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Video Analytics Market worth $20.3 billion by 2027, growing at a CAGR of 23.4% Report by MarketsandMarkets™

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Chicago, June 28, 2023 (GLOBE NEWSWIRE) — The global Video Analytics Market size is expected to grow from USD 7.1 billion in 2022 to USD 20.3 billion by 2027 at a Compound Annual Growth Rate (CAGR) of 23.4% during the forecast period, according to a new report by MarketsandMarkets™.The growing need among enterprises to leverage BI and actionable insights for advanced operations is expected to drive market growth in the coming years. 

Browse in-depth TOC on “Video Analytics Market

309 – Tables
67 – Figures
321 – Pages

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Scope of the Report

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Report Metrics Details 
Market size value in 2022  USD 7.1 billion
Revenue forecast in 2027  USD 20.3 billion
Growth Rate  23.4% CAGR
Quantitative units Value (USD Billion)
Segments covered By Component, Application, Deployment Model, Type, Vertical, and Region
Market Drivers
  • Increasing investments and focus of governing institutions on public safety
  • Need to utilize and examine unstructured video surveillance data in real-time
Market Opportunities
  • Use of drone-based video analytics
  • Emergence of edge technologies and devices to increase use of video analytics
Regions covered North America, Europe, Asia Pacific, Middle East and Africa, and Latin America
Companies covered Avigilon (Canada), Axis Communications (Sweden), Cisco (US), Honeywell (US), and IBM (US)

Over the past few years, a rapid increase in disruptive and innovative technologies, such as Artificial Intelligence (AI), cloud computing, and edge computing in the video analytics landscape, has been observed. AI-based facial expression analysis helps to predict suspicious and abnormal activities. Along with predictive analytics, AI technology reduces false alarms by filtering out noises, such as tree movement, animal movement, and lighting changes. Cloud-based video analytics reduces the overall costs as the storage space, and computing efforts are distributed over the cloud server. Edge-based video analytics helps to process the data on-premises, thus reducing bandwidth and cloud loads while accelerating the analysis process. 

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By Component, the software segment is estimated to account for a larger market share in 2022. Video analytics software enables organizations to capture and analyze critical data and make business decisions using intelligently analyzed data. It has further eliminated the need for manual intervention and continuous human monitoring. Video analytics software also provides real-time alerts during emergencies. 

By Type, the Edge-based segment is expected to grow at a higher CAGR during the forecast period. In the edge-based architecture, video analytics is embedded into the camera and the video there itself. Advancements in deep learning and its integration with the edge system are expected to drive its adoption in the coming years. 

By Vertical, the government & defense segment is expected to account for the largest share in the market. The government & defense vertical, which includes city surveillance and border security, is a major concern for every country. Video analytics in city surveillance is used for controlling traffic on highways or freeways, tracking data from remote locations, managing the crowd flow, detecting motion for identifying over-speeding vehicles, facial recognition by law enforcement authorities, and identifying camera tampering. While in border security it helps governments to secure their borders against illegal immigrants, smuggling, and terrorist attacks.

With the increasing demand for security and non-security applications, facial recognition is gaining traction in the video analytics market. Facial recognition enables the biometric authentication and identification of individuals by comparing their facial traits from a video feed stored in the database. Facial recognition applications are witnessing a high demand for deployment in devices, such as smartphones, laptops, tablets, and personal digital assistants, for security purposes. Various verticals such as retail, media, and entertainment are utilizing facial recognition-equipped CCTVs for inspection and survey purposes, thus contributing to the demand for facial recognition applications. For marketing purposes, billboards are designed with integrated software to identify potential customers’ gender, age, and ethnicity for targeted advertising. 

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Top Trends in Global Video Analytics Market 

  • Artificial Intelligence (AI) and Machine Learning (ML): AI and machine learning are playing an important role in enhancing video analytics capabilities. These technologies enable the creation of sophisticated video analytics platforms that can analyse massive volumes of video data, recognise patterns, and make real-time choices.
  • Deep Learning: Deep learning techniques, which are a type of AI, are rapidly being used in video analytics. Deep learning algorithms can learn and extract complicated features from video data automatically, boosting object recognition, behaviour analysis, and anomaly detection accuracy.
  • Edge Computing: Edge computing is the processing and analysis of video data at the network’s edge, closer to the source. Organisations may minimise latency, improve security, and make quick choices by executing video analytics at the edge, rather than relying primarily on cloud connectivity.
  • Video Surveillance and Security: In video surveillance and security applications, video analytics is widely employed. Advanced video analytics technologies can detect and track objects automatically, recognise faces, identify aberrant behaviour, and issue alarms in the event of a security breach.
  • Privacy and Data Protection: With the growing use of video analytics, privacy and data security have become major problems. Efforts are being undertaken to provide privacy-enhancing technologies that maintain regulatory compliance while also allowing for effective video analytics.

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Key Industry Development

  • Behavior Analysis: AI-powered video analytics can discover anomalies or questionable activity by analysing human behaviour patterns. This technology is often utilised in security applications, where it may detect behaviours such as loitering, unauthorised access, or hostile behaviour and send notifications to security staff.
  • Facial Recognition: Video analytics systems can now identify persons from video footage thanks to substantial advancements in facial recognition algorithms. This has a wide range of applications, including law enforcement, access control, and customer identification in retail settings.
  • Video Content Understanding: ML systems can now better analyse the content of video footage. They are capable of recognising specific objects, situations, or events and categorising video content accordingly. Applications such as automated video labelling, content recommendation, and video search are made possible by this feature.
  • Object Recognition and Tracking: People, cars, and specific objects of interest may now be reliably identified and tracked in real time by video analytics systems. This allows for applications such as traffic monitoring, crowd control, and security monitoring.
  • Deep Learning and Neural Networks: Deep learning techniques, such as convolutional neural networks (CNNs) and recurrent neural networks (RNNs), have transformed video analytics by allowing for more precise object detection, tracking, and recognition. These sophisticated algorithms can learn from massive volumes of labelled video data, gradually boosting performance.

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Artificial Intelligence

How AIoT shapes the future of mobility: Hikvision at ITS World Congress 2024

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HANGZHOU, China, Sept. 27, 2024 /PRNewswire/ — Hikvision made a significant impact at the ITS World Congress in Dubai with its captivating theme, “Embrace AIoT for safer, smarter, and greener mobility.” Its booth became a hub of innovation, where visitors explored AIoT solutions that are reshaping the transportation landscape, sparking deep conversations on the future of urban mobility.

Road safety revolution: harnessing AIoT for secure transportation
Hikvision’s commitment to road safety was on full display at its booth through the impressive array of AIoT solutions designed to create secure and reliable traffic environments. The company’s technology provides 24/7 traffic monitoring, ensuring continuous oversight of motor vehicles, non-motorized vehicles, pedestrians and environmental factors. This comprehensive, real-time information collection enables traffic managers to prevent accidents and enhance road safety. Among the showcased products was the 20 MP IR ANPR Checkpoint Capture Unit, renowned for its high-definition capture capabilities, bolstering traffic safety measures.
A standout innovation was the integration of advanced radar and camera technologies, ensuring uninterrupted, comprehensive detection even in adverse weather conditions. The Radar-Video Fusion Incident Detection Cameras, featured prominently in the product experience area, enable early detection and warning of potential hazards. They are particularly effective in challenging situations such as curved roads, blind spots at intersections, and obstacles beyond visual range.
Attendees also engaged with onboard monitoring products on the simulated bus, including dome network cameras, which is designed to enhance passenger safety. Driving assistance products, such as the Driver Status Monitor (DSM), were demonstrated to mitigate unsafe driving behaviors and ensure safer journeys.
Urban mobility redefined: smart traffic innovations
In the realm of smarter mobility, Hikvision showcased its multidimensional sensing technology, which integrates visible light sensors, infrared sensors, radar, and sonar. This technology expands perception capabilities, significantly improving traffic management and situational awareness. The use of AI-powered comprehensive sensing elevates incident monitoring and violation detection to unprecedented levels of accuracy and efficiency.
A major attraction was the Radar-Video Fusion TandemVu PTZ Camera, which integrates millimeter-wave radar with high-resolution cameras for extensive traffic detection and data analysis. AI-based algorithms combine these two systems to enhance target information, detecting up to 16 types of incidents. This leads to the development of a large-scale fusion model that merges spatial physical data with image semantic information. The result is ultra-long-range perception, achieving over 95% accuracy in vehicle trajectory detection. This robust system improves traffic violation management and optimizes traffic flow, significantly enhancing road efficiency.
At the simulated bus station, visitors observed how AI-assisted people counting automated the collection of passenger flow statistics at peak stop hours and bus line frequency during busy periods. Paired with smart bus stop digital signage, the solution improves bus service quality, operational efficiency, passenger experience, and overall public transport effectiveness.
Sustainable transportation: leading the charge for greener cities
Hikvision’s commitment to sustainable urban mobility was evident through its innovative green wave technology and eco-friendly checkpoint solutions. Green wave technology efficiently manages traffic flow to reduce congestion and lower carbon emissions, aligning with global sustainability goals. Visitors were particularly impressed by a case study showcasing a green wave solution implemented in Zhoushan, China. Over a stretch of 21 kilometers and 34 intersections, this main road cut travel times by 50%.
The use of DarkFighterX technology in checkpoint cameras also received significant attention. This technology senses both visible and invisible light, resulting in more accurate and realistic images. It enhances traffic violation enforcement efficiency while minimizing the need for high ambient light levels, thus reducing light pollution. The 9M DarkfightX ANPR Checkpoint Camera exemplified this dedication to environmental stewardship.
Frank Zhang, President of Hikvision MEA, remarked, “Hikvision supports sustainable urban planning by empowering traffic departments to address congestion and transportation challenges.” He further emphasized, “Our system’s openness fosters a secure and reliable platform for developing smart and green cities. Additionally, our solar technology is extensively utilized in remote areas, while our smart street lighting solutions reduce energy consumption by 20-30%, promoting intelligent urban transportation and advancing global sustainability objectives.”
Hikvision’s presence at the ITS World Congress in Dubai underscored its leadership in integrating AIoT technologies to drive safer, smarter, and greener mobility solutions. The engaging presentations and advanced product demonstrations captured significant attention from industry partners and customers, reaffirming the company’s role as a pioneer in shaping the future of urban transportation. As the world moves towards more intelligent and sustainable transportation systems, Hikvision remains at the forefront, embracing AIoT to create a safer, smarter, and greener future for all.
To find out more about Hikvision’s advanced traffic and public transport solutions, please explore the Hikvision official website.
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Artificial Intelligence

Anti-Drone Market worth $7.05 billion by 2029 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Sept. 27, 2024 /PRNewswire/ — The global anti-drone market was valued at USD 2.16 billion in 2024 and is projected to reach USD 7.05 billion by 2029; it is expected to register a CAGR of 26.7% during the forecast period according to a new report by MarketsandMarkets™. Increasing government spending on counter-drone technologies, rising incidence of critical infrastructure security breaches by unauthorized drones, and surge in adoption of aerial remote sensing technologies to safeguard critical infrastructure are attributed to the demand for anti-drone.

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Browse in-depth TOC on “Anti-Drone Market” 178 – Tables61 – Figures253 – Pages
Anti-Drone Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 2.16 billion
Estimated Value by 2029
$ 7.05 billion
Growth Rate
Poised to grow at a CAGR of 26.7%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By System Type, Application, Platform type, Vertical, and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Vulnerability to hacking
Key Market Opportunities
Emphasis on improving unmanned aircraft systems technology
Key Market Drivers
Growing number of illicit activities
By System Type: Hybrid systems to account for the larger market share in the forecasted year.
The hybrid segment accounted for the largest share of the anti-drone market in 2029. The trends of integrating multiple anti-drone technologies are rising since they are most effective in detecting, tracking, and neutralizing drone threats. These systems merge electronic, kinetic, and lasers, providing a comprehensive defense solution against UAVs. Hybrid systems use electronic, kinetic, and laser-based countermeasures to offer optimum protection against drones. These systems are designed to detect, track, identify, categorize, and mitigate drones at operational wide ranges ranging from a few km up to tens of km.
By Platform: The ground-based segment accounted for the largest market share in the forecast year.
The ground-based segment will hold a major share of the anti-drone market in 2029. Many ground-based anti-drone systems use several electronic technologies, such as radar, IR sensors, acoustic systems, and RF & GNSS jammers. MESA radar solutions are used mostly for counter-UAS purposes, protecting critical infrastructure, military camps, and other security-sensitive sites from unauthorized drones. One such solution is EchoGuard, a ground-based airspace management solution that contains a software-defined 3D radar that can be specific to the site. This system can identify single or multiple off-chance drones, including swarms in unauthorized areas. They provide accurate and sustained airspace surveillance for the field of view (FOV) they are configured, and both human and AI-monitored visual checks. The system can be easily transported and integrated directly with the command-and-control centers or another identification sensor for portable use, and multiple units of the system can be combined to cover vast areas or lengths of borders. Major providers of ground-based counter-drone systems include companies like EchoDyne Corporation, DeTect, Meteksan Defense, and WhiteFox Defense. Acoustics-based Discovair G2 utilizes patented microphone arrays. With 128 interconnected microphone elements, the Discovair sensor units can establish azimuth and elevation to the target in real-time using advanced digital signal processing.
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By Region: Americas are expected to hold the largest share of the anti-drone market during the forecast period.
Americas is expected to capture the largest share in the anti-drone industry during the forecast period. The growth can be attributed to protecting crucial infrastructure in the region. Governments, particularly in the US, invest in anti-drone systems for military bases, borders, and critical infrastructure. For Instance, in April 2023, RTX secured a USD 237 million contract from the US Army to provide Ku-band Radio Frequency Sensors (KuRFS) and Coyote effectors. These systems are designed to detect and neutralize unmanned aircraft systems (UAS). The contract includes stationary and mobile systems and a specified quantity of effectors, all aimed at enhancing the Army’s operations within the US Central Command region.
Key Players-
The key companies offering anti-drone companies include RTX (US), Lockheed Martin Corporation (US), Leonardo S.p.A. (Italy), Thales (France), and IAI (Israel).
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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting
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About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact: Mr. Rohan SalgarkarMarketsandMarkets™ INC. 1615 South Congress Ave.Suite 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: [email protected] Our Web Site: https://www.marketsandmarkets.com/Research Insight: https://www.marketsandmarkets.com/ResearchInsight/anti-drone-market.aspContent Source: https://www.marketsandmarkets.com/PressReleases/anti-drone.asp
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Artificial Intelligence

CluePoints Launches Medical & Safety Review (MSR) Software to Revolutionize Clinical Data Review

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CluePoints furthers its commitment to delivering innovative solutions that enhance clinical trial efficiency with this latest addition to its enterprise software platform.
KING OF PRUSSIA, Pa., Sept. 27, 2024 /PRNewswire/ — CluePoints continues to transform clinical trial review and leverage its industry-leading software to enhance the interrogation, analysis and presentation of data with the launch of its latest application, Medical & Safety Review (MSR).

The tool simplifies and streamlines the medical analysis of study data through user-friendly dashboards, data manipulation and cleaning, query management and full transparency over the data history. This not only improves efficiency and communication in medical oversight, but also elevates patient safety, differentiating MSR as a smarter and unique solution.
Designed by, and for Medical and Safety Reviewers, MSR converts the manual analysis of patient outcomes, which can be prone to inefficiency and error, into an accurate, efficient process. MSR tackles time-consuming study preparation for specific visualizations by featuring a comprehensive standard visualization library as well as the ability to copy and reuse dashboards across different studies, enabling the identification of outlying values, change tracking, and improved communication for smarter clinical trials.
Other benefits of MSR include:
Enhanced medical review efficiency and reduced human errors via automated checksReduced time spent by clinical and data management teams in reviewing dataImproved collaboration with integrated review workflows across departmentsEnsured record quality and accountability with comprehensive change trackingDriving faster decision making with the proactive detection of trends and safety issuesEnsuring regulatory compliance with rule-based detection and user assignmentsAndy Cooper, Chief Executive Officer at CluePoints, commented, “We are thrilled to announce the launch of Medical & Safety Review to our growing product offerings. MSR is the latest application addition to the CluePoints platform, which includes products such as Risk-Based Quality Management (RBQM) and our Site Profile & Oversight Tool (SPOT). Together, they provide a comprehensive approach to clinical trial optimization, enhancing data integrity, ensuring regulatory compliance, and accelerating drug development. The creation of MSR ensures a more streamlined review process while prioritizing patient safety at every step and empowers medical teams to swiftly identify outliers, track data changes, and improve communication.”
To learn more about CluePoints’ award-winning solutions, please visit www.cluepoints.com
About CluePoints
CluePoints is the premier Risk-Based Quality Management (RBQM) and Data Quality Oversight Software provider. We are leveraging the potential of Artificial Intelligence using Advanced Statistics and Machine Learning to determine the quality, accuracy, and integrity of clinical trial data both during and after study conduct. Aligned with guidance from the FDA, EMA, and ICH E6 (R2), CluePoints is deployed to support central and on-site monitoring, medical review, quality risk management and to drive a holistic Risk-Based strategy in all trials. Coupled with thought leadership and consulting expertise to aid pre-study risk assessment, identification of risk controls and solution implementation, you now have everything you need to adhere with global regulatory guidance. The result is positive clinical development outcomes, increased operational efficiency, lower costs and reduced regulatory submission risk as part of the industry paradigm shift to RBQM.
 

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