비디오 분석 시장 보고서 : 동향, 예측 및 경쟁 분석(-2030년)

Video Analytics Trends and Forecast

The future of the global video analytics market looks promising with opportunities in the crowd management, facial recognition, intrusion detection, license plate recognition, and motion detection markets. The global video analytics market is expected to reach an estimated $10.2 billion by 2030 with a CAGR of 23.0% from 2024 to 2030. The major drivers for this market are growing concerns regarding the safety and security of the public, expanding use of video analytics to lower crime rates by promptly alerting users to questionable or anomalous activity, and technological development in deep learning, artificial intelligence & edge computing.

Lucintel forecasts that software will remain the larger segment over the forecast period due to rising adoption of video analytics software by the end-use industries, as well as, software helps in detecting a wide range of events encompassing people, vehicles, and static objects and analyzing videos from multiple sources.

North America is expected to witness the highest growth over the forecast period due to large presence of key industry players, as well as, rapid technological development in the country supported by strong economic growth in the region.

Emerging Trends in the Video Analytics Market

The video analytics industry is evolving with new trends that are enhancing its capabilities and expanding its applications. These trends are driven by technological innovations, the need for real-time data, and the increasing importance of security and business intelligence.

• AI-Powered Analytics: The integration of AI in video analytics is enabling more accurate and real-time insights. AI algorithms can identify patterns, detect anomalies, and provide predictive analytics, making video analytics more powerful in sectors like security, retail, and healthcare.
• Edge Computing: The shift towards edge computing allows video analytics to be processed closer to the data source, reducing latency and bandwidth usage. This trend is particularly beneficial for applications requiring real-time analysis, such as traffic management and emergency response.
• Behavioral Analytics: Video analytics is increasingly being used to analyze human behavior, such as customer movements in retail or passenger behavior in transport systems. This trend is helping businesses and public services to better understand and predict human actions, leading to improved service delivery.
• Integration with IoT: The integration of video analytics with IoT devices is creating smarter environments where data from multiple sources can be analyzed collectively. This trend is driving innovations in smart cities, where video data is combined with sensors and other IoT devices to improve urban management.
• Cloud-Based Solutions: The adoption of cloud-based video analytics is on the rise, offering scalability, flexibility, and cost-effectiveness. Cloud solutions enable businesses to process and store large amounts of video data without the need for extensive on-premise infrastructure, making advanced analytics accessible to a wider audience.

These emerging trends are reshaping the video analytics industry by making it more intelligent, responsive, and integrated. The focus on AI, edge computing, and IoT integration is driving innovation, while cloud-based solutions and behavioral analytics are expanding the technology's reach across various sectors.

Recent Developments in the Video Analytics Market

The video analytics market has seen several key developments that are enhancing its capabilities and expanding its applications. These advancements are driven by the need for improved security, operational efficiency, and real-time data analysis across various industries.

• Real-Time Facial Recognition: Advances in real-time facial recognition technology are enabling more accurate and faster identification processes. This development is particularly impactful in security and law enforcement, where quick and accurate identification is crucial for maintaining public safety and preventing crime.
• Behavioral Analysis: The development of video analytics for behavioral analysis is gaining traction in retail and public safety. This technology enables the analysis of customer behavior, employee movements, and public interactions, providing valuable insights for optimizing operations and improving safety measures.
• Integration with AI and ML: Video analytics is increasingly being integrated with AI and machine learning (ML) algorithms to enhance predictive capabilities. This development allows for the identification of patterns and anomalies in real-time, making the technology more effective in preventing incidents and optimizing processes.
• Expansion into Healthcare: Video analytics is making inroads into healthcare, where it is being used for patient monitoring and elder care. The ability to detect unusual behavior, such as falls or sudden movements, is proving to be a valuable tool in enhancing patient safety and improving care quality.
• Cloud-Based Video Analytics: The shift towards cloud-based video analytics is enabling companies to process and store large volumes of video data more efficiently. This development is making advanced video analytics accessible to smaller businesses and organizations, expanding the technology's reach.

These developments are significantly impacting the video analytics market by enhancing its functionality, efficiency, and adaptability. The ongoing innovations are making video analytics a critical tool in security, healthcare, retail, and other sectors, driving widespread adoption and further advancements.

Strategic Growth Opportunities for Video Analytics Market

The video analytics market presents several strategic growth opportunities across key applications. These opportunities are driven by the increasing demand for enhanced security, operational efficiency, and real-time data analysis in various industries.

• Smart Cities: Video analytics offers significant growth opportunities in the development of smart cities. By integrating video analytics with other smart city technologies, municipalities can improve traffic management, public safety, and resource allocation, enhancing urban living conditions.
• Retail Optimization: Retailers can leverage video analytics to gain insights into customer behavior, optimize store layouts, and improve inventory management. This growth opportunity is driven by the need for data-driven decision-making in a highly competitive retail environment.
• Healthcare Monitoring: Video analytics is increasingly being used in healthcare for patient monitoring and elder care. This growth opportunity is driven by the need for non-intrusive monitoring solutions that can detect and alert caregivers to potential issues, improving patient outcomes and safety.
• Transportation Safety: The transportation sector is adopting video analytics to enhance safety and efficiency. This growth opportunity involves using video data to monitor passenger behavior, prevent accidents, and optimize traffic flow, contributing to safer and more efficient transportation systems.
• Industrial Automation: Video analytics is playing a key role in industrial automation by monitoring production processes, ensuring workplace safety, and optimizing operations. This growth opportunity is driven by the need for increased efficiency and safety in manufacturing and industrial environments.

These strategic growth opportunities are reshaping the video analytics market by expanding its applications and driving adoption across various sectors. The focus on smart cities, retail, healthcare, transportation, and industrial automation is propelling the market forward, creating new avenues for innovation and growth.

Video Analytics Market Driver and Challenges

The video analytics market is influenced by various drivers and challenges that stem from technological, economic, and regulatory factors. Understanding these dynamics is crucial for stakeholders navigating this rapidly evolving market.

The factors responsible for driving the video analytics market include:

1. Technological Advancements: Continuous advancements in AI, machine learning, and cloud computing are driving the adoption of video analytics. These technologies enhance the capabilities of video analytics, making it more accurate, reliable, and accessible for various applications.

2. Increasing Security Concerns: Rising security concerns, both in the public and private sectors, are a major driver for the video analytics market. The need for real-time surveillance and threat detection is pushing the demand for advanced video analytics solutions.

3. Smart City Initiatives: The global push towards smart city development is driving the adoption of video analytics for traffic management, public safety, and urban planning. Video analytics is a critical component of smart city infrastructure, enabling more efficient and data-driven urban management.

4. Growing E-commerce Sector: The rapid growth of e-commerce is increasing the demand for video analytics in retail for customer behavior analysis, inventory management, and loss prevention. Video analytics helps retailers optimize their operations and enhance the customer experience.

5. Regulatory Compliance: Increasing regulatory requirements for surveillance and data management are driving the adoption of video analytics. Businesses are using video analytics to comply with regulations related to security, data protection, and workplace safety.

Challenges in the video analytics market are:

1. Data Privacy Concerns: The use of video analytics raises significant data privacy concerns, particularly related to facial recognition and behavioral analysis. Ensuring compliance with data protection laws and addressing public concerns are major challenges for the industry.

2. High Implementation Costs: The high cost of implementing advanced video analytics systems can be a barrier to adoption, especially for small and medium-sized enterprises (SMEs). The return on investment may not be immediate, deterring some businesses from adopting the technology.

3. Technical Complexity: The technical complexity of video analytics systems, including integration with existing infrastructure and the need for specialized skills, can pose challenges for implementation. This complexity can lead to higher costs and longer deployment times.

4. False Positives and Accuracy: Despite advancements in technology, video analytics systems can still produce false positives or inaccurate results, particularly in complex environments. Ensuring the reliability and accuracy of these systems remains a challenge.

5. Evolving Regulatory Landscape: The regulatory environment for video analytics is constantly evolving, with new laws and regulations being introduced. Keeping up with these changes and ensuring compliance can be challenging for businesses, particularly those operating in multiple regions.

The video analytics market is driven by technological advancements and increasing security needs, but it also faces challenges related to privacy, costs, and regulatory compliance. Balancing these drivers and challenges will be crucial for the continued growth and development of the industry.

List of Video Analytics Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies video analytics companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the video analytics companies profiled in this report include-

• Axis Communications
• Agent Video Intelligence
• Honeywell International
• IBM Corporation
• Cisco Systems

Video Analytics by Segment

The study includes a forecast for the global video analytics by type, deployment, application, end use industry, and region.

Video Analytics Market by Type [Analysis by Value from 2018 to 2030]:

• Software
• Services

Video Analytics Market by Deployment [Analysis by Value from 2018 to 2030]:

• Cloud
• On-Premise

Video Analytics Market by Application [Analysis by Value from 2018 to 2030]:

• Crowd Management
• Facial Recognition
• Intrusion Detection
• License Plate Recognition
• Motion Detection
• Others

Video Analytics Market by End Use Industry [Analysis by Value from 2018 to 2030]:

• BFSI
• Government
• Critical Infrastructure
• Education
• Retail
• Travel and Transportation
• Healthcare
• Others

Video Analytics Market by Region [Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

Country Wise Outlook for the Video Analytics Market

Major players in the market are expanding their operations and forming strategic partnerships to strengthen their positions. Below image highlights recent developments by major video analytics producers in key regions: the USA, China, India, Japan, and Germany

• United States: In the U.S., video analytics is increasingly integrated into public safety and retail sectors. The focus is on using AI to enhance real-time surveillance and customer behavior analysis. Government initiatives to improve urban safety and the expansion of smart city projects are driving the adoption of advanced video analytics solutions.
• China: China is leading in video analytics innovation, particularly in facial recognition and crowd monitoring technologies. The government's emphasis on national security and public surveillance has resulted in widespread deployment of video analytics across urban centers. Additionally, video analytics is being integrated with AI to support smart city initiatives and public safety.
• Germany: Germany is focusing on the integration of video analytics with Industry 4.0 applications. The technology is being utilized in manufacturing for process optimization and workplace safety. Additionally, German cities are adopting video analytics for traffic management and public security, aligning with the country's push towards smart infrastructure.
• India: India is seeing a surge in video analytics adoption in the retail and public safety sectors. The government's Smart Cities Mission is a key driver, promoting the use of video analytics for urban security and traffic management. Retailers are using the technology to enhance customer experience and improve operational efficiency.
• Japan: Japan's aging population is driving the use of video analytics in healthcare and elder care facilities. The technology is also being deployed in public transport systems to monitor passenger behavior and enhance safety. Japan's focus on robotics and AI integration is propelling advancements in video analytics for various applications.

Features of the Global Video Analytics Market

Market Size Estimates: Video analytics market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Video analytics market size by various segments, such as by type, deployment, application, end use industry, and region in terms of value ($B).

Regional Analysis: Video analytics market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, deployment, application, end use industry, and regions for the video analytics market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the video analytics market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

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FAQ

Q1. What is the video analytics market size?

Answer: The global video analytics market is expected to reach an estimated $10.2 billion by 2030.

Q2. What is the growth forecast for video analytics market?

Answer: The global video analytics market is expected to grow with a CAGR of 23.0% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the video analytics market?

Answer: The major drivers for this market are growing concerns regarding the safety and security of the public, expanding use of video analytics to lower crime rates by promptly alerting users to questionable or anomalous activity, and technological development in deep learning, artificial intelligence & edge computing.

Q4. What are the major segments for video analytics market?

Answer: The future of the global video analytics market looks promising with opportunities in the crowd management, facial recognition, intrusion detection, license plate recognition, and motion detection markets.

Q5. Who are the key video analytics market companies?

Answer: Some of the key video analytics companies are as follows:

• Axis Communications
• Agent Video Intelligence
• Honeywell International
• IBM Corporation
• Cisco Systems

Q6. Which video analytics market segment will be the largest in future?

Answer: Lucintel forecasts that software will remain the larger segment over the forecast period due to rising adoption of video analytics software by the end-use industries, as well as, software helps in detecting a wide range of events encompassing people, vehicles, and static objects and analyzing videos from multiple sources.

Q7. In video analytics market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness the highest growth over the forecast period due to large presence of key industry players, as well as, rapid technological development in the country supported by strong economic growth in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the video analytics market by type (software and services), deployment (cloud and on-premise), application (crowd management, facial recognition, intrusion detection, license plate recognition, motion detection, and others), end use industry (bfsi, government, critical infrastructure, education, retail, travel and transportation, healthcare, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
• Market Report

Table of Contents

1. Executive Summary

2. Global Video Analytics Market : Market Dynamics

• 2.1: Introduction, Background, and Classifications
• 2.2: Supply Chain
• 2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2018 to 2030

• 3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
• 3.2. Global Video Analytics Market Trends (2018-2023) and Forecast (2024-2030)
• 3.3: Global Video Analytics Market by Type
  • 3.3.1: Software
  • 3.3.2: Services
• 3.4: Global Video Analytics Market by Deployment
  • 3.4.1: Cloud
  • 3.4.2: On-premise
• 3.5: Global Video Analytics Market by Application
  • 3.5.1: Crowd Management
  • 3.5.2: Facial Recognition
  • 3.5.3: Intrusion Detection
  • 3.5.4: License Plate Recognition
  • 3.5.5: Motion Detection
  • 3.5.6: Others
• 3.6: Global Video Analytics Market by End Use Industry
  • 3.6.1: BFSI
  • 3.6.2: Government
  • 3.6.3: Critical Infrastructure
  • 3.6.4: Education
  • 3.6.5: Retail
  • 3.6.6: Travel and Transportation
  • 3.6.7: Healthcare
  • 3.6.8: Others

4. Market Trends and Forecast Analysis by Region from 2018 to 2030

• 4.1: Global Video Analytics Market by Region
• 4.2: North American Video Analytics Market
  • 4.2.1: North American Video Analytics Market by Type: Software and Services
  • 4.2.2: North American Video Analytics Market by Application: Crowd Management, Facial Recognition, Intrusion Detection, License Plate Recognition, Motion Detection, and Others
• 4.3: European Video Analytics Market
  • 4.3.1: European Video Analytics Market by Type: Software and Services
  • 4.3.2: European Video Analytics Market by Application: Crowd Management, Facial Recognition, Intrusion Detection, License Plate Recognition, Motion Detection, and Others
• 4.4: APAC Video Analytics Market
  • 4.4.1: APAC Video Analytics Market by Type: Software and Services
  • 4.4.2: APAC Video Analytics Market by Application: Crowd Management, Facial Recognition, Intrusion Detection, License Plate Recognition, Motion Detection, and Others
• 4.5: ROW Video Analytics Market
  • 4.5.1: ROW Video Analytics Market by Type: Software and Services
  • 4.5.2: ROW Video Analytics Market by Application: Crowd Management, Facial Recognition, Intrusion Detection, License Plate Recognition, Motion Detection, and Others

5. Competitor Analysis

• 5.1: Product Portfolio Analysis
• 5.2: Operational Integration
• 5.3: Porter's Five Forces Analysis

6. Growth Opportunities and Strategic Analysis

• 6.1: Growth Opportunity Analysis
  • 6.1.1: Growth Opportunities for the Global Video Analytics Market by Type
  • 6.1.2: Growth Opportunities for the Global Video Analytics Market by Deployment
  • 6.1.3: Growth Opportunities for the Global Video Analytics Market by Application
  • 6.1.4: Growth Opportunities for the Global Video Analytics Market by End Use Industry
  • 6.1.5: Growth Opportunities for the Global Video Analytics Market by Region
• 6.2: Emerging Trends in the Global Video Analytics Market
• 6.3: Strategic Analysis
  • 6.3.1: New Product Development
  • 6.3.2: Capacity Expansion of the Global Video Analytics Market
  • 6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Video Analytics Market
  • 6.3.4: Certification and Licensing

7. Company Profiles of Leading Players

• 7.1: Axis Communications
• 7.2: Agent Video Intelligence
• 7.3: Honeywell International
• 7.4: IBM Corporation
• 7.5: Cisco Systems