Video Content Analytics Market Size, Trends, Analytical Data, Foresight Report to 2021

“Video Content Analytics Market”
Video Content Analytics Market Information, by Application (Government, Commercial, and Transport & Logistics), by Software (Detection, Recognition, License Plate Recognition), by Architecture (Server and Edge)-Forecast 2016-2021

Video Content Analytics Market – Overview

Video content analysis or Video content analytics (VCA) is the capability of automatically analyzing video to detect and determine temporal and spatial events. VCA, technical capability is used in a wide range of domains including entertainment, health-care, retail, automotive, transport, home automation, flame and smoke detection, safety and security. The algorithms can be implemented as software on general purpose machines, or as hardware in specialized video processing units. The high performance of VCA presence and VCA surveillance is due to the underlying high-quality tracker. It results in a much lower false alarm rate and higher detection rate than many other video Analytics systems.

 

According to a recent study report published by the Market Research Future, the market for video content analytics market is expected to grow above ~24-25% CAGR (2015-2021).

 

Video Content Analytics Global Market – Key Players

These companies are aggressively targeting for an increased participation through partnerships and collaborations in order to expand their operations and offerings to target potential clientele. Identified and profiled in MRFR analysis; some of the major players in global video content analytics market include

  • ADT security (U.S.)
  • Avigilon corporation (U.S,)
  • Cisco (U.S.)
  • HikVision Digital (China)
  • Mobotix (Germany)
  • Verint Systems (U.S.)
  • Allgo Vision (India)
  • Bosch security system (Germany)
  • VCA Technology (U.K.)

 

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The major growth driver of video content analytics market includes the reducing reliance on physical security, growing security concerns, and the demand of security products and adoption of network based video surveillance. Additionally, the cost-performance of new edge-based video analytics DSP technologies and video analytics for business intelligence and retail sector are supporting the growth of video content analytics market. However, factors such as high system cost, privacy issues, and lack of awareness may challenge the growth of video content analytics market, states the MRFR Research Analyst while commenting upon this deep diving study report, presented through more than 100 market data tables and figures, widely spread over 100 pages.

 

Video Content Analytics Global Market – Segments

Video Content Analytics Market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Application: Government, Commercial, and Transport & Logistics

Segmentation by Software: Detection, Recognition, and License Plate Recognition among others.

Segmentation by Architecture: Server and Edge.

 

The servers based VCA will occupy major share in the forecast period but edged based VCA are expected to grow at high CAGR from 2016 to 2021 whereas, Edge based VCA includes the revenue generation through sales of VCA software and embedded VCA IP cameras.

 

Video Content Analytics Global Market – Synopsis & Scenario 

The VCA technology finds application in a number of fields including Commercial, Residential, industrial, infrastructure and institutional.  The VCA technology is very advantageous especially, when incorporated with various software(s) such as recognition software or detection software by adding value to safety, operations and security. This factor has driven the market to a great extent to utilize the software for purposes such as motion detection, intrusion detection, facial recognition, and traffic management among others. Owing to its wide range of application in both governmental as well as nongovernmental application, detection software holds the largest market share; among the different software being used in the market

 

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Video Content Analytics Global Market – Regional Analysis

North-America is dominating the global video content analytics market with the largest market share, and thereby accounting high market above ~37%. Further, North America is expected to dominate the global market throughout the forecast period with annual revenue reaching over ~$1- 2billion by 2022 at an estimated CAGR of ~22-24% through the forecast period.

 

APAC with the multiple infrastructure projects and a large population requiring surveillance will be driving the region to grow at the fastest.  The Asia-Pacific region is expected to grow at high CAGR during the forecast period 2016-2021 and expected to reach above ~USD 1 billion by 2021. The European market for video content analytics market is expected to grow at above ~20% CAGR (2016-2021).

 

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