Authored By: Sarah
03 Dec 2023

Video Analytics Market to grow Upto USD 16.86 Bn : Enhanced decision-making capabilities of users and rising demand for improved security arrangements to boost market advancement 

Technavio Analyst Quoted ~“Improved security arrangements are notably driving the market advancement worldwide owing to factors like increase in the frequency and intensity of security breaches and security attacks ” .The Video Analytics Market is likely to experience steady growth because of the enhanced decision-making capabilities of users and rising demand for improved security arrangements.

An additional, USD 16.86 billion is predicted to be added to the market between 2023 and 2027, growing at a compound annual growth rate of 22.54%.

Shortage of skilled workers and High initial set-up cost and lack of awareness are expected to hinder the growth of the market. However, Growing preferences for internet protocol (IP) cameras over analog cameras and Rising construction of smart cities will have a positive impact on the video analytics market during the forecast period.

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Video Analytics Market Analysis


Leading market players that are contributing significantly to this market growth are Agent Video Intelligence Ltd., Alarm.com, AllGoVision Technologies Pvt. Ltd., BriefCam Ltd., Canon Inc., Cisco Systems Inc., Genetec Inc., Gorilla Technology Inc., Honeywell International Inc., Huawei Investment and Holding Co. Ltd., i2V Systems Pvt. Ltd., Infinova, International Business Machines Corp.,etc. Our report comes with a profiled analysis of the market players.

 
Technavio’s recent analysis of the Video Analytics Market includes a detailed examination of its revenue forecasts, including market drivers and challenges, key market participants, and growth opportunities followed by a detailed study of the market segments in North America, APAC, Europe, South America, and Middle East and Africa, geographically where the APAC region is expected to have a market share of 41%.  during the forecast period. Download our sample report to discover more aspects of the market growth with data-backed analysis.

Technavio’s analysis of the Video Analytics Market  also includes:

  • CAGR of the market during the forecast period 2023-2027
  • Detailed information on factors that will drive video analytics market growth during the next five years
  • Precise estimation of the video analytics market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the video analytics market industry across 
  • A thorough analysis of the market’s competitive landscape
  • Comprehensive details of factors that will challenge the growth of video analytics market.
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