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Video Analytics Market by End-user and Geography - Forecast and Analysis 2020-2024

  • Published: Dec 2020
  • Pages: 120
  • SKU: IRTNTR45821
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The video analytics market size has the potential to grow by USD 11.14 billion during 2020-2024, and the market's growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by end-user (government sector, commercial sector, banking and financial services, traffic management sector, and others) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market's competitive landscape and offers information on several market vendors, including Agent Video Intelligence Ltd., AllGoVision Technologies Pvt. Ltd, Axis Communications AB, Cisco Systems Inc., Genetec Inc., Honeywell International Inc., Huawei Investment & Holding Co. Ltd., i2V Systems Pvt. Ltd, International Business Machines Corp., and Robert Bosch GmbH.

Market Overview

Video Analytics Market Size

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Market Competitive Analysis

The video analytics market is fragmented. Agent Video Intelligence Ltd., AllGoVision Technologies Pvt. Ltd and Axis Communications AB are some of the major market participants. Factors such as enhanced processing power of collected data, improved decision-making capabilities of users, and the rising demand for improved security arrangements will offer immense growth opportunities. However, a shortage of skilled workers, limitations associated with video analytics, and high initial set-up cost, and lack of awareness may impede the market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this video analytics market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market's competitive landscape and offers information on the products offered by various companies. Moreover, this video analytics market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • Agent Video Intelligence Ltd.
  • AllGoVision Technologies Pvt. Ltd
  • Axis Communications AB
  • Cisco Systems Inc.
  • Genetec Inc.
  • Honeywell International Inc.
  • Huawei Investment & Holding Co. Ltd.
  • i2V Systems Pvt. Ltd
  • International Business Machines Corp.
  • Robert Bosch GmbH

 

Video Analytics Market: Segmentation by Geography

Video Analytics Market Market segmentation by region

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The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. APAC will offer several growth opportunities to market vendors during the forecast period. The growing preferences for IP cameras over analog cameras, the rising construction of smart cities, and the increasing adoption of SaaS-based video analytics will significantly influence video analytics market growth in this region.

37% of the market's growth will originate from APAC during the forecast period. China is a key market for video analytics in APAC. This report provides an accurate prediction of the contribution of all segments to the growth of the video analytics market size.

Video Analytics Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive video analytics market growth during the next five years
  • Precise estimation of the video analytics market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the video analytics industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of video analytics market vendors

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Video Analytics Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 27%

Market growth 2020-2024

$ 11.14 billion

Market structure

Fragmented

YoY growth (%)

24.56

Regional analysis

North America, APAC, Europe, South America, and MEA

Performing market contribution

APAC at 37%

Key consumer countries

US, China, Germany, Canada, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Agent Video Intelligence Ltd., AllGoVision Technologies Pvt. Ltd, Axis Communications AB, Cisco Systems Inc., Genetec Inc., Honeywell International Inc., Huawei Investment & Holding Co. Ltd., i2V Systems Pvt. Ltd, International Business Machines Corp., and Robert Bosch GmbH

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024

    Five Forces Analysis

    • Five Forces Summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Government sector - Market size and forecast 2019-2024
    • Commercial sector - Market size and forecast 2019-2024
    • Banking and financial services - Market size and forecast 2019-2024
    • Traffic management sector - Market size and forecast 2019-2024
    • Others - Market size and forecast 2019-2024
    • Market opportunity by End-user

    Customer landscape

    • Overview

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • North America - Market size and forecast 2019-2024
    • APAC - Market size and forecast 2019-2024
    • Europe - Market size and forecast 2019-2024
    • South America - Market size and forecast 2019-2024
    • MEA - Market size and forecast 2019-2024
    • Key leading countries
    • Market opportunity by geography
    • Volume drivers – Demand led growth
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Agent Video Intelligence Ltd.
    • AllGoVision Technologies Pvt. Ltd
    • Axis Communications AB
    • Cisco Systems Inc.
    • Genetec Inc.
    • Honeywell International Inc.
    • Huawei Investment & Holding Co. Ltd.
    • i2V Systems Pvt. Ltd
    • International Business Machines Corp.
    • Robert Bosch GmbH

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
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    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
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    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
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    Video Analytics market growth will increase by $11139.40 million during 2019-2024.
    The video analytics market is expected to grow at a CAGR of 26.80% during 2019-2024.
    Technavio has segmented the video analytics market by end user (Government sector, Commercial sector, Banking and financial services, Traffic management sector, and Others) and geographic (North America, APAC, Europe, South America, and MEA).
    Agent Video Intelligence Ltd., AllGoVision Technologies Pvt. Ltd, Axis Communications AB, Cisco Systems Inc., Genetec Inc., Honeywell International Inc., Huawei Investment & Holding Co. Ltd., i2V Systems Pvt. Ltd, International Business Machines Corp., Robert Bosch GmbH are a few of the key vendors in the video analytics market.
    APAC will register the highest growth rate of 37.34% among the other regions. Therefore, the video analytics market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the video analytics market growth are:
    • Enhanced processing power of collected data
    • Growing preferences for IP cameras over analog cameras
    The video analytics market vendors should focus on grabbing business opportunities from the government sector segment as it accounted for the largest market share in the base year.
    • What are the key global market and the regional market share?
    • What are the revenue-generating key market segments?
    • What are the key factors driving and challenging this market’s growth?
    • Who are the key market vendors and their growth strategies?
    • What are the latest trends influencing the growth of this market?
    • What are the variables influencing the market growth in the primary regions?
    • What are the factors influencing the growth of the parent market?
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