Global Incident Detection Video Content Analytics Market, By Type (Edged-Based, Server-Based), Component (Services, Software), Deployment Mode (On-Premises, Cloud), 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), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Incident Detection Video Content Analytics Market
The incident detection video content analytics market is expected to witness market growth at a rate of 20.10% in the forecast period of 2021 to 2028 and is expected to reach USD 20.26 billion by 2028. Data Bridge Market Research report on incident detection video content analytics market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increasing investments and focus of governing institutions on public safety is escalating the growth of incident detection video content analytics market.
Video analytics refer to the technology which processes digital video signals to perform security related functions with the use of algorithm. Video analytics is the processing and analysis of video streams in real-time to recognize spatial events and computerized monitoring. This technology consists of multiple cameras and artificial intelligence (AI)-based programs and software applications. They are highly utilized for intrusion detection, surveillance, observing traffic patterns on social media platforms and generating heat maps. They deployed in 2D and 3D counting, license plate reading and dynamic blurring and find applications across various industries including financial services and insurance (BFSI), transportation and logistics, critical infrastructure, traffic management and financial services and insurance (BFSI) among others.
The increase in security concerns and demand for security products, growing popularity of VCA technology owning to its ability to be advantageous in safety and security sectors and rising adoption of network-based video surveillance are the major factors driving the incident detection video content analytics market. The increasing use of new edge-based video analytics DSP technologies and video analytics for business intelligence and the retail sector because of its cost performance and growing trend of VCA technology in gaming, racing and casinos where the video data from the standard IP CCTV cameras are utilized to analyze the conversion ratio and ratio. The advantages of VCA technology such as utilizing the software for purposes such as motion detection, traffic management and intrusion detection among others and wide range of applications in both governmental as well as non-governmental sectors influence the incident detection video content analytics market. Additionally, increasing investments and focus of governing institutions on public safety, demand for enhanced video surveillance, growing need among enterprises to leverage bi and actionable insights for advanced operations and limitations of manual video analysis positively affect the incident detection video content analytics market. Furthermore, emergence of edge technologies and devices to amplify the use of video analytics, integration of AI and cloud technologies with video analytics and predictive information using video analytics extend profitable opportunities to the incident detection video content analytics market players in the forecast period of 2021 to 2028.
On the other hand, government regulations related to CCTV surveillance and privacy concerns among citizens are the factors expected to obstruct the incident detection video content analytics market growth. High initial costs of investment, installation, and maintenance, and extreme functional condition are projected to challenge the incident detection video content analytics market in the forecast period of 2021 to 2028.
This incident detection video content analytics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on incident detection video content analytics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Incident Detection Video Content Analytics Market Scope and Market Size
The incident detection video content analytics market is segmented on the basis of type, component, deployment mode and vertical. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the incident detection video content analytics market is segmented into edged-based and server-based.
- On the basis of component, the incident detection video content analytics market is segmented into services and software.
- On the basis of deployment mode, the incident detection video content analytics market is segmented into on-premises and cloud.
- On the basis of vertical, the incident detection video content analytics market is segmented into 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 and others.
Global Incident Detection Video Content Analytics Market Country Level Analysis
The incident detection video content analytics market is analyzed and market size, volume information is provided by country, type, component, deployment mode and vertical as referenced above.
The countries covered in the global incident detection video content analytics market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the incident detection video content analytics market due to the early adoption of the VCA technology, adoption of video surveillance equipment and VCA solutions, presence of key players focusing on enhancing VCA solution capabilities and adoption of cloud technology and video content analytics. Asia-Pacific is expected to witness the highest CAGR during the forecast period of 2021 to 2028 because of the proliferation of smart cities trend, rapid economic growth, increasing numbers of enterprises, increasing numbers of enterprises and digital technology advancements in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Incident Detection Video Content Analytics Market Share Analysis
The incident detection video content analytics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to incident detection video content analytics market.
The major players covered in the incident detection video content analytics market report are Avigilon Corporation, Cisco, Axis Communications AB, Honeywell International Inc., Agent Video Intelligence Ltd., AllGoVision Technologies Pvt. Ltd, Aventura Technologies, Inc., Genetec Inc., IntelliVision, intuVision, Inc., PureTech Systems, IBM Corporation, Hangzhou Hikvision Digital Technology Co.,Ltd., Dahua Technology Co., Ltd, iOmniscient, Huawei Technologies Co., Ltd., Gorilla Technology Group, Genetec Inc., ISS, Inc., Viseum among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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