Intelligent Video Analytics Systems Market Size, Report, Share, Overview And Future Forecast To 2033
Posted by Sushmitha on May 14th, 2024
Overview and Scope
Intelligent video analytics (IVA) systems refer to the real-time or post-processing analysis of video data using artificial intelligence (AI) and computer vision techniques. It is used to provide surveillance systems the ability to perform more complex functions, including object detection, tracking, recognition, behavior analysis, and anomaly detection.
Sizing and Forecast
The intelligent video analytics market size has grown rapidly in recent years. It will grow from .54 billion in 2023 to .07 billion in 2024 at a compound annual growth rate (CAGR) of 15%. The growth in the historic period can be attributed to increased data storage capacities, edge computing integration, global health crisis response, smart home and IoT expansion.
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Segmentation & Regional Insights
The intelligent video analytics systems market covered in this report is segmented –
1) By Type: Camera-based Systems, Server-based Systems
2) By Offering: Hardware, Software
3) By Application: Banking, Financial Services and Insurance (BFSI) Sector, Government, Industrial Sector, Retail Sector, Transportation, Other Application
North America was the largest region in the intelligence video analytics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the intelligent video analytics systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Increased demand for surveillance and security solutions is expected to propel the growth of the intelligent video analytics market going forward. Surveillance and security solutions refer to a wide range of technologies and strategies designed to monitor and protect people, property, and information. Intelligent video analytics uses advanced algorithms and artificial intelligence to extract meaningful insights from video data, enhancing the overall effectiveness of surveillance and security measures. For instance, in August 2022, Buddi Limited, a UK-based technology company, signed a £6 million (approximately million) contract with the UK government to use facial recognition smartwatches to monitor immigrants convicted of a criminal offense in the UK, which indicates a rise in the use of surveillance and security solutions through intelligent video analytics. Therefore, increased demand for surveillance and security solutions is driving the growth of the intelligent video analytics market.
Key Industry Players
Major companies operating in the intelligent video analytics systems market report are Robert Bosch GmbH, Motorola Solutions Inc., Teledyne FLIR LLC, Hexagon AB, Advantech Co. Ltd., Axis Communications AB, Verint Systems Inc., Ambarella Inc., Genetec Inc., Cybernet Systems Corporation, Panasonic Corporation, International Business Machines Corporation, Evolv Technologies Holdings Inc., Infinova, Honeywell International Inc., Toyon Research Corporation, Intelligent Security Systems Corporation, Vivotek Inc., NetraDyne, Gorilla Technology Inc., Aventura Technologies Inc., AllGoVision Technologies Pvt. Ltd., Spot AI Inc., Irisity AB, Clarifai Inc., PureTech Systems Inc., Uncanny Vision Solutions Private Limited, Agent Vi Ltd., Objectvideo Inc., Aralia Systems Ltd
The intelligent video analytics systems market report table of contents includes:
1. Executive Summary
2. Intelligent Video Analytics Systems Market Characteristics
3. Intelligent Video Analytics Systems Market Trends And Strategies
4. Intelligent Video Analytics Systems Market - Macro Economic Scenario
5. Global Intelligent Video Analytics Systems Market Size and Growth
...
32. Global Intelligent Video Analytics Systems Market Competitive Benchmarking
33. Global Intelligent Video Analytics Systems Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Intelligent Video Analytics Systems Market
35. Intelligent Video Analytics Systems Market Future Outlook and Potential Analysis
36. Appendix
