The Europe Video Analytics Market Size would grow at a growth rate of 31.6% 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.
Video management systems offers the ability to easily organize, store, retrieve and view footages that have the most impact to the end user. IP video management systems significantly contribute in the enhancement of organizations security and also help in responding to incidents. All these functionalities are achieved simply by leveraging the existing networks and security equipment.
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.
The transportation vertical covers all modes of transit including airport, maritime, subways, railways, and other public transit. Video cameras have already been deployed in the airports for surveillance purposes. Video cameras give the opportunity to analyze the recorded footages and gain real-time insights and facilitate decisions making without delay. Video analytics is also widely deployed at railway stations to manage crowd, get security alerts, and detect unattended luggage. Based on country, Video Analytics market is segmented into Germany, UK, France, Russia, Spain, Italy and Rest of Europe.
Germany remained the dominant country in the Europe Video Analytics market in 2015. France would witness promising CAGR during the forecast period (2016-2022). The report covers the analysis of key stake holders 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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