Video analytics systems, which extract information from video content that is meaningful as perceived by the human eye, are gaining greater traction in a diverse set of application markets including retail, transportation, consumer, cities, critical infrastructure, and enterprise, among others. These systems may use intelligent cameras with onboard vision processing or specialized server-based software platforms, which are increasingly being aided by deep learning algorithms to help organizations interpret and analyze meaning within an ever-increasing flood of video content. While many of the early use cases for video analytics relate to security and surveillance, the applications for the technology are rapidly diversifying to include a broader range of business intelligence and situational awareness use cases.
The video analytics sector, which combines data science with video and computer vision, is already a crowded field with dozens of active vendors in the space including startups as well as blue chip companies. This level of activity and competition is driving a significant amount of innovation in technologies and business models, however the market fragmentation means that many video analytics solutions remain proprietary and vendor switching costs can be high, which serves as a disincentive to investment. With that said, key drivers for the market include rapidly declining prices for smart cameras, the development of more sophisticated computer vision and deep learning algorithms, and the emergence of new use cases for video analytics to optimize marketing and resources. Tractica forecasts that video analytics hardware, software, and services revenue will increase from $858 million in 2015 to nearly $3 billion in 2022.
This Tractica report examines the market trends and technology issues surrounding video analytics technologies and presents forecasts for hardware, software, and services during the period from 2015 through 2022. The report presents in-depth analysis of market drivers, market barriers, application markets, and technology issues, in addition to detailed profiles of 20 key industry players. Key application markets covered include retail, transportation, consumer, city, critical infrastructure, and enterprise. Market forecasts, segmented by world region, include hardware unit shipments as well as hardware, software, and services revenue.
Key Questions Addressed:
- What are the key factors driving the adoption of video analytics in various application markets?
- How will the mix of video analytics applications and use cases evolve over the next several years?
- What are some of the key policy and regulatory factors that will influence the development of this market?
- How is computer vision being utilized in video analytics?
- How is deep learning being leveraged to improve video analytics results?
- Who are some of the key players in various aspects of the video analytics market, and what are their relative strengths and weaknesses?
- What is the scale of the video analytics business opportunity by segment and geography?
Who Needs This Report?
- Smart camera device manufacturers
- Video analytics software companies
- Service providers and systems integrators
- Consumer electronics manufacturers
- Semiconductor and component companies
- Organizations deploying video analytics technology
- Government agencies
- Investor community