology in European countries and growing use of
cloud-based solutions are adding to the global video content analytics market
growth in the region.
The global
video content analytics market in the APAC region is predicted to grow at a
fast pace over the forecast period. Growing government investments to provide
better security and burgeoning demand for video content analytics solutions in
enterprises are adding to the global video content analytics market growth in
the region.
The global
video content analytics market in the MEA is predicted to have sound growth
over the forecast period.
Key Players
Leading
players profiled in the global video content analytics market report include
VCA Technology Ltd. (UK), Ipsotek Ltd (UK), HikVision Digital (China), MOBOTIX AG
(Germany), Bosch Security (US), KiwiSecurity Software GmbH (Austria), Gorilla
Technology Group (Taiwan), PureTech Systems Inc. (US), intuVision, Inc. (US),
Intellivision (US), Verint (US), Genetec Inc. (Canada), Aventura Technologies,
Inc. (US), Agent Video Intelligence Ltd (US), IBM Corporation (US), Honeywell
International Inc. (US), Cisco Systems Inc. (US), Axis Communications (Sweden),
and Avigilon Corporation (Canada). Industry players have incorporated several
strategies to stay at the forefront and also cater to the consumers growing
needs like acquisitions and mergers, new product launches, contracts, strategic
alliances, geographic expansions, to name a few.
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Full Report Details @ https://www.marketresearchfuture.com/reports/video-content-analytics-market-947
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