The global video analytics market has reached a valuation of US$ 7.52 billion in 2023, with a projected CAGR of 18.5% from 2023 to 2033. By 2033, the market is anticipated to reach US$ 41.16 billion.
Due to expanding smart city programs in important countries and rising investments in the installation of analytics-based video surveillance systems, the demand for these solutions is anticipated to increase.
During the projected period, it is anticipated that the increased adoption of analytics platforms will drive market expansion. These platforms aim to reduce crime rates by sending out prompt notifications regarding suspicious or unusual activity.
| Attribute | Details |
|---|---|
| Video Analytics Market Estimated Value (2023) | US$ 7.52 billion |
| Video Analytics Market Estimated Value (2033) | US$ 41.16 billion |
| Video Analytics Market Value CAGR (2023 to 2033) | 18.5% |
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The video analytics market is projected to witness substantial growth from 2023 to 2033 compared to the previous period of 2018 to 2022.
As per the FMI analysis, the video analytics industry grew at a rate of 22.4% from 2018 to 2022, garnering revenue of US$ 2.73 billion in 2018. Whereas the market is anticipated to move ahead at 18.5% CAGR from 2023 to 2033, touching a significant market size of US$ 41.16 billion by 2033.
The market outlook for 2023 to 2033 is swayed by factors such as advancements in artificial intelligence (AI), machine learning, and deep learning technologies.
These advancements have enhanced the capabilities of video analytics solutions, enabling real-time video analysis, object detection, facial recognition, and behavior analytics. Moreover, the increasing adoption of video analytics across various industry verticals, including public safety, retail, transportation, and healthcare, is expected to fuel market growth during the forecast period.
The integration of video analytics with other technologies like the Internet of Things (IoT) and cloud computing further augments the market's potential, facilitating advanced surveillance, proactive security measures, and operational efficiencies.
Principal Consultant
Video Analytics Market:
| Attributes | Video Analytics Market |
|---|---|
| CAGR (2023 to 2033) | 18.5% |
| Market Value (2033) | US$ 41.16 billion |
| Opportunity | The integration of video analytics with edge computing technologies presents an opportunity for real-time analysis and decision-making at the edge, reducing latency, improving scalability, and enabling efficient resource utilization. |
| Key Trends | The adoption of artificial intelligence (AI) and machine learning (ML) algorithms in video analytics is a key trend, enhancing the accuracy and capabilities of the systems for object recognition, behavior analysis, and anomaly detection, driving advanced video surveillance applications. |
Security and Surveillance Equipment Market:
| Attributes | Security and Surveillance Equipment Market |
|---|---|
| CAGR (2023 to 2033) | 4.7% |
| Market Value (2033) | US$ 32.8 billion |
| Opportunity | Increasing adoption of cloud-based storage and management solutions in the market likely opens up a wide array of opportunities. |
| Key Trends | The shift towards network-based and IP-based surveillance systems is a key trend, enabling remote monitoring, scalability, and interoperability, along with advanced features such as video analytics, facial recognition, and cloud-based storage and management. |
Retail Analytics Market:
| Attributes | Retail Analytics Market |
|---|---|
| CAGR (2023 to 2033) | 17.3% |
| Market Value (2033) | US$ 55 billion |
| Opportunity | The integration of retail analytics with e-commerce platforms and mobile apps presents an opportunity for personalized marketing, targeted promotions, and seamless omnichannel experiences, driving customer engagement and loyalty. |
| Key Trends | The deployment of IoT technologies enables real-time data collection from various touch points, empowering retailers to make data-driven decisions, optimize operations, and deliver personalized shopping experiences. |
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The expansion of video analytics in this country is driven by the increasing demand for public safety and the need for actionable insights, aiding the country’s projected market size of US$ 13.4 billion by 2033.
The retail sector is expected to dominate the adoption of video analytics solutions in the projected years. The market for video analytics is expanding due to the growing use of video surveillance systems in smart homes.
The United States of America, a market leader in video analytics, is home to several major companies providing advanced video analytics solutions.
Honeywell International, Inc., a prominent participant in the country’s video analytics industry, makes substantial investments in the solutions sector.
The market in the United States is propelled by the rising demand for business intelligence and technologically advanced public safety infrastructure.
In 2017, Citilog launched the largest smart camera project for traffic data collection based on video analytics on a Colombian highway, showcasing the region's commitment to innovative video analytics solutions.
The usage of video analytics solutions in the region is expected to be boosted by government-funded smart city projects and advanced surveillance initiatives for national security.
According to FMI, the market in China likely holds a US$ 3.5 billion share by 2033, advancing at 19.6% CAGR from 2023 to 2033, primarily driven by the retail industry and significant developments in the ICT sector.
China's Yinchuan City stands out as one of the most advanced smart cities in the Asia Pacific, with comprehensive infrastructure integration into a unified system.
The implementation of the Social Credit System in China, which heavily relies on citizen facial identification, is projected to drive the demand for cameras and contribute to the growth of the video analytics market.
With increasing safety concerns and growing government investments in security cameras, developing economies like China are experiencing a heightened need for video analytics solutions.
The software segment is predicted to lead the video analytics industry, experiencing significant growth with a notable CAGR of 18.4% from 2023 to 2033.
Video analytics software is designed to track videos in real-time continuously, offering a range of features tailored for various surveillance systems. These software solutions include capabilities such as edge invasion detection, motion exposure, vehicle tracking, people counting, auto track detection, and advanced motion detection.
These features enable the identification of specific individuals or objects, categorization of events, and detection of suspicious behaviors, enhancing the overall security and operational efficiency of surveillance systems, in turn, auguring well for the market’s future trends.
The segment of large enterprises is projected to dominate the global market, experiencing remarkable growth with a CAGR of 18.3% during the forecast period.
These enterprises allocate significant portions of their IT security budgets to network infrastructure, servers, and critical assets within their trade area. Consequently, they have dedicated teams managing security operations alongside video analytics to monitor a large volume of videos.
Video analytics software for large corporations is specifically tailored to meet their unique requirements, including centralized control, bandwidth optimization, and other specialized features.
The top five players account for the majority of the market share in the worldwide software solutions and services divisions, making the global market both fiercely competitive and reasonably concentrated.
To stay competitive, industry participants have been implementing several strategic initiatives. These consist of partnerships and agreements, new product developments, investments connected to increasing capabilities, collaborations, and investments in research and development.
To acquire a competitive advantage in the market, businesses have also been concentrating on application development and customized products. To diversify their product offering and increase market share, they have also been taking part in numerous mergers and acquisitions.
Key Players:
Recent Developments in the Market:
Supermarkets accounted for 42.5% of the total sales achieved in 2022.
The market is valued at US$ 7.52 billion in 2023.
The overall market has the potential to expand at an 18.5% CAGR through 2033.
The global market valuation is forecasted to reach nearly US$ 41.16 billion by 2033.
The market expanded at 22.4% CAGR from 2018 to 2022.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Component
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Component, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Component, 2023 to 2033
5.3.1. Software
5.3.2. Services
5.4. Y-o-Y Growth Trend Analysis By Component, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Component, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Deployment
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Deployment, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Deployment, 2023 to 2033
6.3.1. On-premise
6.3.2. Cloud
6.4. Y-o-Y Growth Trend Analysis By Deployment, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Deployment, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Organization Size
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis by Organization Size, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast by Organization Size, 2023 to 2033
7.3.1. Small & Medium Enterprises
7.3.2. Large Enterprises
7.4. Y-o-Y Growth Trend Analysis by Organization Size, 2018 to 2022
7.5. Absolute $ Opportunity Analysis by Organization Size, 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Million) Analysis By Application, 2018 to 2022
8.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application, 2023 to 2033
8.3.1. Retail
8.3.2. Critical Infrastructure
8.3.3. Airports
8.3.4. Public Transport
8.3.5. Police
8.3.6. Defense and Security
8.3.7. Smart Cities
8.3.8. Hospitality
8.3.9. Healthcare
8.3.10. BFSI
8.3.11. Transporatation & Logistics
8.3.12. Manufacturing
8.3.13. Mining
8.3.14. Others
8.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
8.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
9.1. Introduction
9.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022
9.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033
9.3.1. North America
9.3.2. Latin America
9.3.3. Europe
9.3.4. Asia Pacific
9.3.5. MEA
9.4. Market Attractiveness Analysis By Region
10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. The USA
10.2.1.2. Canada
10.2.2. By Component
10.2.3. By Deployment
10.2.4. By Organization Size
10.2.5. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Component
10.3.3. By Deployment
10.3.4. By Organization Size
10.3.5. By Application
10.4. Key Takeaways
11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Brazil
11.2.1.2. Mexico
11.2.1.3. Rest of Latin America
11.2.2. By Component
11.2.3. By Deployment
11.2.4. By Organization Size
11.2.5. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Component
11.3.3. By Deployment
11.3.4. By Organization Size
11.3.5. By Application
11.4. Key Takeaways
12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. Germany
12.2.1.2. United Kingdom
12.2.1.3. France
12.2.1.4. Spain
12.2.1.5. Italy
12.2.1.6. Rest of Europe
12.2.2. By Component
12.2.3. By Deployment
12.2.4. By Organization Size
12.2.5. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Component
12.3.3. By Deployment
12.3.4. By Organization Size
12.3.5. By Application
12.4. Key Takeaways
13. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.1.4. Singapore
13.2.1.5. Thailand
13.2.1.6. Indonesia
13.2.1.7. Australia
13.2.1.8. New Zealand
13.2.1.9. Rest of Asia Pacific
13.2.2. By Component
13.2.3. By Deployment
13.2.4. By Organization Size
13.2.5. By Application
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Component
13.3.3. By Deployment
13.3.4. By Organization Size
13.3.5. By Application
13.4. Key Takeaways
14. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By Component
14.2.3. By Deployment
14.2.4. By Organization Size
14.2.5. By Application
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Component
14.3.3. By Deployment
14.3.4. By Organization Size
14.3.5. By Application
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. USA
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2022
15.1.2.1. By Component
15.1.2.2. By Deployment
15.1.2.3. By Organization Size
15.1.2.4. By Application
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2022
15.2.2.1. By Component
15.2.2.2. By Deployment
15.2.2.3. By Organization Size
15.2.2.4. By Application
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2022
15.3.2.1. By Component
15.3.2.2. By Deployment
15.3.2.3. By Organization Size
15.3.2.4. By Application
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2022
15.4.2.1. By Component
15.4.2.2. By Deployment
15.4.2.3. By Organization Size
15.4.2.4. By Application
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2022
15.5.2.1. By Component
15.5.2.2. By Deployment
15.5.2.3. By Organization Size
15.5.2.4. By Application
15.6. United Kingdom
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2022
15.6.2.1. By Component
15.6.2.2. By Deployment
15.6.2.3. By Organization Size
15.6.2.4. By Application
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2022
15.7.2.1. By Component
15.7.2.2. By Deployment
15.7.2.3. By Organization Size
15.7.2.4. By Application
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2022
15.8.2.1. By Component
15.8.2.2. By Deployment
15.8.2.3. By Organization Size
15.8.2.4. By Application
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2022
15.9.2.1. By Component
15.9.2.2. By Deployment
15.9.2.3. By Organization Size
15.9.2.4. By Application
15.10. China
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2022
15.10.2.1. By Component
15.10.2.2. By Deployment
15.10.2.3. By Organization Size
15.10.2.4. By Application
15.11. Japan
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2022
15.11.2.1. By Component
15.11.2.2. By Deployment
15.11.2.3. By Organization Size
15.11.2.4. By Application
15.12. South Korea
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2022
15.12.2.1. By Component
15.12.2.2. By Deployment
15.12.2.3. By Organization Size
15.12.2.4. By Application
15.13. Singapore
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2022
15.13.2.1. By Component
15.13.2.2. By Deployment
15.13.2.3. By Organization Size
15.13.2.4. By Application
15.14. Thailand
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2022
15.14.2.1. By Component
15.14.2.2. By Deployment
15.14.2.3. By Organization Size
15.14.2.4. By Application
15.15. Indonesia
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2022
15.15.2.1. By Component
15.15.2.2. By Deployment
15.15.2.3. By Organization Size
15.15.2.4. By Application
15.16. Australia
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2022
15.16.2.1. By Component
15.16.2.2. By Deployment
15.16.2.3. By Organization Size
15.16.2.4. By Application
15.17. New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2022
15.17.2.1. By Component
15.17.2.2. By Deployment
15.17.2.3. By Organization Size
15.17.2.4. By Application
15.18. GCC Countries
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2022
15.18.2.1. By Component
15.18.2.2. By Deployment
15.18.2.3. By Organization Size
15.18.2.4. By Application
15.19. South Africa
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2022
15.19.2.1. By Component
15.19.2.2. By Deployment
15.19.2.3. By Organization Size
15.19.2.4. By Application
15.20. Israel
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2022
15.20.2.1. By Component
15.20.2.2. By Deployment
15.20.2.3. By Organization Size
15.20.2.4. By Application
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Component
16.3.3. By Deployment
16.3.4. By Organization Size
16.3.5. By Application
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. ADT Security Services, Inc.
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.2. Agent Video Intelligence
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.3. Arecont Vision LLC
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.4. Axis Communications AB
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.5. Basler AG
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.6. Bikal UK
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.7. Bosch Security Systems, Inc.
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.8. Canon Inc.
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.9. Cisco Systems Inc.
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.10. DIGIOP Inc.
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.11. FLIR Systems
17.1.11.1. Overview
17.1.11.2. Product Portfolio
17.1.11.3. Profitability by Market Segments
17.1.11.4. Sales Footprint
17.1.11.5. Strategy Overview
17.1.11.5.1. Marketing Strategy
17.1.12. Genetec Inc
17.1.12.1. Overview
17.1.12.2. Product Portfolio
17.1.12.3. Profitability by Market Segments
17.1.12.4. Sales Footprint
17.1.12.5. Strategy Overview
17.1.12.5.1. Marketing Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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