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Published Date: 2016-02-16Number of Pages: 116

Video Analytics Market (Application - Video Indexing, People Recognition, License Plate Recognition, Object Recognition, Incident Detection, and Others; End-use Industry - Residential, Commercial and Industrial, Urban Security and Public Safety, Healthcare, Defense and Border Security, Transportation and Logistics, Retail, and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

This report aims to provide a comprehensive strategic analysis of the global video analytics market along with the market revenue and growth forecast for the period from 2013 to 2023. Increasing necessity for safety and security and valuable insights from video analytics solutions is propelling the growth for the video analytics market. Video analytics equipment and solutions provide post-event as well as real-time event detection by analyzing the data. This increases the efficiency of businesses and security and reduces manpower costs. Moreover, increasing demand for video analytics solutions in various end-user areas, such as residential, commercial, industrial, transportation and logistics, healthcare, defense intelligence and retail applications is driving the market for video analytics globally. Video analytics equipment manufacturers and solution providers focus on providing technologically advanced products to customers to ensure better work, greater reliability, and increased precision.

This research study on the global video analytics market provides a detailed analysis of how different regions around the globe are using video analytics for various applications to enhance the efficiency of the security solutions as well as businesses themselves. The report offers an in-depth study of the market drivers, restraints, and growth opportunities. Using these factors, the report identifies various trends expected to impact the market during the forecast period from 2015 to 2023. The report includes a comprehensive coverage of the underlying economic, environmental, and technological factors influencing the video analytics market. It also provides the competitive landscape of the key players in the video analytics market in order to highlight the prevalent competition in this market. The report also provides a detailed competitive analysis of the key players in the video analytics market and identifies various business strategies adopted by these leading players. The study explains the penetration of each market segment within various geographies, and how these segments have accelerated the growth of the video analytics market.

Based on application, the video analytics market is segmented into video indexing, people recognition, incident detection, license plate recognition, object recognition, cross-camera tracking, and traffic monitoring applications. The report also provides information pertaining to different end-users such as residential, commercial, industrial, transportation and logistics, healthcare, hospitality and education industry. The report aims to provide a comprehensive, cross-sectional analysis of the video analytics market across major geographical segments such as North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. Video analytics performs various tasks such as analysis of pre-recorded videos for the extraction of data or events from recorded video, and real-time analysis for the purpose of instant retrieval of events of interest as they happen.

The report includes an overview of the market strategies, annual revenues, and the recent developments of the key companies operating in the market. The key market participants profiled in the study include Bosch Security Systems Inc., VCA Technology Ltd., Genetec, Inc., Avigilon Corporation, IntelliVision, Cisco Systems Inc., PureTech Systems Inc., Honeywell International Inc., Milestone Systems A/S, Samsung Techwin Co., Ltd. (Hanwha Group), IBM Corporation, General Electric, and Nice Systems Ltd. The report provides comprehensive analysis of the video analytics solutions offered by these leading players. In-depth insights on research and development activities, new product launches, and upcoming technologies are also included in the report.

Market Segmentation:

Video Analytics Market Analysis, by Application

  • Video Indexing
  • People Recognition
  • License Plate Recognition
  • Object Recognition
  • Incident Detection
  • Others

Video Analytics Market Analysis, by End-use Industry

  • Residential
  • Commercial and Industrial
  • Urban Security and Public Safety
  • Healthcare
  • Defense and Border Security
  • Transportation and Logistics
  • Retail
  • Others

In addition, the report provides cross-sectional analysis of the video analytics market with respect to the following geographical segments:

  • North America
    • The U.S.
    • Rest of North America
  • Europe
    • EU7
    • CIS
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • Oceania
    • Rest of Asia Pacific
  • Middle East and Africa (MEA)
    • GCC Countries
    • Rest of MEA
  • Latin America
    • Brazil
    • Rest of Latin America

 

1. Preface
     1.1. Research Scope
     1.2. Market Segmentation
     1.3. Research Methodology

2. Executive Summary
     2.1. Global Video Analytics Market Snapshot
     2.2. Global Video Analytics Market Revenue, 2013 – 2023 (US$ Mn) and Year-on-Year Growth (%)

3. Global Video Analytics Market Analysis, 2013 – 2023 (US$ Mn)
     3.1. Key Trends Analysis
     3.2. Market Dynamics
            3.2.1. Drivers
            3.2.2. Restraints
            3.2.3. Opportunities
     3.3. Ecosystem Analysis: Video Analytics Market
     3.4. Global Video Analytics Market Analysis, By Application, 2013 – 2023 (US$ Mn)
            3.4.1. Overview
                     3.4.1.1. Revenue Comparison, 2014 and 2023
            3.4.2. Video Indexing
            3.4.3. People Recognition
            3.4.4. Incident Detection
            3.4.5. License Plate Recognition
            3.4.6. Object Recognition
            3.4.7. Others (Cross Camera Tracking, Traffic Monitoring, etc.)
     3.5. Global Video Analytics Market Analysis, By End-use Industry, 2013 – 2023 (US$ Mn)
            3.5.1. Overview
                     3.5.1.1. Revenue Comparison, 2014 and 2023
            3.5.2. Residential
            3.5.3. Commercial and Industrial
            3.5.4. Urban Security and Public Safety
            3.5.5. Healthcare
            3.5.6. Defense and Border Security
            3.5.7. Logistics and Transportation
            3.5.8. Retail
            3.5.9. Others (Hospitality, Education, etc.)
     3.6. Competitive Landscape
            3.6.1. Market Positioning of Key Players, 2014
            3.6.2. Competitive Strategies Adopted by Leading Players

4. North America Video Analytics Market Analysis, 2013 – 2023 (US$ Mn)
     4.1. Key Trend Analysis
     4.2. North America Video Analytics Market Analysis, By Application, 2013 – 2023 (US$ Mn)
            4.2.1. Video Indexing
            4.2.2. People Recognition
            4.2.3. Incident Detection
            4.2.4. License Plate Recognition
            4.2.5. Object Recognition
            4.2.6. Others (Cross Camera Tracking, Traffic Monitoring, etc.)
     4.3. North America Video Analytics Market Analysis, By End-use Industry, 2013 – 2023 (US$ Mn)
            4.3.1. Residential
            4.3.2. Commercial and Industrial
            4.3.3. Urban Security and Public Safety
            4.3.4. Healthcare
            4.3.5. Defense and Border Security
            4.3.6. Logistics and Transportation
            4.3.7. Retail
            4.3.8. Others (Hospitality, Education, etc.)
     4.4. North America Video Analytics Market Analysis, By Country, 2013 – 2023 (US$ Mn)
            4.4.1. U.S.
            4.4.2. Rest of North America

5. Europe Video Analytics Market Analysis, 2013 – 2023 (US$ Mn)
     5.1. Key Trend Analysis
     5.2. Europe Video Analytics Market Analysis, By Application, 2013 – 2023 (US$ Mn)
            5.2.1. Video Indexing
            5.2.2. People Recognition
            5.2.3. Incident Detection
            5.2.4. License Plate Recognition
            5.2.5. Object Recognition
            5.2.6. Others (Cross Camera Tracking, Traffic Monitoring, etc.)
     5.3. Europe Video Analytics Market Analysis, By End-use Industry, 2013 – 2023 (US$ Mn)
            5.3.1. Residential
            5.3.2. Commercial and Industrial
            5.3.3. Urban Security and Public Safety
            5.3.4. Healthcare
            5.3.5. Defense and Border Security
            5.3.6. Logistics and Transportation
            5.3.7. Retail
            5.3.8. Others (Hospitality, Education, etc.)
     5.4. Europe Video Analytics Market Analysis, By Country, 2013 – 2023 (US$ Mn)
            5.4.1. EU7 (UK, Italy, Spain, France, Germany, Belgium, and Netherlands)
            5.4.2. CIS
            5.4.3. Rest of Europe

6. Asia Pacific Video Analytics Market Analysis, 2013 – 2023 (US$ Mn)
     6.1. Key Trend Analysis
     6.2. Asia Pacific Video Analytics Market Analysis, By Application, 2013 – 2023 (US$ Mn)
            6.2.1. Video Indexing
            6.2.2. People Recognition
            6.2.3. Incident Detection
            6.2.4. License Plate Recognition
            6.2.5. Object Recognition
            6.2.6. Others (Cross Camera Tracking, Traffic Monitoring, etc.)
     6.3. Asia Pacific Video Analytics Market Analysis, By End-use Industry, 2013 – 2023 (US$ Mn)
            6.3.1. Residential
            6.3.2. Commercial and Industrial
            6.3.3. Urban Security and Public Safety
            6.3.4. Healthcare
            6.3.5. Defense and Border Security
            6.3.6. Logistics and Transportation
            6.3.7. Retail
            6.3.8. Others (Hospitality, Education, etc.)
     6.4. Asia Pacific Video Analytics Market Analysis, By Country, 2013 – 2023 (US$ Mn)            
            6.4.1. Japan
            6.4.2. China
            6.4.3. South Asia (India, Pakistan, Bangladesh, & Sri Lanka)
            6.4.4. Australasia (Australia, NZ & Guinea)
            6.4.5. Rest of APAC

7. Middle-East and Africa (MEA) Video Analytics Market Analysis, 2013 – 2023 (US$ Mn)
     7.1. Key Trend Analysis
     7.2. Middle East and Africa Video Analytics Market Analysis, By Application, 2013 – 2023 (US$ Mn)
            7.2.1. Video Indexing
            7.2.2. People Recognition
            7.2.3. Incident Detection
            7.2.4. License Plate Recognition
            7.2.5. Object Recognition
            7.2.6. Others (Cross Camera Tracking, Traffic Monitoring, etc.)
     7.3. Middle East and Africa Video Analytics Market Analysis, By End-use Industry, 2013 – 2023 (US$ Mn)
            7.3.1. Residential
            7.3.2. Commercial and Industrial
            7.3.3. Urban Security and Public Safety
            7.3.4. Healthcare
            7.3.5. Defense and Border Security
            7.3.6. Logistics and Transportation
            7.3.7. Retail
            7.3.8. Others (Hospitality, Education, etc.)
     7.4. MEA Video Analytics Market Analysis, By Country, 2013 – 2023 (US$ Mn)
            7.4.1. GCC Countries
            7.4.2. Rest of MEA

8. Latin America Video Analytics Market Analysis, 2013 – 2023 (US$ Mn)
     8.1. Key Trend Analysis
     8.2. Latin America Video Analytics Market Analysis, By Application, 2013 – 2023 (US$ Mn)
            8.2.1. Video Indexing
            8.2.2. People Recognition
            8.2.3. Incident Detection
            8.2.4. License Plate Recognition
            8.2.5. Object Recognition
            8.2.6. Others (Cross Camera Tracking, Traffic Monitoring, etc.)
     8.3. Latin America Video Analytics Market Analysis, By End-use Industry, 2013 – 2023 (US$ Mn)
            8.3.1. Residential
            8.3.2. Commercial and Industrial
            8.3.3. Urban Security and Public Safety
            8.3.4. Healthcare
            8.3.5. Defense and Border Security
            8.3.6. Logistics and Transportation
            8.3.7. Retail
            8.3.8. Others (Hospitality, Education, etc.)
     8.4. Latin America Video Analytics Market Analysis, By Country, 2013 – 2023 (US$ Mn)
            8.4.1. Brazil
            8.4.2. Rest of Latin America

9. Company Profiles
     9.1. Bosch Security Systems Inc.
            9.1.1. Company Details (HQ, Foundation Year, Employee Strength)
            9.1.2. Market Presence, By Segment and Geography
            9.1.3. Key Developments
            9.1.4. Strategy and Historical Roadmap
            9.1.5. Revenue and Operating Profits
* Similar details would be provided for all the players mentioned below
     9.2. VCA Technology Ltd.
     9.3. Avigilon Corporation
     9.4. Genetec, Inc.
     9.5. IntelliVision
     9.6. Samsung (Samsung Techwin)
     9.7. Cisco Systems, Inc.
     9.8. GE Security
     9.9. Honeywell International Inc.
     9.10. Milestone Systems A/S

The need for enhanced security and demand for gathering insights from customer behavior is driving the video analytics market globally. The market for video analytics is anticipated to expand at a CAGR of 20.6% during the forecast period from 2015 to 2023. The global video analytics market was valued at US$ 1,709.0 Mn in 2014. Some of the key factors driving the growth of the video analytics market include the expanding range of vertical applications, a growing trend toward bringing retail outlets and commercial premises under video analytics due to security concerns and the need to monitor and understand the environment around the premises. Video analytics is widely deployed in residential, commercial and industrial, urban security and public safety, healthcare, defense and border security, transportation and logistics, retail, and other settings. 

Video analytics equipment and solutions provide post-event as well as real-time event detection through data analysis. This increases the efficiency and security of businesses and reduces manpower costs. Video analytics equipment manufacturers and solution providers focus on providing technologically advanced products to customers to ensure better work, greater reliability, and increased precision. This has magnified the need for video analytics in various end-use industries. Furthermore, retail industry is transforming itself to deter crime and reduce losses by creating a safer environment for staff and customers. All these factors are expected to help drive the demand for video analytics, thereby helping the market grow during the forecast period.

In terms of various applications, the global video analytics market is segmented into video indexing, people recognition, license plate recognition, object recognition, incident detection, and others including traffic monitoring, cross-camera tracking, safety alerts, post-event analysis, wide spectrum imagery etc. In 2014, among these, video analytics for people recognition applications was the most preferred, and accounted for around 30% of the revenue of the overall video analytics market. Moreover, this segment is expected to expand at a CAGR of 20.0% from 2015 to 2023. The most significant factor driving the market for video analytics for people recognition applications is the high demand for video analytics to accurately count the number of people moving through shops, schools, banks, sports and transport facilities, prisons, museums, visitor attractions, airports, and parking lots.

In terms of different end-use industry, the video analytics market is classified into residential, commercial and industrial, urban security and public safety, healthcare, defense and border security, transportation and logistics, retail, and others including education, entertainment, and hospitality. In 2014, commercial and industrial end-users held the largest revenue share of around 25% of the overall video analytics market. However, video analytics deployed in retail industry are expected to grow at the fastest CAGR in terms of revenue during the forecast period from 2015 to 2023.

Geographically, North America is the largest market for video analytics, globally. In 2014, North America accounted for around 36% of the overall video analytics market revenue share. Furthermore, Asia Pacific is expected to witness the fastest growth during the forecast period. China, India, Japan, Australia, and South Korea are among the major markets for video analytics in this region.

 

video-analytics-market

 

The video analytics market is highly fragmented and a few brands have established themselves in the market: Avigilon Corporation, VCA Technology Ltd., Genetec, Inc., IntelliVision, and United Technologies Corporation. A large number of other regional players are located across different geographies. These players are well established in regional markets but have a limited global presence. These regional players offer video analytics for use in regional industries and retail channels. Similarly, the market is highly unorganized within Asia Pacific (APAC), wherein a number of local/regional manufacturers dominate. Moreover, technological advancements such as inclusion of artificial intelligence to add value in collated information in video analytics has fueled the demand and created greater opportunities. Therefore all the leading players are focusing on bringing technological advancement to video analytics. For instance, in November 2015, VCA Technology Ltd. introduced a new-generation public view monitor designed for retail security. Moreover, in August 2015, VCA Technology Ltd. strengthened its sales team and also launched a new range of IP network video devices, featuring analytics technology. Likewise, Avigilon Corporation is continuously focusing on expanding its footprint in deploying access control and video analytics products to provide high-quality and cost-efficient solutions to its customers. As a part of this strategy, the company offers customizable, open solutions, and end-to-end video surveillance and video analytics solutions to customers in more than 120 countries. The company also emphasizes new product development to remain competitive in the global video analytics market. 

The global video analytics market shows the presence of key players including Bosch Security Systems Inc., Genetec, Inc., Avigilon Corporation, VCA Technology Ltd., Milestone Systems A/S, Honeywell International, Inc., Samsung Techwin (Hanwha Techwin), Cisco Systems Inc., United Technologies Corporation, and IntelliVision.


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