Global Video Content Analytics Market to Expand with Advancements in Security Surveillance

The need for physical security has increased across all industrial verticals. Moreover, state authorities have instated new technologies to foster greater level of security in government-owned enterprises and organizations. This trend has also increased the need for video surveillance for critical operations. Hence, the global video content analytics market is projected to grow alongside advancements in the field of video surveillance and security. The advent of video content analytics has helped several security platforms to identify miscreants and criminals.

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Several companies operating across industries such as retail, automotive, and transport deploy video content analytics for greater control and resilience over their operations. The need for preventing mishaps in the transport and logistics industry has paved way for market growth. It is expected that the video content analytics market would attract the attention of multiple other industries in the years to follow.

In this blog, TMR Research throws light on multiple trend operating in the global video content analytics market. The presence of a robust industry for infrastructural security has aided growth of the said market.

Operations of Investigation Bodies

The Central Bureau of Investigation (CBI) uses data from video content analysis to get conclusive evidence in critical cases. This factor has played a vital role in the growth of the global video content analytics market. Furthermore, there is a stellar demand for specialised video processing units across various industries. As governments attempt to fill in gaps in this market, the global video content analytics market shall expand.

Growth of the Entertainment Industry

The use of video content analytics is extremely pronounced in the entertainment industry. As this industry proceeds forward on its growth trajectory, the demand within the global video content analytics market shall escalate.

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Some of the leading players in the global video content analytics market are HikVision Digital (China), Verint Systems (U.S.), Avigilon corporation (U.S,), and Mobotix (Germany).

Owing to Improvement in Business Development Global Video Content Analytics Market Likely to Grow

The global security and surveillance sector is growing at a gigantic pace and is changing from old CCTV frameworks to completely computerized, propelled network-based video surveillance frameworks. Recorded shipment information uncovers that more than 2 billion surveillance camera are working over the world at some random time and the numbers are always rising. With this exponentially ascend in camera numbers, the act of making utilization of video information for compelling reconnaissance is additionally rising. But, inferable from the error prone, manual, and resource based procedure of surveillance, security chiefs are progressively investigating methods for robotizing security recognition and improve utilization of video information made from surveillance cameras.

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With an indispensable task to carry out in the improvement of business insight and justifying public security, the superior innovation that is making an imprint in the video content analytics (VCA) market is adopted significantly. The surged utilization of the VCA innovation in different areas could establish a vigorous framework for an enduring advancement of the global market. The most significant use of VCA is the usage of ongoing research for the change of basic information into noteworthy experiences.

According to various classifications, for example, software, application, and design, the global video content analytics market can be fundamentally sectioned to enable the invested individuals to fathom the general advancement of the market and settle on educated choices.

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Among the well known development drivers, the global video content analytics market is anticipated to check its headway on the forceful selection of system based video observation. The global video content analytics market is foreseen to exploit the surging demand for security items. Other than this, there is a growing issue about security in the private as well as commercial parts.

Video Content Analytics Market expected to witness expansion by 2025

Global Video Content Analytics Market: Snapshot

The global security and surveillance industry is expanding at a massive pace and is transforming from legacy CCTV surveillance systems to fully digital, advanced network-based video surveillance systems. Historical shipment data reveals that over 2 bn security camera are operating across the world at any given time and the numbers are constantly rising. With this exponentially rise in camera numbers, the practice of making use of video data for effective surveillance is also rising. However, owing to the manual, error-prone, and resource-intensive process of surveillance, security managers are increasingly looking into ways of automating security detection and make better use of video data gathered from surveillance cameras.

This need has birthed the video analytics technology, an automated, accurate, and efficient way to transform video content into actionable data about events captured on an incessant manner by video cameras. Owing to the limitless number of areas that video analytics can benefit, including the core field of surveillance and areas such as crime detection, prosecution, and prevention, to more specific areas such as smart transportation, marketing, and gaming, video content analytics is increasingly becoming a mainstream technology.

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In the next few years, the market is expected to witness expansion at a massive pace and a significant rise in areas of application. The market is expected to witness the rise of many new companies and advanced solutions, leading this novel technology to the path of maturity on a global front.

Global Video Content Analytics Market: Brief Outline

With a vital role to play in the improvement of business intelligence and warranting public safety, the premium technology that is making a mark in the video content analytics (VCA) market is commonly adopted today. The intensifying application of the VCA technology in various domains could lay a robust foundation for a lasting progress of the global market. The most crucial application of VCA is the utilization of real time analysis for the conversion of simple data into actionable insights.

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As per different categories such as application, software, and architecture, the global VCA market can be critically segmented to help the interested parties comprehend the overall progress of the market and make informed decisions.

The report further helps to analyze the VCA market based on geography by presenting the forecast and historic revenue figures of different regions and their countries. The analysts have drawn a clear competitive landscape of the market by extensively studying the core competencies and strategically profiling the key players in the industry.

Global Video Content Analytics Market: Trends and Opportunities

Amongst the popular growth drivers, the international VCA market is predicted to count its advancement on the aggressive adoption of network based video surveillance. The global market is also anticipated to take advantage of the rising demand for security products. Besides this, there is an elevating concern about security not only in the residential but also commercial sectors. Companies prevailing in the industry are expected to leverage the opportunities birthed from such growing concerns. Physical security has not been able to largely impress its consumers, owing to which they have lost confidence and reduced their reliance on it.

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The VCA technology, on the other hand, has become immensely popular by improving its adoption significantly and more importantly, at a decent pace. The VCA systems have been proven to be highly effective in increasing the value of operations, safety, and security when integrated with different software such as detection or recognition software. This has tremendously driven the global VCA market with extensive implementation in sensitive areas such as intrusion detection, motion detection, traffic management, and facial detection.

More opportunities are expected to arise from sectors such as retail and business intelligence, which require video analytics. Moreover, the network and IP video surveillance cameras are being made available in the market at declining prices. This is also deemed to considerably contribute toward the growth of the world VCA market.

Global Video Content Analytics Market: Geographical Evaluation

The North America region is anticipated to take the lead in the world VCA market in terms of share for the forecast period 2017–2025. The analysts foresee the region to rise at a healthy CAGR. The Europe market could register a double-digit CAGR during the course of the forecast period. Asia Pacific is also predicted to advance at a towering CAGR on the back of a faster growth propelled from a large population base and several infrastructure projects. The major geographies listed under this region are India, China, Japan, South Korea, and Rest of Asia Pacific. The global market is foretold to stretch its expanse also in the Middle East and Africa region.

Global Video Content Analytics Market: Competitive Scenario

Out of the key players existing in the international VCA market, Cisco (U.S.), ADT security (U.S.), HikVision Digital (China), Avigilon corporation (U.S,), Verint Systems (U.S.), Mobotix (Germany), VCA Technology (U.K.), Bosch security system (Germany), and Allgo Vision (India) are envisaged to make their presence known. The competitive scenario of the global market is extensively studied in the publication so as to help businesses analyze the strategies, mergers and acquisitions, and other important aspects of the top players in the industry.

Emergence of Advanced Security to Boost Video Content Analytics Market

San Francisco, California, September 20, 2017: The expanding global security and surveillance industry is demanding for efficient and effective video content analytics solutions. Furthermore, the increasing number of surveillance cameras are propelling the global market for video content analytics. A new report by TMR Research, titled “Video Content Analytics Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025,” gives an in-depth analysis of the market growth. This report provides projected market values for the global market over the forecast period. These estimations will allows readers to understand the trajectory of the market growth over the coming eight years. The overall market is fragmented into various segments and their contributions to the global market. Numerous figures and charts are included to increase the comprehension of the report and to let the readers easily compare various segments of the market. Proven methodologies have been followed to derive reliable data of this report.

The increasing number of applications of video analytics such as gaming, marketing, smart transportation, and crime prevention, detection, and prosecution is surging the growth for the video analytics market. Integration of various technologies such as big data and artificial intelligence to make analytics more efficient, accurate, and automated is fueling the growth of the market. The video analytics is playing an important role in warranting public safety and in the improvement of business intelligence, which are more likely to help many organizations adopt to advanced analytics solutions. Additionally, prominent players in the market are continuously developing new technologies for analytics to expand their dominance in the market. This report lists various such trends that are benefitting the expansion of the market. These trends are most likely to help readers explore various opportunities present in the market.

The overall market for video content analytics has been bifurcated into various segments on the basis of various categories such as architecture, software, and application. These segmentations are formulated in order to allow readers to empathize various growth aspects of the market. The revenue generated by these segments, estimated market values, and their shares to the global market have been included.

On the basis of geography, the global market for video content analytics can be divided into Middle East and Africa, Asia Pacific, Europe, Latin America, and North America. Among these, the North America segment is most likely to exhibit an impressive growth trajectory due to the presence of significant number of prominent players and rapid adoption of advanced technology. Europe is anticipated to grow with a double digit CAGR rate during the forecast period of 2017-2025. In addition, the presence of developing countries such as China, India, and Japan is envisioned to help the Asia Pacific segment expand exponentially over the forthcoming years. This report provides contributions of these regions to the development of the global market. Furthermore, various trends affecting these regional markets are contained to help the market players comprehend various opportunities these regions are presenting to the market.

The research also report sheds light on the competitive analysis of the market. In this section company profiles of various key players have been encompasses. These companies include, Allgo Vision (India), Bosch security system (Germany), VCA Technology (U.K.), Mobotix (Germany), Verint Systems (U.S.), Avigilon Corporation (U.S.), HikVision Digital (China), ADT security (U.S.), and Cisco (U.S.). These players are involving in various mergers and acquisitions to extend their product catalogue. This report studies various strategies followed by these players to stay competitive in the market.

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