Video Analytics Market Report 2025

The video analytics market size has grown rapidly in recent years. It will grow from $8.08 billion in 2024 to $9.61 billion in 2025 at a compound annual growth rate (CAGR) of 18.8%. The growth in the historic period can be attributed to surge in security concerns, retail optimization needs, traffic management solutions, public safety and emergency response, operational efficiency in industries.

The video analytics market size is expected to see exponential growth in the next few years. It will grow to $20.95 billion in 2029 at a compound annual growth rate (CAGR) of 21.5%. The growth in the forecast period can be attributed to growing adoption in smart cities, retail and customer experience enhancement, health and safety compliance. Major trends in the forecast period include emotion and sentiment analysis, integration with IoT sensors, automated license plate recognition (ALPR), real-time crowd monitoring, customizable and open architecture solutions.

The drop in crime rates due to surveillance cameras is expected to drive the growth of the video analytics market. Surveillance cameras generate vast amounts of video footage and are crucial for securing various infrastructures. Video analytics enhances security by automatically tracking and extracting reliable insights from video frames, minimizing the chances of negligence or human error. For instance, in March 2022, UK-based statistics indicated that crime decreased by 13% in areas with CCTV compared to those without. The study also revealed that certain types of crime were particularly affected by the presence of CCTV, with drug-related crime dropping by 20% and vehicle and property crime by 14%. Therefore, the reduction in crime rates due to surveillance cameras will significantly contribute to the growth of the video analytics market.

Increased smartphone usage is anticipated to propel the expansion of the video analytics market. Smartphones, multifunctional devices with diverse applications, integrating video analytics, enhance security, user experience, and overall functionality. As of November 2023, 92% of mobile users in the UK were using smartphones. In March 2022, 21% of internet users in the UK relied on smartphones. This trend in smartphone adoption significantly contributes to driving the growth of the video analytics market.

The video analytics market also experiences a surge in technological advancement as companies strive to maintain a competitive edge. For instance, in September 2022, Dallmeier Electronic GmbH & Co. KG introduced Sedor AI an AI-driven video analytics tool tailored for maritime applications. This software efficiently detects watercraft across varying environmental conditions, aiding port operators and refineries in mitigating security risks such as unauthorized access and complying with industry regulations.

Companies in the video analytics market are strategically partnering, as demonstrated by Claro Enterprise Solutions and Iveda Solutions’ collaboration, aiming to enhance profitability. For instance, in May 2023, Claro Enterprise Solutions, a US-based technology provider collaborated with Iveda Solutions, a US-based software company to launch AI Video Analytics to enhance public security. This is a novel security enhancement product, integrating advanced intelligence into current video setups. This solution, addressing the growing demand for heightened vigilance, swiftly detects weapons, alerts to intrusions, and identifies fire and smoke. The technology aims to boost safety in public spaces, with rapid alert capabilities and seamless integration with existing cameras. This launch responds to the escalating demand for technological solutions amid a rise in security incidents. The product aims to reconfigure surveillance systems, ensuring compatibility and extensive search functionalities.

In April 2023, Irisity, a Sweden-based company specializing in AI-powered video analytics and surveillance solutions, acquired Agent Vi for approximately $10 million. The acquisition aims to enhance Irisity's AI capabilities, expand its market reach, integrate solutions, accelerate innovation, and gain a competitive advantage. Agent Vi, based in Israel, specializes in AI-powered video analytics for intelligent video surveillance, providing real-time insights for various security applications.

Major companies operating in the video analytics market include Huawei Technologies Co Ltd., Intell Vision Technologies Corp, IBM Corporation, Cisco Inc., Honeywell Inc., Hangzhou Hikvision Digital Technology Co Ltd., Motorola Solutions Inc., Dahua Technology Co Ltd., Axis Communications AB, Avigilon Corporation, Verint Systems Inc., Calipsa Ltd., Genetec Inc., Vivotek Inc, Synectics plc, Qognify Inc., BriefCam Ltd., Gorilla Technology Group Inc., PureTech Systems Inc., Aventura Technologies Inc., Camio Inc., KiwiSecurity Services Ltd., Sighthound Inc., Citilog Inc., Agent Video Intelligence Inc., Solink Corporation, AllGoVision Technologies Pvt Ltd., Viseum Limited.

North America was the largest region in the video analytics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the video analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the video analytics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Video analytics utilizes specialized algorithms to process digital video signals, enhancing security in critical infrastructures by tracking and detecting individuals or objects, identifying intruders, and triggering alarms based on certain behaviors.

The primary components within video analytics encompass software and services. Video analytics software operates within digital video surveillance systems, often involving high-end PCs, video capture cards, and licensed analytics software. Its purpose spans enhancing business processes while ensuring the safety of individuals and assets. Organizations adopting video analytics vary in size, from small and medium enterprises (SMEs) to large enterprises (LOEs). Video analytics systems can be deployed through on-premise setups or cloud-based infrastructures. End-users of video analytics solutions span across various sectors, including BFSI, retail, critical infrastructure, transportation and logistics, hospitality and entertainment, defense and security, and other industries.

The video analytics market research report is one of a series of new reports that provides video analytics market statistics, including video analytics industry global market size, regional shares, competitors with a video analytics market share, detailed video analytics market segments, market trends and opportunities, and any further data you may need to thrive in the video analytics industry. This video analytics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The video analytics market includes revenues earned by entities by providing solutions such as license plate recognition (ALPR), crowd detection, facial recognition, motion tracking & detection, people counting, object detection, and PTZ auto-tracking. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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