The Asia Pacific Video Analytics Market Size is anticipated to experience a growth of 35% CAGR during the forecast period (2016 - 2022).
Video analytics software came into existence to review videos and identify useful incidents from the surroundings. The otherwise difficult task of watching videos is made easy with video analytics software and as a result efficient out can be expected from the same. Video analytics makes the surveillance system more efficient, reduces workload on security and management staff, and helps in capturing the full value of security video by making the IP camera system more intelligent. The Internet has gained importance and widespread adoption among people throughout the world.
IP surveillance system provides facility to monitor and access the system online. In addition, video system provides data storage facility to any geographical location. To improve storage capacity, content compression facility, auto recovery and number of other features are available with the system. Video analytics software for security cameras is available in several forms, namely installed on camera, on NVR, or as 3rd party software. Every form of video analytics solution works in a different manner, and it would depend on the manufacturer and the application itself.
Nevertheless, it is possible to set up the application to certain parameters such as to the activity the software is looking for, set up the alert notification system, and raise alarms when criteria are met. Based on Component, the market is segmented into Software and Services. Services are further divided into Professional and Managed. Based on Application, the market is segmented into Intrusion Management, Incident Detection, Traffic Monitoring, PeopleCrowd Counting, Facial Recognition, Automatic Number Plate Recognition, and Other Application.
Based on Deployment Type, the market is segmented into On-Demand and On-Premise. The verticals included in the report are Transportation, Traffic Management, Critical Infrastructure Protection, Border Security, Hospitality & Entertainment, City Surveillance, BFSI, Retail, and Others. Based on country, Video Analytics market is segmented into China, Japan, India, South Korea, Singapore, Malaysia and Rest of Asia-Pacific.
China remained the dominant country in the Asia-Pacific Video Analytics market in 2015. India and South Korea would witness promising CAGR during the forecast period (2016-2022). The report covers the analysis of key stakeholders of the Video Analytics market. Key companies profiled in the report include Cisco Systems, Inc., Honeywell International Incorporation, International Business Machines Corporation, Axis Communications, Avigilon Corporation, Genetec Inc., Aventura Technologies Inc., and I2V Systems Private Ltd.
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