Video Analytics Market Growth, Revenue, Analysis, Challenges and Future Opportunities Till 2034
Video Analytics Market Growth, Size, Trends Analysis - By Type, By Deployment, By Application, By Vertical - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Mar-2025 | Report ID: IACT2552 | Pages: 1 - 261 | Formats*: |
| Category : Information & Communications Technology | |||
Video Analytics Market Introduction and Overview
According to SPER Market Research, the Global Video Analytics Market is estimated to reach USD 78.28 billion by 2034 with a CAGR of 19.73%.
The report includes an in-depth analysis of the Global Video Analytics Market, including market size and trends, product mix, Applications, and supplier analysis.
The global video analytics market was valued at USD 12.93 billion in 2024 and is projected to grow at a CAGR of 19.73% from 2025 to 2034. This growth is driven by the demand for better surveillance systems, smart city projects, and the use of artificial intelligence in video analytics. Rising safety concerns have led organizations to use video analytics for monitoring real-time activities, detecting irregularities, and meeting safety guidelines. For example, retailers use it to understand customer behavior, optimize store layouts, and reduce theft.
By Type Insights: The software segment in the video analytics industry had the largest revenue share in 2024 because of the growing demand for advanced security solutions. Various sectors need sophisticated software for real-time video processing and analysis. For example, retail chains use video analytics software to track customer behavior and improve store layouts, which helps enhance customer experience and reduce theft losses. Additionally, integrating artificial intelligence (AI) into this software has increased adoption by improving data interpretation and anomaly detection.
By Deployment Insights: The cloud segment led the video analytics industry in 2024 with the largest revenue share due to its benefits over traditional systems. Cloud solutions offer scalability, allowing organizations to easily adjust their storage and processing as needed. For example, a growing retail chain can quickly add cameras and storage without heavy hardware costs or complex installations. Additionally, cloud systems are cost-efficient with subscription pricing, reducing upfront costs. Enhanced security measures protect sensitive data, making cloud options ideal for organizations focused on security and efficiency.
By Application Insights: The facial recognition segment led the video analytics industry in revenue in 2024 because it is widely used in many sectors for better security and efficiency. There is a growing need for advanced surveillance systems that can accurately identify people in real time, essential for access control and law enforcement. For example, airports use this technology to speed up passenger identification, enhancing security and reducing wait times. As the benefits of facial recognition become more recognized, its market share in video analytics is expanding quickly.
By Vertical Insights: The smart cities segment took a leading position in the video analytics industry in 2024, capturing the largest revenue share. This was driven by the integration of advanced technologies aimed at improving urban living and focusing on public safety and resource management. Real-time surveillance helps quickly identify criminal activities, enhancing community safety. The growth of IoT devices within smart cities also boosts video analytics by supplying large amounts of data for valuable insights.
Regional Insights: North America led the global video analytics market in 2024, having the largest revenue share due to the quick use of advanced surveillance technologies and a strong focus on public safety. Many top technology companies in the region support innovation and investment in video analytics. Cities like New York use video analytics for real-time urban monitoring to help law enforcement respond quickly. Rising security concerns have pushed governments and organizations to improve surveillance, with artificial intelligence and machine learning enhancing accuracy and efficiency in data processing.
Market Competitive Landscape
Some key players in the Video analytics market are Avigilon Corporation (Motorola Solutions, Inc.), Claro Enterprise Solutions, IBM Corporation, Irisity AB, and others. These companies use various strategies, including artificial intelligence and machine learning, to stay competitive. They aim to develop advanced solutions that offer real-time insights and improve security in sectors like retail, transportation, and public safety. Avigilon Corporation, part of Motorola Solutions, focuses on security solutions with advanced video analytics. They develop innovative products using artificial intelligence for features like facial recognition and motion detection, helping organizations monitor environments and respond to incidents quickly.
Recent Developments:
- In March 2023, Motorola Solutions launched the Avigilon Security Suite, integrating Alta Cloud and Unity on-premise solutions to boost security operations. It offers advanced video surveillance, seamless security footage management, and real-time monitoring, enhancing situational awareness and response times.
- Claro Enterprise Solutions, a cybersecurity and information technology solution provider, launched its Iveda-powered AI Video Analytics product in May 2023. This device seeks to give an innovative solution for improving surveillance in public places such as schools and campuses.
- April 2023: Megh Computing and Shabodi teamed to launch a Video Analytics Solutions (VAS) package specifically intended for private Advanced Networks like 5G, Wi-Fi, LTE, and 6G. These VAS take advantage of Shabodi's Application Enablement Platform and Megh's Open Analytics Platform.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Type, By Deployment, By Application, By Vertical. |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa. |
| Companies Covered | Avigilon Corporation (Motorola Solutions, Inc.), Canon Inc, Cisco Systems, Inc, Claro Enterprise Solutions, Honeywell International Inc, Huawei Technologies Co Ltd, IBM Corporation, Irisity AB, Qualcomm Technologies, Inc, Robert Bosch GmbH. |
Key Topics Covered in the Report
- Global Video Analytics Market Size (FY’2021-FY’2034)
- Overview of Global Video Analytics Market
- Segmentation of Global Video Analytics Market By Type (Software, Services)
- Segmentation of Global Video Analytics Market By Deployment (Cloud, On-premise)
- Segmentation of Global Video Analytics Market By Application (Crowd Management, Facial Recognition, Intrusion Detection, License Plate Recognition, Motion Detection, Others)
- Segmentation of Global Video Analytics Market By Vertical (BFSI, Smart Cities, Critical Infrastructure, Education, Government, Retail, Transportation, Others)
- Statistical Snap of Global Video Analytics Market
- Expansion Analysis of Global Video Analytics Market
- Problems and Obstacles in Global Video Analytics Market
- Competitive Landscape in the Global Video Analytics Market
- Details on Current Investment in Global Video Analytics Market
- Competitive Analysis of Global Video Analytics Market
- Prominent Players in the Global Video Analytics Market
- SWOT Analysis of Global Video Analytics Market
- Global Video Analytics Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPERs internal database2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Video Analytics Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Video Analytics Market
7. Global Video Analytics Market, By Type (USD Million) 2021-2034
7.1. Software7.2. Services
8. Global Video Analytics Market, By Deployment (USD Million) 2021-2034
8.1. Cloud8.2. On-Premise
9. Global Video Analytics Market, By Application (USD Million) 2021-2034
9.1. Crowd Management9.2. Facial Recognition9.3. Intrusion Detection9.4. License Plate Recognition9.5. Motion Detection9.6. Others
10. Global Video Analytics Market, By Vertical (USD Million) 2021-2034
10.1. BFSI10.2. Smart Cities10.3. Critical Infrastructure10.4. Education10.5. Government10.6. Retail10.7. Transportation10.8. Others
11. Global Video Analytics Market, (USD Million) 2021-2034
11.1. Global Video Analytics Market Size and Market Share
12. Global Video Analytics Market, By Region, (USD Million) 2021-2034
12.1. Asia-Pacific
12.1.1. Australia12.1.2. China12.1.3. India12.1.4. Japan12.1.5. South Korea12.1.6. Rest of Asia-Pacific
12.2. Europe
12.2.1. France12.2.2. Germany12.2.3. Italy12.2.4. Spain12.2.5. United Kingdom12.2.6. Rest of Europe
12.3. Middle East and Africa
12.3.1. Kingdom of Saudi Arabia12.3.2. United Arab Emirates12.3.3. Qatar12.3.4. South Africa12.3.5. Egypt12.3.6. Morocco12.3.7. Nigeria12.3.8. Rest of Middle-East and Africa
12.4. North America
12.4.1. Canada12.4.2. Mexico12.4.3. United States
12.5. Latin America
12.5.1. Argentina12.5.2. Brazil12.5.3. Rest of Latin America
13. Company Profile
13.1. Avigilon Corporation (Motorola Solutions, Inc)
13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments
13.2. Canon Inc
13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments
13.3. Cisco Systems, Inc
13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments
13.4. Claro Enterprise Solutions
13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments
13.5. Honeywell International Inc
13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments
13.6. Huawei Technologies Co Ltd
13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments
13.7. IBM Corporation
13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments
13.8. Irisity AB
13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments
13.9. Qualcomm Technologies, Inc
13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments
13.10. Robert Bosch GmbH
13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. Recent developments
13.11. Others
14. Conclusion
15. List of Abbreviations
16. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Video Analytics Market is projected to reach USD 78.28 billion by 2034, growing at a CAGR of 19.73% during the forecast period.
Video Analytics Market grew in Market size from 2025. The Market is expected to reach USD 78.28 billion by 2034, at a CAGR of 19.73% during the forecast period.
Video Analytics Market CAGR of 19.73% during the forecast period.
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Video Analytics Market size is USD 78.28 billion from 2025 to 2034.
Video Analytics Market is covered By Product, By Function, By Application, By End-User.
The North America is anticipated to have the highest Market share in the Video Analytics Market.
The key players in the Market include Companies Covered Avigilon Corporation (Motorola Solutions, Inc.), Canon Inc, Cisco Systems, Inc, Claro Enterprise Solutions, Honeywell International Inc, Huawei Technologies Co Ltd, IBM Corporation, Irisity AB, Qualcomm Technologies, Inc, Robert Bosch GmbH.
The global video analytics market was valued at USD 12.93 billion in 2024 and is projected to grow at a CAGR of 19.73% from 2025 to 2034. This growth is driven by the demand for better surveillance systems, smart city projects, and the use of artificial intelligence in video analytics.
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