MarkNtel Advisors has recently published "Video Analytics Market Analysis Share, Growth, Demand, Forecast  2028," a comprehensive research report that provides in-depth analysis of various factors driving the industry's growth across different geographic regions. This report offers reliable insights into the historical, current, and projected trends, in the Video Analytics Market, presented through detailed explanations, tables, and figures. It equips stakeholders with valuable knowledge of the industry dynamics, enabling them to strategize effectively before making investment decisions.

The report indicates that the Video Analytics Market is anticipated to experience a CAGR of approximately 23.3% during the period of 2023-2028. Our analysis encompasses a thorough examination of various environmental factors, economic and social issues, technological advancements, and other relevant aspects that are crucial for stakeholders during decision-making processes. In order to provide a reliable, accurate, and comprehensive understanding of the industry, our analysts have conducted extensive research utilizing tools such as SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis and Porter's Five Forces Analysis.

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Market Dynamics

Key Driver: Snowballing Requirements for Real-Time Incident Detection

Video analytics software helps generate instantaneous warnings across numerous business sectors and improve situational awareness. It may assist in the detection, classification, & tracking of behavioral patterns and specified objects in live or recorded video streams. High-performance capabilities of such solutions can help transform standard surveillance networks into intelligent detection & alert systems for automobiles, people, & static objects.

Moreover, many private/public or government entities are establishing numerous network lines to compute critical videos for better analytics. Furthermore, real-time event detection has aided in reducing crimes, thefts, & other criminal activities, coupled with the overall social condition & international trade climate. Hence, all aspects cited above are projected to drive the market during 2023-28.

Recent Developments

·        On 5 January 2023, Bosch added Flexidome 5100i fixed cameras integrated with Deep Learning video analytics and designed for building security using IVA Pro (Intelligent Video Analytics Pro) Buildings Pack. They support reliable intrusion detection and accurate people counting in crowded areas, especially in & around buildings.

·        In September 2022, Honeywell launched the latest iteration of its Pro-Watch Integrated Security Suite, Pro-Watch 6.0 & Pro-Watch Video Management System (VMS) R750, along with the 35 Series cameras that provide a greater emphasis on cybersecurity & compliance. These higher-resolution IR cameras can cover larger areas, both day & night, with smart human & vehicle motion detection to reduce false alarms.

Segmenting Success: Unveiling Opportunities in the Video Analytics Market 2023-2028

The Video Analytics Market, characterized by its fragmented nature and numerous subdivisions, is thoroughly examined in the report. We provide detailed insights on each segment and geographical location, empowering stakeholders and industry leaders to comprehend the market dynamics and devise new strategies and investments. Furthermore, by gaining a deeper understanding of the ebb and flow within each segment, investors can make well-informed decisions and expand their production and revenue streams in the coming years. The report focuses on key market dynamics, including recent developments, trends, demand and supply chain analysis, purchase patterns, and product/service pricing, among others, within the following segments:

Based on Component

- Service

- Software

Based on Deployment

- On-Premises

- Cloud

Based on Application

- Incident Detection

- Intrusion Management

- People/Crowd Counting

- Traffic Monitoring

- ANPR

- Facial Recognition

- Others (AR and Ego-Motion Estimation)

Based on Type

- Edged-Based

- Server-Based

Based on 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 (Healthcare and Life Sciences, and Construction)

Geographically, the Video Analytics Market expands across the following:

- North America

- South America

- Europe

- Asia Pacific

- Middle East and Africa

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Unveiling the Competitive Landscape: Insights into Key Players in the Video Analytics Market 2023-2028

The report provides a comprehensive competitive analysis, highlighting a key aspect of the industry—the existing players. Each player is extensively profiled, covering vital aspects such as business overview, demand and supply chain, key strategies, latest news, product launches, pricing catalog, recent developments, revenue generation, stakes and investments, and trends. These insights aim to assist stakeholders in diversifying and strategizing their investments and participation in the Video Analytics Market, ultimately seeking substantial revenue generation over the forecasted years.

- Avigilon

- Cisco

- Axis Communications

- Agent VI

- AllGoVision

- Aventura Systems

- Genetec

- i2V

- IntelliVision

- intuVision

- PureTech Systems

- Qognify

- Honeywell

- IBM

- iOmniscient

- BriefCam

- Digital Barriers

- IPSOTEK

- Gorilla Technology

- Bosch Security

About MarkNtel Advisors

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals. Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.

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