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    Video Content Analytics Market

    ID: MRFR/ICT/0441-CR
    100 Pages
    Ankit Gupta
    February 2020

    Video Content Analytics Market Research Report Information by Component Type (Software, Solution, and Service), Deployment (On-Premise and On-Cloud), Vertical (BFSI, Retail, Healthcare, Transportation and Logistics, Government, Manufacturing, Hospitality and Entertainment, and others), and By Region (Asia-Pacific, North America, Europe, and Rest of the World) - Forecast till 2030

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    Video Content Analytics Market Research Report - Global Forecast till 2030 Infographic
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    Video Content Analytics Market Summary

    As per Market Research Future Analysis, the Video Content Analytics Market was valued at USD 5.2 Billion in 2022 and is projected to grow from USD 6.6 Billion in 2023 to USD 27.8 Billion by 2030, with a CAGR of 22.91% during the forecast period. The growth is driven by increasing demand for video surveillance, advancements in AI and machine learning, and the need for enhanced customer experiences. The market is segmented by component type, deployment, and verticals, with software and cloud solutions leading the growth. North America holds the largest market share, followed by Asia-Pacific, which is expected to grow rapidly due to government initiatives and retail sector expansion.

    Key Market Trends & Highlights

    Key trends driving the Video Content Analytics market include advancements in technology and increasing adoption across various sectors.

    • Market Size in 2022: USD 5.2 Billion; projected to reach USD 27.8 Billion by 2030.
    • CAGR from 2023 to 2030: 22.91%; driven by AI, IoT, and video surveillance.
    • Software segment growth at a CAGR of 21.65%; largest market share in 2022.
    • Cloud deployment segment growth at a CAGR of 24.6%; accounted for 60.3% market share in 2022.

    Market Size & Forecast

    2022 Market Size USD 5.2 Billion
    2023 Market Size USD 6.6 Billion
    2030 Market Size USD 27.8 Billion
    CAGR (2023-2030) 22.91%

    Major Players

    Major players include Axis Communications, Avigilon Corporation, Cisco Systems Inc., IBM Corporation, Honeywell International Inc., and Genetec Inc.

    Video Content Analytics Market Trends

    Increasing Video Surveillance Proliferate Demand Of Video Content Analytics

    Video content analytics driven by video surveillance refers to the use of advanced software algorithms and machine learning techniques to analyze the content of video footage captured by surveillance cameras. This technology allows for the automated detection and tracking of objects, people, and events in real-time, enabling organizations to monitor and respond to potential security threats more effectively.

    Some of the key applications of video content analytics driven by video surveillance include

    Object detection and tracking: Video content analytics can be used to automatically detect and track objects such as vehicles, people, and animals in real-time, enabling organizations to monitor activity and respond to potential security threats.

    Facial recognition: Video content analytics can be used to identify and track individuals by analyzing their facial features, allowing for the creation of watchlists and the detection of potential security threats.

    Crowd monitoring: Video content analytics can be used to monitor crowd behavior and detect potential safety concerns such as overcrowding, violence, or emergency situations.

    License plate recognition: Video content analytics can be used to read and recognize license plates, allowing for the automated monitoring of vehicle traffic and the detection of potential security threats.

    Behavior analysis: Video content analytics can be used to analyze individual and group behavior, detecting potential suspicious activities, and alerting security personnel to respond.

    Overall, video content analytics driven by video surveillance has the potential to enhance security and safety in a variety of settings, including transportation hubs, retail stores, industrial facilities, and public spaces.

    Video Content Analytics Market Segment Insight

    The increasing demand for enhanced video surveillance and analytics solutions is reshaping the landscape of the video content analytics market, as organizations seek to leverage data-driven insights for improved security and operational efficiency.

    U.S. Department of Commerce

    Video Content Analytics Market Drivers

    Market Growth Projections

    The Global Video Content Analytics Market Industry is poised for substantial growth, with projections indicating a market value of 78.0 USD Billion by 2035. This anticipated growth reflects the increasing reliance on video content across various sectors and the corresponding demand for analytics solutions. The market is expected to experience a compound annual growth rate of 22.94% from 2025 to 2035, driven by technological advancements, rising demand for video content, and the emergence of new market segments. As organizations continue to invest in video analytics to enhance their content strategies and viewer engagement, the industry is likely to witness significant transformation and expansion.

    Rising Demand for Video Content

    The Global Video Content Analytics Market Industry experiences a surge in demand for video content across various sectors, including entertainment, education, and marketing. As organizations increasingly leverage video for communication and engagement, the need for analytics to measure performance and audience interaction becomes paramount. In 2024, the market is valued at 8.04 USD Billion, reflecting the growing recognition of video as a critical medium. Companies are investing in analytics tools to gain insights into viewer behavior, optimize content strategies, and enhance user experience. This trend is expected to drive substantial growth in the industry, as businesses seek to capitalize on the effectiveness of video content.

    Emergence of New Market Segments

    The emergence of new market segments is reshaping the Global Video Content Analytics Market Industry. As various industries recognize the potential of video analytics, sectors such as healthcare, retail, and sports are increasingly adopting these solutions. For instance, healthcare organizations utilize video analytics for patient engagement and telemedicine, while retailers leverage it for customer behavior analysis. This diversification of applications is expected to fuel market growth, as businesses across different sectors seek to harness the power of video analytics. The anticipated compound annual growth rate of 22.94% from 2025 to 2035 underscores the potential for expansion in these new segments.

    Growing Adoption of Cloud-Based Solutions

    The shift towards cloud-based solutions is transforming the Global Video Content Analytics Market Industry. Organizations are increasingly adopting cloud platforms for video storage and analytics due to their scalability, flexibility, and cost-effectiveness. Cloud-based analytics solutions facilitate real-time data access and collaboration among teams, enabling organizations to respond swiftly to viewer trends and preferences. This transition is expected to drive market growth, as companies seek to leverage the benefits of cloud technology. By 2035, the market is projected to reach 78.0 USD Billion, indicating a robust demand for cloud-based video analytics solutions that can accommodate the increasing volume of video content.

    Technological Advancements in Analytics Tools

    Technological advancements play a crucial role in shaping the Global Video Content Analytics Market Industry. Innovations in artificial intelligence and machine learning enhance the capabilities of analytics tools, enabling more sophisticated data processing and insights generation. These technologies allow for real-time analysis of viewer engagement, sentiment analysis, and predictive analytics, which can significantly improve content strategy. As organizations adopt these advanced tools, they can better understand audience preferences and tailor their video content accordingly. This trend is likely to contribute to the market's expansion, as businesses increasingly rely on data-driven decisions to optimize their video strategies.

    Regulatory Compliance and Data Privacy Concerns

    Regulatory compliance and data privacy concerns are significant drivers in the Global Video Content Analytics Market Industry. As governments implement stricter regulations regarding data protection and privacy, organizations must ensure that their video analytics practices comply with these laws. This necessity drives the demand for analytics solutions that incorporate robust security measures and data governance frameworks. Companies are increasingly seeking analytics tools that not only provide insights but also adhere to regulatory standards. This trend highlights the importance of responsible data usage in video analytics, potentially influencing purchasing decisions and shaping the market landscape.

    Market Segment Insights

    Video Content Analytics by Component Type Insights

    Based on component type, the Video Content Analytics market segmentation includes software, solutions, and services. The software segment accounted for the largest share of this market and is also anticipated to grow at a CAGR of 21.65% through the forecast period. This was attributed to the growing necessity to keep an eye on buildings or other facilities for potential physical threats or shady activity. In addition, the demand for video analytics software is fueled by aspects like accurate picture analysis, real-time processing, multiple visual inputs, and improved accuracy.

    Also, the end-use industries' increasing adoption of video analytics software is a major factor in this segment's substantial market share.

    Organizations can use video analytics software to collect, process, and use insightfully studied data to make business choices. Further manual intervention and ongoing human supervision have been rendered unnecessary. Real-time notifications for emergencies are also provided by video analytics software.

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    On the other side, the services segment is also anticipated to grow with a CAGR of 24.81% over the forecast period. The market for video analytics is predicted to have the second-largest proportion in the service sector. This market includes managed services such as architecture guidance, system administration, and operations, reporting, performance testing and tuning, system monitoring, alerting, and others, along with professional services such as advisory services, implementation services, featured services, optimization services, training and support, technical services, and others.

    Video Content Analytics by Deployment Insights

    Based on deployment type, the Video Content Analytics market segmentation includes On-Premises and On-Cloud. The cloud segment accounted for the largest share of this market of 60.3% in 2022 and is estimated to propel market growth at a CAGR of 24.6% over the forecast period. This segment's rapid market expansion may be attributed to its systems' flexibility, quick and simple access to real-time data on a worldwide scale, scalability to meet user demand, and technological advancement with the newest firewall. Throughout the projected period, the cloud segment is anticipated to increase at the fastest rate.

    In the next few years, it's anticipated that cloud deployment will surpass on-premises deployment because it provides remote access to the application and service provider capabilities. Cloud-based video analytics solutions may function as a complementary technology paradigm by offering flexible network access to a common pool of reconfigurable computing resources at a low cost to the management.

    Moreover, the on-premises category is also expected to grow considerably through the forecast period. Additionally, this tendency is anticipated to continue during the projected period for this category. This is attributable to the on-premise deployment model's popularity in sectors like banking, financial services & insurance (BFSI), education, and healthcare, which are susceptible to cyber-attacks or data breaches because of the sensitive information they handle.

    Due to the internet cloud, just IP cameras are required to run, view, and record the videos. On their Laptop or mobile device, users can access any recorded footage from the past as well as the live view of cameras from anywhere. Their only requirement is an internet connection.  

    Video Content Analytics Vertical Insights

    Based on vertical type, the Video Content Analytics market is segmented into BFSI, retail, healthcare, transportation and logistics, government, manufacturing, hospitality and entertainment, and others. The BFSI segment with a share of 35.6% in 2022 accounted for the largest share of this market and is also anticipated to grow at a CAGR of 23.8% through the forecast period. The BFSI industry has implemented video analytics for face & mask detection, bank security & surveillance, building surveillance, and tracking of customer behavior. But during the anticipated time, the healthcare sector is anticipated to grow the fastest.

    The main factors influencing the rapid expansion of this market are the expanding demands for hospital monitoring, preserving social distance, and maintaining hospital premises safety.

    On the other side, the government segment is expected to grow at a CAGR of 21.5% through the forecast period. Every nation is extremely concerned with the government vertical, which encompasses border security and city surveillance. Controlling traffic on highways or motorways, tracking data from distant locations, managing crowd movement, detecting motion to identify over-speeding vehicles, facial recognition by law enforcement officials, and detecting camera tampering are all uses of video analytics in city surveillance. In terms of border security, it aids governments in protecting their frontiers from smuggling, terrorist attacks, and unlawful immigration.

    Furthermore, facial recognition is becoming more popular in the video analytics industry due to the rising demand for security and non-security applications. By comparing facial characteristics from a video feed that has been saved in the database, facial recognition makes it possible to authenticate and identify people using their biometrics.

    Get more detailed insights about Video Content Analytics Market Research Report - Global Forecast till 2030

    Regional Insights

    By region, this market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. The North American region dominates this market with a significant share of 40.9% in 2023 and is also estimated to witness some more growth with a CAGR of 21.76% during the forecast period. The largest market share is anticipated to belong to North America during the forecast era.

    The demand for Video Content Analytics solutions in the United States and Canada is anticipated to rise because of the introduction of new technologies and the existence of significant players like IBM Corporation, Honeywell International Inc., Cisco Systems, Motorola Solutions, and others. End consumers in the United States and Canada are actively pursuing the adoption of video analytics combined with cutting-edge technologies.

    On the other side, the Asia-Pacific is also projected to become the second-largest region across the globe at a CAGR of 26.77% from 2023 to 2030. Government-funded smart city initiatives and sophisticated monitoring initiatives for national security are just a few things that are expected to increase the use of video analytics in the area. In addition to the significant developments anticipated in the ICT sector over the coming years, the retail industry is driving market growth in nations like China and India.  

    Figure 3: VIDEO CONTENT ANALYTICS MARKET SHARE BY REGION 2022 (%)

    VIDEO CONTENT ANALYTICS MARKET SHARE BY REGION

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    The demand for video analytics is increasing across a variety of industries, including banking, financial services, retail, airports, manufacturing, and others, due to the automation of video tracking and management. Also, the market is anticipated to rise during the forecast period due to the demand for IP-based security cameras and an increase in concerns about the safety and security of people and their possessions. However, it is projected that the market's growth will be constrained by the rise in the frequency of false alerts during inclement weather or poor lighting conditions, as well as the high cost of initial installation.

    Key Players and Competitive Insights

    Major players in the video content analytics market, including, Axis Communications, Avigilon Corporation, Cisco Systems Inc., IBM Corporation, Honeywell International Inc., Agent Video Intelligence Ltd., Genetec Inc., and others, are focusing on developing their business strategies.

    The market's growth is predicted to be accelerated by the rising adoption of cloud computing and Video Content Analytics, as well as various strategic alliances and investments among regional businesses. Due primarily to the participation of numerous technology suppliers, the United States controls the majority of the market in the region and generates a sizeable portion of overall income.  

    Key Companies in the Video Content Analytics Market market include

    Industry Developments

    • Q2 2024: Axis Communications launches new AI-powered video analytics platform Axis Communications announced the launch of its next-generation AI-powered video analytics platform, designed to enhance real-time surveillance and operational efficiency for enterprise and public sector clients.
    • Q2 2024: Video intelligence startup DeepVision raises $35M Series B to expand analytics capabilities DeepVision, a video content analytics startup, secured $35 million in Series B funding to accelerate product development and expand its global sales team.
    • Q2 2024: Genetec partners with NVIDIA to integrate advanced video analytics into Security Center Genetec announced a strategic partnership with NVIDIA to integrate cutting-edge AI video analytics into its Security Center platform, aiming to deliver faster and more accurate threat detection for customers.
    • Q3 2024: Avigilon secures $50M contract for city-wide video analytics deployment in Singapore Avigilon, a Motorola Solutions company, won a $50 million contract to deploy its video analytics technology across Singapore’s public surveillance network, supporting smart city initiatives.
    • Q3 2024: BriefCam acquired by Canon for undisclosed sum to boost video analytics portfolio Canon announced the acquisition of BriefCam, a leading video content analytics provider, to strengthen its position in the intelligent surveillance and analytics market.
    • Q3 2024: Honeywell launches cloud-based video analytics suite for retail and transportation sectors Honeywell introduced a new cloud-based video analytics suite tailored for retail and transportation, offering real-time customer behavior analysis and operational insights.
    • Q4 2024: Verkada appoints new CTO to lead AI video analytics innovation Verkada named Dr. Priya Natarajan as Chief Technology Officer, tasking her with driving the company’s next phase of AI-powered video analytics product development.
    • Q4 2024: IBM unveils Watson Video Analytics for healthcare compliance monitoring IBM launched Watson Video Analytics, a new solution designed to help healthcare providers monitor compliance and safety protocols using advanced video content analysis.
    • Q1 2025: Video analytics firm AnyVision rebrands as Oosto, launches privacy-first analytics platform AnyVision announced its rebranding to Oosto and the launch of a privacy-first video analytics platform, emphasizing GDPR compliance and ethical AI.
    • Q1 2025: Bosch Security Systems opens new R&D center for video analytics in Munich Bosch Security Systems inaugurated a new research and development center in Munich focused on advancing AI-driven video analytics technologies.
    • Q2 2025: Eagle Eye Networks secures $40M funding to expand global video analytics operations Eagle Eye Networks raised $40 million in new funding to scale its cloud-based video analytics solutions and accelerate international market expansion.
    • Q2 2025: Avigilon launches generative AI-powered video analytics for law enforcement Avigilon, a Motorola Solutions company, released a generative AI-powered video analytics product aimed at improving real-time incident detection and response for law enforcement agencies.

    Future Outlook

    Video Content Analytics Market Future Outlook

    The Video Content Analytics Market is projected to grow at a 22.94% CAGR from 2024 to 2035, driven by increasing demand for data-driven insights and enhanced viewer engagement.

    New opportunities lie in:

    • Develop AI-driven analytics tools for real-time content optimization.
    • Create customized solutions for niche markets like eSports and streaming services.
    • Leverage cloud technology to enhance scalability and accessibility of analytics platforms.

    By 2035, the Video Content Analytics Market is expected to achieve substantial growth, reflecting its critical role in content strategy.

    Market Segmentation

    Video Content Analytics Regional Outlook

    • US
    • Canada

    Video Content Analytics Component Outlook

    • Software
    • Solution
    • Services

    Video Content Analytics Verticals Outlook

    • BFSI
    • Retail
    • Healthcare
    • Transportation
    • Logistics
    • Government
    • Manufacturing
    • Hospitality
    • Entertainment
    • Others

    Video Content Analytics Deployment Outlook

    • On-Premises
    • On-Cloud

    Report Scope

    Attribute/Metric Details
    Market Size 2022 USD 5.2 Billion
    Market Size 2023 USD 6.6 Billion
    Market Size 2030 USD 27.8 Billion
    Compound Annual Growth Rate (CAGR) 22.91% (2023-2030)
    Base Year 2022
    Forecast Period 2023-2030
    Historical Data 2019 to 2022
    Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Segments Covered Vertical Type, Deployment Type, Solution Type, and Region
    Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
    Countries Covered The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled Axis Communications, Avigilon Corporation, Cisco Systems Inc., IBM Corporation, Honeywell International Inc., Agent Video Intelligence Ltd, Genetec Inc.
    Key Market Opportunities Increasing focus on better training in developing regions
    Key Market Dynamics Increasing demand for video surveillance Advancements in AI and machine learning The growth of IoT The need for better customer experiences Cost savings and operational efficiency 

    FAQs

    How much is the Video Content Analytics market?

    The market for Video Content Analytics was USD 5.2 Billion in 2022.

    What is the market size for 2030 for the Video Content Analytics market?

    The analytics market is expected to be USD 27.8 Billion in 2030.

    What is the growth rate of the Video Content Analytics market?

    The growth rate for the Video Content Analytics market is 22.91% through the forecast period.

    Which region held the largest market share in the Video Content Analytics market?

    North America region held the largest market share in 2022.

    Who are the prominent players in the Video Content Analytics market?

    The major players are dominating the market are Axis Communications, Avigilon Corporation, Cisco Systems Inc., IBM Corporation, Honeywell International Inc., Agent Video Intelligence Ltd, Genetec Inc. and others.

    What are the future trends for video content analytics?

    The future of VCA is bright. As the technology continues to develop, it will become more affordable and accessible to businesses of all sizes. This will lead to increased adoption of VCA across a wider range of industries. Additionally, the development of new artificial intelligence (AI) technologies will further improve the accuracy and reliability of VCA. This will make VCA even more valuable to businesses and organizations.

    Video Content Analytics Market Research Report - Global Forecast till 2030 Infographic
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