Artificial Intelligence
Video Analytics Market with COVID-19 Impact, by Component, Application, Deployment Model, Type, Vertical and Region – Global Forecast to 2026
Dublin, Nov. 05, 2021 (GLOBE NEWSWIRE) — The “Video Analytics Market with COVID-19 Impact, by Component, Application (Intrusion Management, Incident Detection, People/Crowd Counting, Traffic Monitoring), Deployment Model (On-premises and Cloud), Type, Vertical, and Region – Global Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.
The global video analytics market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 20.4% during the forecast period, to reach USD 14.9 billion by 2026 from USD 5.9 billion in 2021.
Key factors that are expected to drive the growth of the market are the increasing investments and focus of governing institutions on public safety, need to utilize and examine unstructured video surveillance data in real time, significant drop in crime rate due surveillance cameras, growing need among enterprises to leverage BI and actionable insights for advanced operations, limitation of manual video analysis, government initiatives in adopting emerging technologies to enhance the public safety infrastructure, reduced cost of video surveillance equipment and long term RoI and demand for enhanced video surveillance.
The COVID-19 impact on the global video analytics market
The recent economic slowdown with the impact of COVID-19 emphasizes the need for alternate business systems. It has become important for businesses to embrace cloud computing and migrate to cloud video analytics solutions. This will help organizations to have a stable business condition in the short term while targeting continued growth and expansion in the long run. The recent COVID-19 crisis has shifted the focus on safety and security of human lives. Also, the emergence of intuitive technologies mainly the Ai-based surveillance systems based on deep learning and computer vision technologies. The organizations are utilizing video analytics solutions across end user industries due to variety of benefits including dynamically attain situational awareness, proactively drive real time alerting, and scheduling BI dashboard.
Edge-based segment to grow at a higher CAGR during the forecast period
Based on the type, the market is segmented into two categories edge based and server based video analytics. Edge-based segment is expected to grow at a higher CAGR during the forecast period. Edge-based video analytics evolves with the emergence of new powerful in-build chipsets in cameras that offer higher computational capabilities at the edge. Such systems inform operators on a wide range of real-time video or audio events requiring attention and providing more sophisticated analytics, such as queue management and heat maps that offer new opportunities for business and traffic intelligence.
Advancements in deep learning and its integration with the edge system are expected to drive the adoption in the coming years. Deep learning takes ML to another level based on neural network principles that impersonate the complexity of the human brain. Earlier, the functionality was mainly available at server-side processes, which would require videos to be decompressed and processed. Edge-based devices need external inputs to learn from before proving as a useful tool to recognize known objects and behaviors.
On-premises segment to account for a higher market share during the forecast period.
The video analytics market is segmented by deployment type into on-premises and cloud segment. The on-premises segment account for a higher share of the video analytics market during the forecast period. This approach is mostly adopted for applications that involve the processing of sensitive and confidential data volumes. These data volumes include internal and external surveillance footage and video feeds of business operations that contain confidential information and crucial insights. In the on-premises deployment, companies have to install the required hardware parts, such as OS, storage devices, servers, cameras, and routers, as well as video analytics software. Several large organizations are deploying on-premises video analytics due to privacy and security concerns related to confidential data.
Transportation and logistics vertical to grow at a higher CAGR during the forecast period.
Transport and logistics is one of the fastest-growing verticals during the forecast period. Video surveillance has become an important part of the transportation and logistics vertical. The various benefits of video analytics for the transportation and logistics vertical are the elimination of overcrowding, behavior analysis, enhanced safety measures, incident recording, and detection of blind spots. Video analytics can contribute to the enhancement and betterment of this vertical for commuters while providing improved safety benefits. The various features offered by video analytics, such as facial recognition, object tracking, unidentified object detection, cargo and train carriage recognition, and intelligent traffic monitoring, can help transportation and logistics companies prevent disasters and detect emerging threats, which may lead to infrastructure destruction or vehicle crashing, resulting in the loss of life.
North America to account for the highest market share during the forecast period.
The video analytics market is segmented into five regions: North America, Europe, APAC, MEA, and Latin America. The video analytics report provides insights into these regional markets in terms of market size, growth rates, future trends, market drivers, and COVID-19 impact. North America is expected to hold the highest market share in the overall video analytics market during the forecast period. Following North America tops the world in terms of the presence of security vendors and the occurrence of security breaches.
Therefore, the global video analytics market is dominated by North America, which is the most advanced region with regard to technological adoption and infrastructure. The growing concerns about the protection of critical infrastructure and national borders have increased government intervention in recent years. Specific budget allocations, such as the budget for The Department of Homeland Security, and mandated security policies are expected to make North America the most lucrative market for vendors from various verticals. The North American market covers the analysis of the US and Canada. The protection of critical infrastructure is the most serious economic and national security challenge for the governments of both countries. Many governments and law enforcement agencies in the US and Canada are taking initiatives for strengthening their security infrastructure. The US and the Canadian governments are continuously working with law enforcement agencies to prevent violent extremism and counter terrorism-related incidents.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Brief Overview of the Video Analytics Market
4.2 Market, by Deployment Model
4.3 Market, by Application, 2021 Vs. 2026
4.4 Market, by Vertical, 2021 Vs. 2026
4.5 Market, by Type,
4.6 Market: Investment Scenario, 2021-2026
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Investments and Focus of Governing Institutions on Public Safety
5.2.1.2 Need to Utilize and Examine Unstructured Video Surveillance Data in Real-Time
5.2.1.3 Significant Drop in Crime Rate Due to Surveillance Cameras
5.2.1.4 Growing Need Among Enterprises to Leverage Bi and Actionable Insights for Advanced Operations
5.2.1.5 Limitations of Manual Video Analysis
5.2.1.6 Government Initiatives in Adopting Emerging Technologies to Enhance the Public Safety Infrastructure
5.2.1.7 Reduced Cost of Video Surveillance Equipment and Long-Term Roi
5.2.1.8 Demand for Enhanced Video Surveillance
5.2.2 Restraints
5.2.2.1 Increasing Cyberattacks and Data Theft Activities
5.2.2.2 Government Regulations Related to Cctv Surveillance
5.2.2.3 Investments in Existing Legacy Surveillance Systems to Prevent the Implantation of New Advanced Solutions
5.2.2.4 Privacy Concerns Among Citizens
5.2.3 Opportunities
5.2.3.1 Use of Drone-Based Video Analytics
5.2.3.2 Emergence of Edge Technologies and Devices to Amplify the Use of Video Analytics
5.2.3.3 Predictive Information Using Video Analytics
5.2.3.4 Integration of Ai and Cloud Technologies with Video Analytics
5.2.3.5 Surging Demand for Video Analytics Solutions in Non-Government Sectors
5.2.3.6 Growing Use of Facial Recognition Across Applications
5.2.4 Challenges
5.2.4.1 High Initial Costs of Investment, Installation, and Maintenance
5.2.4.2 Interoperability Complexities and Support for Older Equipment of Surveillance Systems
5.2.4.3 Extreme Functional Conditions
5.2.4.4 Problems in Isolated and Remote Locations
5.2.4.5 False Alarms and Lack of Reliability
5.3 Case Study Analysis
5.4 Technological Analysis
5.4.1 Artificial Intelligence and Machine Learning
5.4.2 Cloud Computing
5.4.3 Edge Computing
5.4.4 Big Data and Analytics
5.4.5 Internet of Things
5.5 COVID-19-Driven Market Dynamics
5.5.1 Drivers and Opportunities
5.5.2 Restraints and Challenges
5.6 Porter’s Five Forces Analysis
5.6.1 Threat of New Entrants
5.6.2 Threat of Substitutes
5.6.3 Bargaining Power of Suppliers
5.6.4 Bargaining Power of Buyers
5.6.5 Intensity of Competitive Rivalry
5.7 Pricing Analysis
5.8 Ecosystem
5.9 Supply Chain Analysis
5.10 Regulations
5.11 Patent Analysis
5.12 Trends/Disruptions Impacting Buyers
6 Video Analytics Market, by Component
6.1 Introduction
6.1.1 Component: Market Drivers
6.1.2 Component: Covid-19 Impact
6.2 Software
6.3 Services
6.3.1 Managed Services
6.3.2 Professional Services
7 Video Analytics Market, by Deployment Model
7.1 Introduction
7.1.1 Deployment Model: Market Drivers
7.1.2 Deployment Model: Covid-19 Impact
7.2 On-Premises
7.3 Cloud
8 Video Analytics Market, by Application
8.1 Introduction
8.1.1 Application: Market Drivers
8.1.2 Application: Covid-19 Impact
8.2 Incident Detection
8.3 Intrusion Management
8.4 People/Crowd Counting
8.5 Traffic Monitoring
8.6 Automatic Number Plate Recognition
8.7 Facial Recognition
8.8 Other Applications
9 Video Analytics Market, by Type
9.1 Introduction
9.1.1 Type: Market Drivers
9.1.2 Type: Covid-19 Impact
9.2 Server-Based
9.3 Edge-Based
10 Video Analytics Market, by Vertical
10.1 Introduction
10.1.1 Vertical: Market Drivers
10.1.2 Vertical: COVID-19 Impact
10.2 Banking, Financial Services, and Insurance
10.3 City Surveillance
10.4 Critical Infrastructure
10.5 Education
10.6 Hospitality and Entertainment
10.7 Manufacturing
10.8 Defense and Border Security
10.9 Retail
10.10 Traffic Management
10.11 Transportation and Logistics
10.12 Other Verticals
11 Video Analytics Market, by Region
12 Competitive Landscape
12.1 Introduction
12.2 Key Strategies by Top Vendors
12.3 Market Share of Top Vendors
12.4 Ranking of Key Players in the Market, 2021
12.5 Revenue Analysis of Top Market Players
12.6 Company Evaluation Quadrant
12.6.1 Definitions and Methodology
12.6.2 Star
12.6.3 Emerging Leaders
12.6.4 Pervasive
12.6.5 Participants
12.7 Sme Evaluation Quadrant
12.7.1 Definitions and Methodology
12.7.2 Progressive Companies
12.7.3 Responsive Companies
12.7.4 Dynamic Companies
12.7.5 Starting Blocks
12.8 Competitive Scenario
13 Company Profiles
13.1 Introduction
13.2 Key Players
13.2.1 Avigilon
13.2.2 Axis Communications
13.2.3 Cisco
13.2.4 Honeywell
13.2.5 Agent VI
13.2.6 Allgovision
13.2.7 Aventura Systems
13.2.8 Genetec
13.2.9 Intellivision
13.2.10 Intuvision
13.2.11 Puretech Systems
13.2.12 Hikvision
13.2.13 Dahua
13.2.14 Iomniscient
13.2.15 Nec
13.2.16 Huawei
13.2.17 Gorilla Technology
13.2.18 Intelligent Security Systems
13.2.19 Verint
13.2.20 Viseum
13.2.21 Briefcam
13.2.22 Bosch Security
13.2.23 I2V
13.2.24 Digital Barriers
13.2.25 Senstar
13.2.26 Qognify
13.2.27 Identiv
13.2.28 Ipsotek
13.2.29 Delopt
13.3 Sme/Start-Ups
13.3.1 Drishti Technologies
13.3.2 Natix
13.3.3 Deepnorth
13.3.4 Cronj
13.3.5 Microtraffic
13.3.6 Actuate
13.3.7 Calipsa
13.3.8 Athena Security
13.3.9 Corsight AI
13.3.10 Arcules
13.3.11 Cawamo
13.3.12 Kogniz
13.3.13 Durac
14 Adjacent Market
15 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/tr5fs2
Artificial Intelligence
JupiterOne and watchTowr announce partnership to protect business critical assets with broad exposure management capabilities
SINGAPORE, May 2, 2024 /PRNewswire/ — watchTowr, a leader in external attack surface management (EASM) technology and fuelled by watchTowr Labs, a renowned vulnerability R&D capability, has formed a strategic partnership with JupiterOne. JupiterOne is a leader in cyber asset attack surface management (CAASM) technology. This collaboration enables customers to rapidly prioritize emerging threats within their constantly changing environments, focusing on fixing the most critical risks impacting their business, which enables an end-to-end continuous threat exposure management process (CTEM).
Over 28,000 CVE records were published in 2023; a figure that is expected to increase as attackers shorten the time from known vulnerability to exploit, reducing it from weeks to days. JupiterOne and watchTowr’s integrated solution empowers enterprises to discover their most critical and exploitable vulnerabilities, prioritize them with asset context based on business impact and receive an actionable remediation plan to improve security posture.
This partnership enables a complete continuous threat exposure management program, addressing the full spectrum of cyber risk management. The fully integrated solution provides continuous monitoring and assessment of both internal and external digital assets, allowing for prioritization and effective threat mitigation for a business’s most critical assets. “Our partnership with watchTowr is a game-changer” said Forte. “Combining our data aggregation with real-time asset discovery and automated security testing allows us to offer a unique, all-encompassing approach to exposure management.”
Benjamin Harris, CEO, watchTowr, said, “While the number of reported vulnerabilities continues to rise, the vulnerabilities that matter – in mission-critical, key systems – have exploded at an alarming rate. This reality, combined with the significant shift in speed by attackers to weaponize vulnerabilities – the ability to validate exploitability and prioritise actions based on real business risk has never been more vital. We’re excited to join forces with JupiterOne to give security teams around the globe this much-needed end-to-end capability.”
About JupiterOne:
JupiterOne is a cybersecurity startup delivering powerful software solutions to companies across all industries, providing deep insights to cyber assets and the relationships between, empowering security professionals to have true knowledge and ownership of their attack surfaces.
About watchTowr:
watchTowr is a global cybersecurity technology company, built by former adversaries.
watchTowr’s world-class External Attack Surface Management and Continuous Automated Red Teaming technology is informed by years of experience compromising some of the world’s most targeted organisations and utilised by Fortune 500, financial services and critical infrastructure providers every day.
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LONDON, May 1, 2024 /PRNewswire/ — Clarivate Plc (NYSE: CLVT; CLVT PR A) (“Clarivate”), a leading global provider of transformative intelligence, today announced that its board of directors declared a quarterly dividend of $1.3125 per share on its 5.25% Series A Mandatory Convertible Preferred Shares (the “Preferred Shares”), payable in cash on June 3, 2024 to shareholders of record at the close of business on May 15, 2024.
On the mandatory conversion date, which is scheduled to occur on June 3, 2024, each Preferred Share will automatically and mandatorily convert into a number of ordinary shares of Clarivate (and cash in lieu of any fractional ordinary shares) based on the average volume weighted average price (“VWAP”) of Clarivate’s ordinary shares over a 30-trading day period that begins on, and includes, April 18, 2024 and is scheduled to end on, and include, May 30, 2024 (the “valuation period”). If such VWAP is (i) greater than $31.20, then the mandatory conversion rate will be 3.2052 ordinary shares of Clarivate per Preferred Share, (ii) less than or equal to $31.20 but equal to or greater than $26.00, then the mandatory conversion rate will be a number of ordinary shares of Clarivate per Preferred Share equal to $100.00 divided by such VWAP and (iii) less than $26.00, then the mandatory conversion rate will be 3.8462 ordinary shares of Clarivate per Preferred Share. The mandatory conversion rate will be announced following the end of the valuation period. The above description of the terms of the Preferred Shares is not complete and is subject to, and qualified in its entirety by reference to, the “Statement of Rights” for the Preferred Shares, which is filed as Exhibit 3.2 to Clarivate’s annual report on Form 10-K for the fiscal year ended December 31, 2023.
Cautionary Note Regarding Forward-Looking Statements
This communication contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These statements, which express management’s current views concerning future business, events, trends, contingencies, financial performance, or financial condition, appear at various places in this communication and may use words like “aim,” “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “future,” “goal,” “intend,” “likely,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “see,” “seek,” “should,” “strategy,” “strive,” “target,” “will,” and “would” and similar expressions, and variations or negatives of these words. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on management’s current beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. These forward-looking statements involve a number of risks and uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include those factors discussed under the caption “Risk Factors” in our annual report on Form 10-K, along with our other filings with the U.S. Securities and Exchange Commission (“SEC”). However, those factors should not be considered to be a complete statement of all potential risks and uncertainties. Additional risks and uncertainties not known to us or that we currently deem immaterial may also adversely affect our business operations. Forward-looking statements are based only on information currently available to our management and speak only as of the date of this communication. We do not assume any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, except as otherwise required by securities and other applicable laws. Please consult our public filings with the SEC or on our website at www.clarivate.com.
About Clarivate
Clarivate™ is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit www.clarivate.com.
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BEIJING, May 1, 2024 /PRNewswire/ — Focusing on the development of AI, the third CMG Forum was held on Monday in Beijing.
Li Shulei, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and the head of the Publicity Department of the CPC Central Committee, attended the opening of the event and delivered a speech.
Guests at the forum stressed the role of media in promoting the innovative application of AI as well as its governance.
Efforts should also be made to boost the development of AI in creating positive, healthy, diverse and high-quality content, so that AI can become a force for good and benefit mankind, they agreed.
They also called on media to accelerate intelligent transformation and help bridge international exchanges and cooperation on the governance of AI to facilitate its healthy, orderly and safe development.
Hosted by China Media Group (CMG), the forum attracted more than 200 participants from international organizations, media, think tanks and multinational companies.
“Innovation and breakthroughs in science and technology not only guide the development and progress of human civilization, but also bring uncertainty to the changing world,” said Shen Haixiong, vice minister of the Publicity Department of the CPC Central Committee and president of CMG. He called for efforts to jointly create valuable and responsible artificial intelligence.
AI technology is affecting every aspect of our lives. Thomas Bach, president of the International Olympic Committee (IOC), stated in a video speech that CMG has always been a partner of the IOC, bringing the charm of the Olympic Games to hundreds of millions of Chinese viewers. He said the IOC invites CMG to work together for the creation of a future with the application of AI in Olympic sports.
“From ancient inventions such as silk, printing and the compass to modern technological advances such as robotics, telecommunications and green technology, China has always been committed to innovation and creation,” said Daren Tang, director general of the World Intellectual Property Organization (WIPO). He said WIPO pays close attention to ensuring a balance between the opportunities and risks of artificial intelligence and is committed to strengthening cooperation to ensure that artificial intelligence is properly used.
https://news.cgtn.com/news/2024-04-30/3rd-CMG-Forum-in-Beijing-discusses-AI-development-1tdDcXvCexG/p.html
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