What are the Historical Developments and Current Growth Metrics of the Intelligent Video Analytics Systems Market?
The intelligent video analytics systems market has seen considerable growth due to a variety of factors.
• The market size of intelligent video analytics systems has seen quick expansion in the past few years. The market is projected to increase from $4.07 billion in 2024 to $4.67 billion in 2025, with a compound annual growth rate (CAGR) of 14.6%.
The significant growth during the previous period can be ascribed to the larger capacities for data storage, the incorporation of edge computing, responses to international health crises, and the broadening scope of smart homes and the Internet of Things (IoT).
What Does Future Hold for The Intelligent Video Analytics Systems Market By 2029?
The intelligent video analytics systems market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of intelligent video analytics systems is predicted to experience a significant increase in the forthcoming years, with an anticipated value of $8.38 billion in 2029 and a compound annual growth rate (CAGR) of 15.7%.
The market expansion during this forecast period is due to an array of factors including heightened security risks, urban development and smart city projects, increased adoption of retail analytics, incorporation with IoT devices, and a higher demand for business intelligence. Key trends during this period will consist of analytics focused on human behavior, understandable AI in video analytics, the application of deep learning for intricate tasks, personalization and modular options, and instanteous anomaly detection.
What Are The Primary Growth Drivers In The Intelligent Video Analytics Systems Market?
The surge in the need for surveillance and security systems is anticipated to stimulate the expansion of the intelligent video analytics market. Surveillance and security systems comprise various technologies and tactics aimed at safeguarding individuals, property, and data. Through the use of advanced algorithms and artificial intelligence, intelligent video analytics are able to garner significant data from video footage to improve surveillance and security measures. For example, it was reported by IT Governance USA Inc., a company that specializes in IT governance, risk management, and compliances, that the quantity of known breached records each month rose from 2,306,294,320 in 2023 to 5,336,840,757 in 2024 by June. Thus, the escalating demand for surveillance and security solutions is fueling the advancement of the intelligent video analytics market.
What Is The Segmentation Of The Global Intelligent Video Analytics Systems Market?
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
Subsegments:
1) By Camera-Based Systems: IP Camera-Based Analytics, Analog Camera-Based Analytics, Embedded Video Analytics, Smart Cameras With Integrated Analytics
2) By Server-Based Systems: Centralized Video Analytics Servers, Cloud-Based Video Analytics Solutions, Edge Computing Video Analytics, Hybrid Video Analytics Systems
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What Trends Are Shaping The Intelligent Video Analytics Systems Market?
Leading firms in the intelligent video analytics market are introducing advanced technologies, specifically artificial intelligence-based video analytics, to maintain their market dominance. This kind of application makes use of machine learning and deep learning algorithms to scrutinize video data, generating valuable insights and conclusions. In a recent example from September 2022, Dallmeier Electronic GmbH & Co. KG, a German company noted for its work in creating video security technology solutions, launched Sedor AI, a maritime-focused artificial intelligence-controlled video analytics. The purpose behind designing Sedor AI is to detect vessels on open water surfaces under normal as well as difficult conditions, including the presence of waves and water reflections. Moreover, this software complies with legal stipulations like the ISPS (International Ship and Port Facility Security) Code, thereby assisting port operators and refineries to safeguard against unauthorized marine access and related dangerous situations such as piracy and terrorist threats.
Who Are the Key Players In The Intelligent Video Analytics Systems Market?
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
What Are The Regional Insights Into The Intelligent Video Analytics Systems Market?
North America was the largest region in the intelligence video analytics market in 2024. 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.
