Dublin, Sept. 11, 2024 (GLOBE NEWSWIRE) -- The "Intelligent Video Analytics - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Intelligent Video Analytics was estimated at US$3.2 Billion in 2023 and is projected to reach US$19.1 Billion by 2030, growing at a CAGR of 29.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers and forecasts. 
Technological advancements are significantly shaping the intelligent video analytics market, particularly through innovations in AI, machine learning, and edge computing. The development of more sophisticated AI algorithms is enhancing the accuracy and capabilities of video analytics systems, enabling them to perform complex tasks such as emotion recognition, anomaly detection, and predictive analytics. The integration of edge computing is also transforming the market by allowing video processing to occur closer to the data source, reducing latency and bandwidth requirements while enabling real-time analysis.
Additionally, advancements in deep learning and neural networks are improving the system's ability to learn from new data, making IVA systems more adaptable to different environments and scenarios. These technological innovations are expanding the applications of intelligent video analytics and driving its adoption across industries that require advanced surveillance, monitoring, and data-driven decision-making capabilities.
Why Is There an Increasing Demand for Intelligent Video Analytics in Various Sectors?
The demand for intelligent video analytics is increasing across various sectors due to the growing need for enhanced security, operational efficiency, and data-driven insights. In the security and law enforcement sector, IVA systems are being widely adopted to enhance threat detection, streamline investigations, and improve public safety. Retailers are increasingly using video analytics to understand customer behavior, optimize store layouts, and enhance loss prevention strategies. The transportation industry is leveraging IVA for traffic management, accident detection, and ensuring safety across public transit systems.
Additionally, the rise of smart cities is driving the demand for IVA to monitor public spaces, manage crowds, and optimize urban infrastructure. As businesses and governments continue to seek more efficient ways to manage security, operations, and data, the adoption of intelligent video analytics is expected to grow rapidly.
What Factors Are Driving the Growth in the Intelligent Video Analytics Market?
The growth in the intelligent video analytics market is driven by several factors closely related to technological advancements, industry demands, and the increasing importance of real-time data analysis. One of the primary drivers is the increasing availability and affordability of high-resolution video surveillance systems, which generate vast amounts of data that require intelligent processing. The integration of AI and machine learning is also a significant growth factor, as these technologies enable more sophisticated and accurate analysis of video data.
The growing concerns around public safety and security, particularly in the context of rising crime rates and terrorism, are accelerating the adoption of IVA systems in public and private sectors. Additionally, the expansion of smart city initiatives and the increasing use of video analytics in retail and transportation are further propelling the market. As organizations continue to prioritize security, efficiency, and data-driven insights, the demand for intelligent video analytics is expected to experience sustained growth.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the BFSI End-Use segment, which is expected to reach US$4.9 Billion by 2030 with a CAGR of a 30.1%. The Other End-Uses segment is also set to grow at 27.4% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, which was estimated at $857.2 Million in 2023, and China, forecasted to grow at an impressive 27.5% CAGR to reach $2.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Key Questions Answered:
- How is the Global Intelligent Video Analytics Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Agent Video Intelligence (Agent Vi), Aventura Technologies, Inc., Bosch Security Systems, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 193 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $3.2 Billion |
| Forecasted Market Value (USD) by 2030 | $19.1 Billion |
| Compound Annual Growth Rate | 29.2% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- World Market Trajectories
- Intelligent Video Analytics - Global Key Competitors Percentage Market Share in 2024 (E)
- Global Economic Update
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
FOCUS ON SELECT PLAYERS
- Agent Video Intelligence (Agent Vi)
- Aventura Technologies, Inc.
- Bosch Security Systems, Inc.
- Global Networks Inc.
- Honeywell Security Group
- i2v System Pvt., Ltd.
- IBM Corporation
- IntelliVision
- NICE Systems Ltd.
- ObjectVideo Labs
- Pro-Vigil Inc.
- Securiton
MARKET TRENDS & DRIVERS
- Growing Need for Enhanced Security Spurs Adoption of Intelligent Video Analytics
- Advancements in AI and Deep Learning Propel Innovation in Video Analytics
- Integration of Video Analytics with IoT Expands Addressable Market Opportunity
- Increasing Use of Video Analytics in Smart Cities Strengthens the Business Case for Adoption
- Regulatory Compliance and Data Privacy Concerns Accelerate Demand for Secure Video Analytics Solutions
- Rise of Edge Computing Drives Growth in Real-Time Video Analytics Capabilities
- Expanding Applications in Retail for Customer Behavior Analysis Spurs Market Growth
- Increased Focus on Reducing False Alarms in Security Systems Propels Demand for Advanced Analytics
For more information about this report visit https://www.researchandmarkets.com/r/i49vp
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
