Video Analytics Market Analysis, Trends & Opportunities| Whipsmartmi

Video Analytics Market is projected to grow up to USD 12.8 billion by 2027 growing at a CAGR of 21% during the forecasting period 2021-2027.

Video analytics is the automated processing and analysis of video footage generated, gathered, or monitored during video surveillance by a computer. Using video analysis of monitored environments, the software recognises traits, events, patterns, and characteristics of people or objects while disregarding irrelevant actions. Video surveillance in industries, city surveillance, and social media all produce significant amounts of unstructured video data. Users can also utilise video analytics software to evaluate, organise, and communicate insights gathered from video data in order to make better decisions. The worldwide video analytics market is divided into two types of deployment models: on-premise and cloud-based. In 2021, the cloud-based model is predicted to lead the global market, with the highest CAGR throughout the forecast period. Because of the advantages afforded by cloud deployment, this category is projected to continue to dominate the market. By using a subscription model such as pay per subscription, cloud deployment allows consumers to better manage their costs. Customers can use a cloud-based analytics solution to secure their premises with IP cameras in a convenient and easy method.

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The Video Analytics Market report has been categorized as below

By component

• Services

• Software

By deployment

• On-Premises

• Cloud

By application

• Incident Detection

• Intrusion Management

• People/Crowd Counting

• Traffic Monitoring

• ANPR

• Facial Recognition

• Others (AR and Ego-Motion Estimation)

By type 

• Edged-Based

• Server-Based

By 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

By Region

• North America

• Europe

• Asia Pacific

• Rest of World

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