Intelligent Video Analytics (IVA) Market Size, Share, Growth, And Industry Analysis By Type (Camera-based Systems, Server-based Systems) By Application (BFSI Sector, Government and Public Sector, Industrial Sector, Retail Sector, Transport and Logistics Sector, Others) Regional Forecast By 2031

Updated On: 08 April 2024

Intelligent Video Analytics (IVA) Market Report Overview

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The global intelligent video analytics (IVA) market size was USD 2450.46 million in 2021, as per our research, the market is expected to reach USD 11,491.84 million in 2031, exhibiting a CAGR of 18.72% during the forecast period. 

The global COVID-19 pandemic has been unprecedented and staggering, with intelligent video analytics (IVA) market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over. 

Intelligent Video Analytics is a stage that utilizes a calculation to handle computerized video signals to perform security-related capabilities. This stage's reception is advancing rapidly because of its capacity to recognize continuous way of behaving and activities and give end-clients bits of knowledge and alarms. Rising security and wellbeing concerns are supposed to drive market extension.

The interest for IVA is supposed to build up momentum inferable from rising shrewd urban areas drives across the nations and expanding venture to execute investigation incorporated video observation frameworks across the public authority, policing, and monetary establishments, transportation, and others. Investigation incorporated video observation framework get some forward movement as it offers expanded unwavering quality, cost-viability, and further developed precision. Further, the expanded multiplication of the investigation stage to lessen crime percentages through opportune alarms about uncommon or dubious action is supposed to drive the market during the gauge time frame.

COVID-19 Impact: Mask Recognition and Group Observing During COVID-19 to Drive Market

The Coronavirus pandemic has confined the reception of intelligent video analytics programming and administrations for a brief time frame inferable from social separating measures, store network disturbances, and restricted development of labor and products. Notwithstanding, Coronavirus sped up the reception of examination coordinated reconnaissance frameworks, CCTV cameras, and video web-based features also, the combination of advancements, for example, computerized reasoning and profound advancing across observation frameworks, sped up the reception of examination consolidated observation frameworks, as most would consider to be normal to drive the market before long. Moreover, retail, medical care, building and development, travel and transportation, government, and different businesses sped up the execution of observation cameras for re-opening workplaces/offices, keeping up with public wellbeing watching swarm thickness, distinguishing an individual with/without covers that are projected to move the market development during the figure time frame.

Latest Trends

"Expanded Reception of High-Goal Cameras to Drive the Market"

The expanded accessibility of high-goal cameras, Le., 4K or 8K is, empowers associations to get exact and more complex investigations of recordings. The high-goal recordings help to recognize and break down objects/individuals in the group, trigger alerts when certain circumstances are met, channel and search recordings, and draw bits of knowledge from video metadata all the more precisely. Aside from high goal, improved vision point, manageability, and mechanical similarity, which expands the reception of top quality (HD) cameras across the security business. Additionally, expanded pixels' elements are likewise offering better advanced zoom capacities than improve significant distance vision. This component permits examining the way of behaving of individuals, groups, and vehicles definitively. The presentation of top-quality cameras by market players with cutting edge capacities is probably going to drive the market before long.

Intelligent Video Analytics (IVA) Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Camera-based Systems, Server-based Systems. Camera-based Systems being the leading segment of the market by type analysis.

• By Application Analysis

Based on application, the market can be divided into BFSI Sector, Government and Public Sector, Industrial Sector, Retail Sector, Transport and Logistics Sector, Others. BFSI Sector being the leading segment of the market by application analysis.

Driving Factors

"Rising Interest for Real Time Recognition to Drive Market Development"

The examination consolidated video programming can help with investigating live or recorded video transfers to identify, group, and track ways of behaving and predefined objects, turning into a key market driving component. Constant IVA with elite execution abilities can assist with changing standard reconnaissance networks across astute recognition and ready frameworks for vehicles, static items or individuals. Every private/public/government association conveys network joins with changing data transmissions between cloud, IP cameras to register enormous scope recordings for improved examination. Real Time location has added in lessening wrongdoings, burglaries, and other crimes while additionally advancing generally speaking social circumstances and the worldwide exchange environment, in this way reinforcing intelligent video analytics market development.

"Joining of Al and Deep Learning Across the Intelligent Video Analytics Programming to Grow Market Size"

The video investigation programming computerizes video observation processes, giving end-clients financially savvy benefits. The rising execution of examination programming among public and confidential firms is principally answerable for the market development. Moreover, the developing interest for noteworthy experiences from video information is supposed to fuel the market development. The progression in video the executives programming and video reconnaissance frameworks with man-made reasoning, profound learning, examination, and AI is supposed to drive the market. Further, constant handling, improved exactness, superior quality recordings, and exact picture investigation request trend setting innovation empowered programming among endeavors. Because of the rising entrance of video reconnaissance advances among little and medium-sized organizations, the administrations like establishment, preparing, and specialized help are supposed to altogether develop. Market players commonly offer exhaustive bundles that incorporate programming and administrations and are centered around satisfying end-client needs by giving security frameworks, for example, video observation, access control, interruption location, movement identification, and others.

Restraining Factors

"Absence of Fundamental Data set Foundation and Rising Cybercrimes Hinder Market"

To give progressed robotized ID and global positioning frameworks, enormous scope video investigation arrangements are coordinated with huge information bases, foundations, and observation frameworks. Lacking data set foundation brings about awkward information logs, which present mistakes in video handling and following cycles. During monetary breakdown in the I.T. area in both created and arising economies, broad data set foundation is exhausted as arising ventures look for efficiencies and raise functional costs and security principles. Delivering ports face reputational gambles inferable from carrying, resource robbery, freight harm, and psychological oppressor assaults, all of which industrially affect the worldwide store network helped out through marine transportation. Further, the exactness of investigation produced from Picture and video information gets restricted attributable to the absence of a very much planned data set foundation for video examination. Such factors are supposed to restrict worldwide market development during the gauge time frame. The developing cyberattacks and information breaks on video reconnaissance cameras, Parcel gadgets, mobiles limit the market development. Recordings put away at public distributed storage can be misused by cloud suppliers, which might release the first video content. The rising information breaks across the cloud are probably going to block the market development.

Intelligent Video Analytics (IVA) Market Regional Insights

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"New Advancements and Participants to Contribute to the Market Growth in North America"

North America is supposed to hold the biggest portion of the market during the conjecture time frame. The presentation of new advancements, as well as the presence of vital participants like IBM Enterprise, Honeywell Global Inc., Cisco Frameworks, Motorola Arrangements (Avigilon) and others, are supposed to increment interest for video content examination arrangements in the U.S. furthermore, Canada. End-clients across the U.S. furthermore, Canada is taking dynamic drives to embrace video investigation incorporated with arising advancements. Players in the market are participated in association and joint effort to reinforce their business and increment the client base.

Asia Pacific is anticipated to increment at a dramatic development rate during the estimate time frame. Brilliant city projects funded by the public authority and high-level reconnaissance projects for public safety are a few factors that are anticipated to support the utilization of video investigation across the district. The retail business is driving business sector extension in nations like China and India, as well as the huge improvements projected in the ICT area later on years.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• VCA Technology (U.K.)
• Panasonic (Japan)
• Honeywell International, Inc. (U.S.)
• Avigilon (Canada)
• Robert Bosch GmbH (Germany)
• Objectvideo, Inc. (U.S.)
• Infinova (India)
• Advantech (Taiwan)
• PureTech Systems (U.S.)
• Qognify (U.S.)
• Siemens (Germany)
• Axis Communications AB (Sweden)
• Agent Video Intelligence, Inc. (U.S.)
• IntelliVision (U.S.)
• IBM (U.S.)
• Verint Systems (U.S.)
• Cisco Systems, Inc. (U.S.)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.