How big is the Video Analytics Market?

The Video Analytics Market size is expected to reach USD 2.96 billion in 2024 and grow at a CAGR of 15.20% to reach USD 6.01 billion by 2029. Read More

What is the current Video Analytics Market size?

In 2024, the Video Analytics Market size is expected to reach USD 2.96 billion. Read More

Who are the key players in Video Analytics Market?

Axis Communications AB, Cisco Systems , Inc., International Business Machines Corporation, Aventura Technologies Inc. and Avigilon Corporation (Motorola Solutions) are the major companies operating in the Video Analytics Market. Read More

Which is the fastest growing region in Video Analytics Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Video Analytics Market?

In 2024, the North America accounts for the largest market share in Video Analytics Market. Read More

What years does this Video Analytics Market cover, and what was the market size in 2023?

In 2023, the Video Analytics Market size was estimated at USD 2.57 billion. The report covers the Video Analytics Market historical market size for years: 2021, 2022 and 2023. The report also forecasts the Video Analytics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Video Analytics Market Report and Growth Analysis

Video Analytics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Video Analytics Market Analysis and it is Segmented by Type (Software (On-premise and Cloud) and Services), by End User (BFSI, Healthcare, Retail & Logistics, Critical Infrastructure, Hospitality and Transportation, Defense and Security, and Other End-user Verticals), and by Geography (North America, Europe, Asia-Pacific, Latin America and Middle East and Africa). The market size and forecasts are provided in terms of value (USD million) for all the above segments.

Video Analytics Industry Overview

The market is quite fragmented and moving toward a consolidated market format, owing to prominent vendors who can spend on R&D to improve their offerings. The companies include artificial intelligence and machine learning to enhance their offerings. The major companies include Axis Communications AB, Avigilon Corporation (Motorola Solutions), Cisco Systems Inc., IBM Corporation, and Aventura Technologies Inc. Some of the latest developments in the market are:

In September 2022, Honeywell launched the latest iteration of its Pro-Watch Integrated Security Suite, including Pro-Watch 6.0 and Pro-Watch Video Management System (VMS) R750, along with the 35 Series cameras that will round out its portfolio of cameras that work in NDAA-compliant systems, at the Global Security Exchange (GSX) 2022. Honeywell Pro-Watch 6.0 is the latest iteration of the Honeywell Pro-Watch Integrated Security Suite, enabling higher levels of compliance for highly regulated industries without adding work to security teams.
In March 2022, Senstar, a world leader in video management solutions and perimeter intrusion detection systems (PIDS), announced that it had opened a software development branch in Timisoara, Romania. A development center in the EMEA region will allow the company to holistically address its customers' unique needs and develop related products and solutions.