The Asia Pacific Video Analytics in Banking Market would witness market growth of 25.9% CAGR during the forecast period (2023-2030).
The need for video analytics systems has increased recently, as these systems make monitoring the health of operating room personnel easier. For example, during the pandemic, there were more requests for developing a system for observing the social distance between visitors and if a visitor is wearing personal protective equipment. Such demands can be met by new video analysis tools. Computer vision technologies, high-resolution digital cameras, neural network techniques and machine learning, and cloud image processing storage are used to accomplish such tasks in video analytics systems.
Such computer programs may determine whether a visitor to a room is wearing a mask. The entrance door can be locked if a guest hides their identity with a mask. If a visitor doesn't have a mask on, the system will advise using a dispenser to obtain one and carrying out the other steps required to enter a room or specific area. If the visitor doesn't want to enter the area, a bank can provide an ATM so that they can carry out the necessary tasks on their own.
The region has witnessed a surge in banks and branches due to the expansion of the banking industry. According to a recent estimate from the Government of China, 15,591 bank branches were refurbished last year, bringing the total number of bank branches in China's banking sector to 228,000 as of the end of 2019. A report from the China Banking Association states that more than 1 million ATMs have been placed by Chinese banks. By the end of 2018, they had processed transactions totaling 61.85 trillion yuan (approximately $8.8 trillion).
The governments of many nations are also adopting various steps to expand the BFSI industry in the region. For instance, by eliminating the $745 transaction cap and allowing banks to impose their restrictions, the Reserve Bank of India (RBI) has promoted mobile payments, one of the key drivers promoting the banking industry's growth. In addition, many people, especially in rural areas, have opened bank accounts due to the Government of lndia’s Pradhan Mantri Jan Dhan Yojana. Therefore, due to the expansion of the BFSI sector, the Asia Pacific market is bound to increase in the coming years.
The China market dominated the Asia Pacific Video Analytics in Banking Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $642 Million by 2030. The Japan market is registering a CAGR of 25.2% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 26.8% during (2023 - 2030).
Based on Component, the market is segmented into Software, and Services. Based on Application, the market is segmented into Security & Fraud Detection, ATM Monitoring, Customer Behavior Analysis, Queue Management, and Others. Based on Deployment Mode, the market is segmented into On-premise, and Cloud. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Video Analytics in Banking Market is Projected to reach USD 7.5 Billion by 2030, at a CAGR of 24.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Senstar Technologies Ltd., Zhejiang Dahua Technology Co., Ltd, Axis Communications AB (Canon, Inc.), AllGoVision Technologies Pvt. Ltd, IBM Corporation, Wipro Limited, Bosch Security Systems GmbH (Robert Bosch GmbH), Grekkom Technologies, Avigilon Corporation (Motorola Solutions), and Eagle Eye Networks, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Component
By Application
- Security & Fraud Detection
- ATM Monitoring
- Customer Behavior Analysis
- Queue Management
- Others
By Deployment Mode
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Senstar Technologies Ltd.
- Zhejiang Dahua Technology Co., Ltd
- Axis Communications AB (Canon, Inc.)
- AllGoVision Technologies Pvt. Ltd
- IBM Corporation
- Wipro Limited
- Bosch Security Systems GmbH (Robert Bosch GmbH)
- Grekkom Technologies
- Avigilon Corporation (Motorola Solutions)
- Eagle Eye Networks, Inc.
TABLE 1 Asia Pacific Video Analytics in Banking Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Video Analytics in Banking Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Video Analytics in Banking Market by Component, 2019 - 2022, USD Million
TABLE 4 Asia Pacific Video Analytics in Banking Market by Component, 2023 - 2030, USD Million
TABLE 5 Asia Pacific Software Market by Country, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Software Market by Country, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Services Market by Country, 2019 - 2022, USD Million
TABLE 8 Asia Pacific Services Market by Country, 2023 - 2030, USD Million
TABLE 9 Asia Pacific Video Analytics in Banking Market by Application, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Video Analytics in Banking Market by Application, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Security & Fraud Detection Market by Country, 2019 - 2022, USD Million
TABLE 12 Asia Pacific Security & Fraud Detection Market by Country, 2023 - 2030, USD Million
TABLE 13 Asia Pacific ATM Monitoring Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific ATM Monitoring Market by Country, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Customer Behavior Analysis Market by Country, 2019 - 2022, USD Million
TABLE 16 Asia Pacific Customer Behavior Analysis Market by Country, 2023 - 2030, USD Million
TABLE 17 Asia Pacific Queue Management Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Queue Management Market by Country, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 20 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 21 Asia Pacific Video Analytics in Banking Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Video Analytics in Banking Market by Deployment Mode, 2023 - 2030, USD Million
TABLE 23 Asia Pacific On-premise Market by Country, 2019 - 2022, USD Million
TABLE 24 Asia Pacific On-premise Market by Country, 2023 - 2030, USD Million
TABLE 25 Asia Pacific Cloud Market by Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Cloud Market by Country, 2023 - 2030, USD Million
TABLE 27 Asia Pacific Video Analytics in Banking Market by Country, 2019 - 2022, USD Million
TABLE 28 Asia Pacific Video Analytics in Banking Market by Country, 2023 - 2030, USD Million
TABLE 29 China Video Analytics in Banking Market, 2019 - 2022, USD Million
TABLE 30 China Video Analytics in Banking Market, 2023 - 2030, USD Million
TABLE 31 China Video Analytics in Banking Market by Component, 2019 - 2022, USD Million
TABLE 32 China Video Analytics in Banking Market by Component, 2023 - 2030, USD Million
TABLE 33 China Video Analytics in Banking Market by Application, 2019 - 2022, USD Million
TABLE 34 China Video Analytics in Banking Market by Application, 2023 - 2030, USD Million
TABLE 35 China Video Analytics in Banking Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 36 China Video Analytics in Banking Market by Deployment Mode, 2023 - 2030, USD Million
TABLE 37 Japan Video Analytics in Banking Market, 2019 - 2022, USD Million
TABLE 38 Japan Video Analytics in Banking Market, 2023 - 2030, USD Million
TABLE 39 Japan Video Analytics in Banking Market by Component, 2019 - 2022, USD Million
TABLE 40 Japan Video Analytics in Banking Market by Component, 2023 - 2030, USD Million
TABLE 41 Japan Video Analytics in Banking Market by Application, 2019 - 2022, USD Million
TABLE 42 Japan Video Analytics in Banking Market by Application, 2023 - 2030, USD Million
TABLE 43 Japan Video Analytics in Banking Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 44 Japan Video Analytics in Banking Market by Deployment Mode, 2023 - 2030, USD Million
TABLE 45 India Video Analytics in Banking Market, 2019 - 2022, USD Million
TABLE 46 India Video Analytics in Banking Market, 2023 - 2030, USD Million
TABLE 47 India Video Analytics in Banking Market by Component, 2019 - 2022, USD Million
TABLE 48 India Video Analytics in Banking Market by Component, 2023 - 2030, USD Million
TABLE 49 India Video Analytics in Banking Market by Application, 2019 - 2022, USD Million
TABLE 50 India Video Analytics in Banking Market by Application, 2023 - 2030, USD Million
TABLE 51 India Video Analytics in Banking Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 52 India Video Analytics in Banking Market by Deployment Mode, 2023 - 2030, USD Million
TABLE 53 South Korea Video Analytics in Banking Market, 2019 - 2022, USD Million
TABLE 54 South Korea Video Analytics in Banking Market, 2023 - 2030, USD Million
TABLE 55 South Korea Video Analytics in Banking Market by Component, 2019 - 2022, USD Million
TABLE 56 South Korea Video Analytics in Banking Market by Component, 2023 - 2030, USD Million
TABLE 57 South Korea Video Analytics in Banking Market by Application, 2019 - 2022, USD Million
TABLE 58 South Korea Video Analytics in Banking Market by Application, 2023 - 2030, USD Million
TABLE 59 South Korea Video Analytics in Banking Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 60 South Korea Video Analytics in Banking Market by Deployment Mode, 2023 - 2030, USD Million
TABLE 61 Singapore Video Analytics in Banking Market, 2019 - 2022, USD Million
TABLE 62 Singapore Video Analytics in Banking Market, 2023 - 2030, USD Million
TABLE 63 Singapore Video Analytics in Banking Market by Component, 2019 - 2022, USD Million
TABLE 64 Singapore Video Analytics in Banking Market by Component, 2023 - 2030, USD Million
TABLE 65 Singapore Video Analytics in Banking Market by Application, 2019 - 2022, USD Million
TABLE 66 Singapore Video Analytics in Banking Market by Application, 2023 - 2030, USD Million
TABLE 67 Singapore Video Analytics in Banking Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 68 Singapore Video Analytics in Banking Market by Deployment Mode, 2023 - 2030, USD Million
TABLE 69 Malaysia Video Analytics in Banking Market, 2019 - 2022, USD Million
TABLE 70 Malaysia Video Analytics in Banking Market, 2023 - 2030, USD Million
TABLE 71 Malaysia Video Analytics in Banking Market by Component, 2019 - 2022, USD Million
TABLE 72 Malaysia Video Analytics in Banking Market by Component, 2023 - 2030, USD Million
TABLE 73 Malaysia Video Analytics in Banking Market by Application, 2019 - 2022, USD Million
TABLE 74 Malaysia Video Analytics in Banking Market by Application, 2023 - 2030, USD Million
TABLE 75 Malaysia Video Analytics in Banking Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 76 Malaysia Video Analytics in Banking Market by Deployment Mode, 2023 - 2030, USD Million
TABLE 77 Rest of Asia Pacific Video Analytics in Banking Market, 2019 - 2022, USD Million
TABLE 78 Rest of Asia Pacific Video Analytics in Banking Market, 2023 - 2030, USD Million
TABLE 79 Rest of Asia Pacific Video Analytics in Banking Market by Component, 2019 - 2022, USD Million
TABLE 80 Rest of Asia Pacific Video Analytics in Banking Market by Component, 2023 - 2030, USD Million
TABLE 81 Rest of Asia Pacific Video Analytics in Banking Market by Application, 2019 - 2022, USD Million
TABLE 82 Rest of Asia Pacific Video Analytics in Banking Market by Application, 2023 - 2030, USD Million
TABLE 83 Rest of Asia Pacific Video Analytics in Banking Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 84 Rest of Asia Pacific Video Analytics in Banking Market by Deployment Mode, 2023 - 2030, USD Million
TABLE 85 Key Information – Senstar Technologies Ltd.
TABLE 86 Key Information – Zhejiang Dahua Technology Co., Ltd.
TABLE 87 Key Information – Axis Communications AB
TABLE 88 Key Information – AllGoVision Technologies Pvt. Ltd
TABLE 89 Key Information – IBM Corporation
TABLE 90 Key Information – Wipro Limited
TABLE 91 Key Information – Bosch Security Systems GmbH
TABLE 92 Key Information – Grekkom Technologies
TABLE 93 Key Information – Avigilon Corporation
TABLE 94 Key Information – Eagle Eye Networks, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Video Analytics in Banking Market, 2019 - 2030, USD Million
FIG 3 Key Impacting Factors video analytics in banking market
FIG 4 Market Share Analysis, 2022
FIG 5 Porter’s Five Forces Analysis – Video Analytics in Banking Market
FIG 6 Asia Pacific Video Analytics in Banking Market share by Component, 2022
FIG 7 Asia Pacific Video Analytics in Banking Market share by Component, 2030
FIG 8 Asia Pacific Video Analytics in Banking Market by Component, 2019 - 2030, USD Million
FIG 9 Asia Pacific Video Analytics in Banking Market share by Application, 2022
FIG 10 Asia Pacific Video Analytics in Banking Market share by Application, 2030
FIG 11 Asia Pacific Video Analytics in Banking Market by Application, 2019 - 2030, USD Million
FIG 12 Asia Pacific Video Analytics in Banking Market share by Deployment Mode, 2022
FIG 13 Asia Pacific Video Analytics in Banking Market share by Deployment Mode, 2030
FIG 14 Asia Pacific Video Analytics in Banking Market by Deployment Mode, 2019 - 2030, USD Million
FIG 15 Asia Pacific Video Analytics in Banking Market share by Country, 2022
FIG 16 Asia Pacific Video Analytics in Banking Market share by Country, 2030
FIG 17 Asia Pacific Video Analytics in Banking Market by Country, 2019 - 2030, USD Million
FIG 18 SWOT Analysis: Senstar Technologies Ltd.
FIG 19 SWOT Analysis: Zhejiang Dahua Technology Co., Ltd.
FIG 20 SWOT Analysis: Axis Communications AB
FIG 21 SWOT Analysis: AllGoVision Technologies Pvt. Ltd
FIG 22 Swot Analysis: IBM Corporation
FIG 23 SWOT Analysis: Wipro Limited
FIG 24 SWOT Analysis: Bosch Security Systems GmbH
FIG 25 SWOT Analysis: Grekkom Technologies
FIG 26 SWOT Analysis: Avigilon Corporation
FIG 27 SWOT Analysis: Eagle Eye Networks, Inc.