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Audio and Video Analytics Software Market

Audio and Video Analytics Software Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030

Audio and Video Analytics Software Market: Introduction

  • Video analytics is an automatic analysis and computerized processing of video content generated, collected, or monitored during video surveillance. Audio analytics is about analyzing and understanding audio signals captured by digital devices.  
  • Video analytics software is used to analyze video feeds and alert security, whereas audio analytics software is used to detect audio for video and security systems. In most cases, audio analytics software are processed with video analytics software, for surveillance in public areas.
  • The COVID-19 outbreak has been the main catalyst for the growth and adoption of audio and video analytics software. Organizations, institutions, and governments are now focusing on surveillance across the world. Besides, governments globally have ramped up measures to adopt audio and video analytics software to swiftly respond to the crisis of COVID-19. This is expected to enhance the demand for audio and video analytics software among government agencies for public safety.
Audio and Video Analytics Software Market

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Global Audio and Video Analytics Software Market: Market Dynamics

  • Video surveillance needs are increasing, and the demand for video and audio analytics is growing in various sectors such as retail, government, and BFSI, among others. This increasing need is facilitating the growth of the audio and video analytics software market.
  • Another factor which is expected to drive the audio and video analytics software market during the forecast period is the inefficiency of surveillance authorities to physically monitor and recognize suspicious events from various video data, thus leading to the growing need to find actionable observations from a large amount of audio and video data generated.  
  • Rising concerns about ensuring the protection and safety of the population across developed and developing countries is projected to enhance the growth of the audio and video analytics software market.
  • An increase in demand for IP-based security cameras is expected to increase the demand for audio and video analytics software.
  • Growing adoption of Artificial Intelligence (AI), Internet of Things (IoT) and Machine Learning (ML) for security systems is expected to drive the demand for audio and video analytics software across the world.
  • Increasing investment for smart city development from government bodies and private construction companies  across developed and developing economies is expected to trigger the demand for audio and video analytics software during the forecast period 2020- 2030.

North America to Account for Major Share of the Global Audio and Video Analytics Software Market

  • In terms of region, the global audio and video analytics software market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
  • North America is anticipated to lead the global audio and video analytics software market, due to government initiatives and investment in smart city development in the U.S and Canada. This factor accelerates the growth of the audio and video analytics software market in the North America region.
  • The audio and video analytics software market in Asia Pacific is expected to hold significant share due to rising infrastructure investments by governments for smart cities in developing countries. In addition, the China government has launched an initiative called ‘Made in China 2025,’ to promote industrial growth. In the same way, India launched the ‘Make in India’ initiative, all of which is expected to fuel the growth of the audio and video analytics software market across Asia Pacific.
audio and video analytics software market 1

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Global Audio and Video Analytics Software Market: Competitive Landscape

Key Players Operating in the Global Audio and Video Analytics Software Market

Companies operating in the audio and video analytics software market are increasingly investing in research and development to develop new and innovative techniques to provide audio and video analytics software. The audio and video analytics software market is highly fragmented with the presence of numerous manufacturers in both developed and developing regions. Key players operating in the global audio and video analytics software market are:

  • Adobe.
  • Analytics Vidhya
  • Audio Analytic Ltd.
  • Avaya Inc.
  • Aventura Technologies, Inc.
  • Avigilon Corporation
  • AxxonSoft.
  • Bosch Sicherheitssysteme GmbH
  • Cisco Systems, Inc.
  • Genesys.
  • Honeywell Corporation
  • IBM Corporation
  • Inflow Technologies
  • Milestone Systems A/S
  • NICE Ltd.
  • SESTEK.
  • Verint.
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Global Audio and Video Analytics Software Market: Research Scope

Global Audio and Video Analytics Software Market Segmentation, by Component

  • Software
  • Services

Global Audio and Video Analytics Software Market Segmentation, by Deployment

  • On- premise
  • Cloud

Global Audio and Video Analytics Software Market Segmentation, by End-user

  • BFSI
  • Retail and e-commerce
  • IT & Telecom
  • Healthcare
  • Hospitality
  • Transportation and Logistics
  • Education
  • Manufacturing
  • Defense
  • Others (Life Sciences, and Construction)

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