Global Video Analytics Market - 2020-2027
|视讯分析的全球市场:2020年～2027年 Global Video Analytics Market - 2020-2027|
|出版日期: 2020年11月04日||内容资讯: 英文||
Video analytics is the combination of the software and hardware for the central safety monitoring system. The video analytics uses video feed of CCTVs to detect the safety to combat the violations the industrial plant environment. The key features of the video analytics in the industrial sectors includes detection of welding defects in X-Ray images, Real-time object detection, quantitatively analyze video, and derive actionable insights for data-driven. The video analytics provides safety, security, and helps to reduce the diagnosing asset downtime more efficiently, and reduces the workload on management staff. The global video analytics market valued USD XX million in 2019 and it is expected to grow at a CAGR of XX% to reach USD XX million by 2027.
The market is driven by the rising surveillance data generated through the cameras due to safety and security concern of the public, industrial sectors. According to the survey by the Cisco Company, the huge amount of video data has been generated to around 72521 Petabyte per month in 2015 and had been reached to 194,374 PB by the end of 2020 around the globe. This is rise in the big data is primarily due to increasing the installations of the surveillance cameras worldwide in public places, shopping malls, offices, companies etc. This propels the demand for the video analytics market to monitor the unauthorized movements in restricted zones and to provide the security.
Further rising the adoption of the advanced technology like AI, IoT, etc based surveillance cameras for end-users industries including retail, healthcare, Transportation & Logistics, Government entertainment and many others have created huge opportunity for this market. For instance on 30th March 2020, BriefCam has been launched new version of its video content analytics platform to enhance video analytics capabilities. Some of the additional features include people counting, plate recognition, mobile app connectivity, and among others with improved in performance, accuracy and usability across its product lines.
The global video analytics market is segmented based on type, deployment type applications, end-users and region.
In terms of type the global video analytics market is bifurcated into software, services and hardware. Among this hardware segment has the highest contribution for the video analytics market. This is primarily due to increase in the number of CCTV cameras installations across the world owing to reduced prices.
Similarly, software and services segments are also growing at faster pace owing to increasing the launching of advanced technology based software solutions by the leading players. For instance on 22nd April 2020, Videonetics Company had been launched World's First Artificial Intelligence & Deep Learning based software suite named 'SAJAG' for video analytics market. This has helped to monitor, manage and empower the Covid-19 pandemic situation by delivering actionable intelligence to combat the spread of the novel coronavirus.
Depending upon the deployment type, the global video analytics market is divided into cloud and on-premise. Among this on premise based segment has the highest market share in 2019, owing to the rising surveillance camera installations activities among the public and private places. For instance as per the recent news on 6th Dec 2019, there were around 770 million surveillance cameras had been installed and is projected to reach to over 1 billion by 2021 around the globe in public and private places.
Furthermore rising adoption of the advanced technology and surge in the launching of cloud based surveillance systems to reduce the cost, people are shifting focus on the cloud based platforms. For instance on 19th June 2019, the Company Avigilon had been launched the blue cloud video security platform in the UK. This has several facilities including self-learning video analytics, quick video verification bandwidth saving technology which can help for the small and medium size businesses and distributed enterprises.
Depending upon the Application, video analytics market is classified as the intrusion detection, traffic monitoring, crowd management and others. Among this, Intrusion Detection has the highest market share in 2019. This is primarily due to the intrusion detection has several benefits including monitors network traffic for unauthorized activities and provides with the help of the software application which scans a network and avoids the breaching.
Similarly, traffic monitoring, crowd management segments are also growing at faster pace owing to raising the global population with increased traffic on roads and public places all over the world.
Depending on the end-users, global video analytics market is divided into healthcare, retail, manufacturing, BFSI, mining, transportation & logistics, government, and others. Among this retail sectors has the highest market share in 2019, this is primarily due to raising the demand of the customers for securing and monitoring place through the video cameras.
Similarly, manufacturing, BFSI, mining, transportation & logistics, government, and others segments are also growing at faster pace owing to rising industrializations with rising population demand around the globe.
The video analytics market is growing at rapid pace owing to increasing the trends of adoption of advanced technologies like Artificial intelligence (AI) and deep learning cfor analyzing the video content. As there is huge amount of data is generated through live and recorded video around the globe which are helpful to deliver the actionable and quantifiable insights. Several companies are launching the Ai and DL based surveillance systems to detect, analyze and monitor the big data generated through cameras. For instance on 11th Jun 2020, Honeywell Company had been launched new platform based on the artificial intelligence in the video surveillance and security products. This platform had been enabled the use of deep learning, artificial intelligence, advanced analytics, and facial recognition capabilities. This supports the Maxpro Network Video Recorders (NVR) and Video Management Systems (VMS) which significantly reducing false alarm.
The video analytics market demand is growing due to surge in the requirement of the real-time information regarding the private as well as public places. Several tech players are implementing the more reliant video intelligence services on the premises to safeguard. For instance on 24th 2020, BriefCam adds facial biometrics to mobile app, LPR and people counting to video analytics platform product portfolio with biometric facial recognition introduced to its mobile app, and new video analytics capabilities such as license plate recognition, people counting, and further video surveillance deployment models to boost performance, accuracy and product usability, the company announced.
Cloud-based video analytics is the latest growing trend among the consumers due to efficient working, provides less capital expenditures for ensuring the security. Several companies are deploying the cloud platforms for video surveillance networks by launching new advanced development services. For instance on 11th October 2019, Canon Company had been launched first Cloud-Based Video Analytics Service in the Singapore which utilizes software as a service (SaaS) with AI-powered Video Analytics This has been provided enhanced Security and surveillance services to Singapore Customers.
By region, the global video analytics market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, North America is the dominated region for the global video analytics market and expected to grow at the highest CAGR during the forecasted period due to presence of leading players' with increasing the sale of surveillance systems followed by Europe region. According to the Directorate General Internal Policies, the number of street CCTV cameras in the public places has been increased by 81% in the UK, that have reported around 40,000 open street CCTV cameras for monitoring public space. This generates huge amount of the data which required for the safety and security which propels the video analytics market during the forecast period.
Asia Pacific is the also growing at faster pace for the video analytics market, owing to rising demand for the video analytics due to raising the huge amount of video data in the public places. Similarly, the Asia Pacific region has the world's 60% of population which requires the video surveillance and analytics systems to manage such huge population's traffic.
The global video analytics market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition. IBM Corporation, Intellivision, Quognify, Honeywell International Inc., Cisco Systems Inc, Axis Communications AB, Agent Video Intelligence Ltd, Verint Systems, AllGoVision Technologies Pvt, and PureTech Systems are the leading market players with significant market share.
Companies are entering into the collaborations, acquisitions, mergers, and licensing for increasing their market penetration. For instance, on 23th June 2020, Microsoft, and Sony had been joined together for developing AI powered video analytics and smart cameras for accessing and deploying for services for the customers.