The North America Video Analytics in Banking Market would witness market growth of 23.4% CAGR during the forecast period (2023-2030).
In banking, video analytics refers to solutions that process the bank's daily transactions, broadcast updates to accounts, and accesses various other financial records. Due to the lessening of switching obstacles and the entry of multiple next-generation banks, the banking sector is experiencing intense competition. The major business competitors offer quick services at a very low cost to draw in new clients. Additionally, real-time online banking service exchange is made possible by video analytics in banking. Users can use these solutions from any branch office to view their accounts and conduct basic transactions.
As they examine numerous duties like journal entries, account formation, maintenance, balances, transactions, and others, video analytics in banking systems has quickly become the backbone of contemporary banks. Since this software has an agile architecture, the bank can quickly correct and update bugs without affecting the customer's online experience. The market is expanding due to more high-resolution cameras being used and rising demand for real-time event detection. The growth is further augmented by the growing adoption of digital transformation technology.
The Federal Deposit Insurance Corporation (FDIC) reported that America has 71,007 branches across 4,136 insured commercial banks as of 2022. Many American households use payment cards like debit, credit, or ATM cards. The FDIC reported that prepaid card usage was 6.9% of all homes in 2021, and internet payment services were used by over half of all households (46.4%). In order to fulfill its purpose of preserving the stability of the American financial system and fostering public trust in it, the FDIC is dedicated to increasing Americans' access to secure, safe, and inexpensive banking services. The regional banks are planning to strengthen their premises and functioning owing to the increasing number of banks and fraudulent activities. Therefore, the region presents lucrative growth opportunities for the market.
The US market dominated the North America 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 $1,825.2 Million by 2030. The Canada market is exhibiting a CAGR of 26.2% during (2023 - 2030). Additionally, The Mexico market would experience a CAGR of 25.1% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
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.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Video Analytics in Banking Market, by Component
1.4.2 North America Video Analytics in Banking Market, by Application
1.4.3 North America Video Analytics in Banking Market, by Deployment Mode
1.4.4 North America Video Analytics in Banking Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 Market Share Analysis, 2022
4.2 Porter’s Five Forces Analysis
Chapter 5. North America Video Analytics in Banking Market by Component
5.1 North America Software Market by Country
5.2 North America Services Market by Country
Chapter 6. North America Video Analytics in Banking Market by Application
6.1 North America Security & Fraud Detection Market by Country
6.2 North America ATM Monitoring Market by Country
6.3 North America Customer Behavior Analysis Market by Country
6.4 North America Queue Management Market by Country
6.5 North America Others Market by Country
Chapter 7. North America Video Analytics in Banking Market by Deployment Mode
7.1 North America On-premise Market by Country
7.2 North America Cloud Market by Country
Chapter 8. North America Video Analytics in Banking Market by Country
8.1 US Video Analytics in Banking Market
8.1.1 US Video Analytics in Banking Market by Component
8.1.2 US Video Analytics in Banking Market by Application
8.1.3 US Video Analytics in Banking Market by Deployment Mode
8.2 Canada Video Analytics in Banking Market
8.2.1 Canada Video Analytics in Banking Market by Component
8.2.2 Canada Video Analytics in Banking Market by Application
8.2.3 Canada Video Analytics in Banking Market by Deployment Mode
8.3 Mexico Video Analytics in Banking Market
8.3.1 Mexico Video Analytics in Banking Market by Component
8.3.2 Mexico Video Analytics in Banking Market by Application
8.3.3 Mexico Video Analytics in Banking Market by Deployment Mode
8.4 Rest of North America Video Analytics in Banking Market
8.4.1 Rest of North America Video Analytics in Banking Market by Component
8.4.2 Rest of North America Video Analytics in Banking Market by Application
8.4.3 Rest of North America Video Analytics in Banking Market by Deployment Mode
Chapter 9. Company Profiles
9.1 Senstar Technologies Ltd.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 SWOT Analysis
9.2 Zhejiang Dahua Technology Co., Ltd.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional Analysis
9.2.4 Product Development Expenses
9.2.5 SWOT Analysis
9.3 Axis Communications AB (Canon, Inc.)
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 SWOT Analysis
9.4 AllGoVision Technologies Pvt. Ltd
9.4.1 Company Overview
9.4.2 Recent strategies and developments:
9.4.2.1 Product Launches and Product Expansions:
9.4.3 SWOT Analysis
9.5 IBM Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 SWOT Analysis
9.6 Wipro Limited
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 SWOT Analysis
9.7 Bosch Security Systems GmbH (Robert Bosch GmbH)
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Product Launches and Product Expansions:
9.7.6 SWOT Analysis
9.8 Grekkom Technologies
9.8.1 Company Overview
9.8.2 SWOT Analysis
9.9 Avigilon Corporation (Motorola Solutions, Inc.)
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Regional & Segmental Analysis
9.9.4 Research & Development Expenses
9.9.5 Recent strategies and developments:
9.9.5.1 Product Launches and Product Expansions:
9.9.6 SWOT Analysis
9.10. Eagle Eye Networks, Inc.
9.10.1 Company Overview
9.10.2 Recent strategies and developments:
9.10.2.1 Acquisition and Mergers:
9.10.3 SWOT Analysis
TABLE 1 North America Video Analytics in Banking Market, 2019 - 2022, USD Million
TABLE 2 North America Video Analytics in Banking Market, 2023 - 2030, USD Million
TABLE 3 North America Video Analytics in Banking Market by Component, 2019 - 2022, USD Million
TABLE 4 North America Video Analytics in Banking Market by Component, 2023 - 2030, USD Million
TABLE 5 North America Software Market by Country, 2019 - 2022, USD Million
TABLE 6 North America Software Market by Country, 2023 - 2030, USD Million
TABLE 7 North America Services Market by Country, 2019 - 2022, USD Million
TABLE 8 North America Services Market by Country, 2023 - 2030, USD Million
TABLE 9 North America Video Analytics in Banking Market by Application, 2019 - 2022, USD Million
TABLE 10 North America Video Analytics in Banking Market by Application, 2023 - 2030, USD Million
TABLE 11 North America Security & Fraud Detection Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Security & Fraud Detection Market by Country, 2023 - 2030, USD Million
TABLE 13 North America ATM Monitoring Market by Country, 2019 - 2022, USD Million
TABLE 14 North America ATM Monitoring Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Customer Behavior Analysis Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Customer Behavior Analysis Market by Country, 2023 - 2030, USD Million
TABLE 17 North America Queue Management Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Queue Management Market by Country, 2023 - 2030, USD Million
TABLE 19 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 20 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 21 North America Video Analytics in Banking Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 22 North America Video Analytics in Banking Market by Deployment Mode, 2023 - 2030, USD Million
TABLE 23 North America On-premise Market by Country, 2019 - 2022, USD Million
TABLE 24 North America On-premise Market by Country, 2023 - 2030, USD Million
TABLE 25 North America Cloud Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Cloud Market by Country, 2023 - 2030, USD Million
TABLE 27 North America Video Analytics in Banking Market by Country, 2019 - 2022, USD Million
TABLE 28 North America Video Analytics in Banking Market by Country, 2023 - 2030, USD Million
TABLE 29 US Video Analytics in Banking Market, 2019 - 2022, USD Million
TABLE 30 US Video Analytics in Banking Market, 2023 - 2030, USD Million
TABLE 31 US Video Analytics in Banking Market by Component, 2019 - 2022, USD Million
TABLE 32 US Video Analytics in Banking Market by Component, 2023 - 2030, USD Million
TABLE 33 US Video Analytics in Banking Market by Application, 2019 - 2022, USD Million
TABLE 34 US Video Analytics in Banking Market by Application, 2023 - 2030, USD Million
TABLE 35 US Video Analytics in Banking Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 36 US Video Analytics in Banking Market by Deployment Mode, 2023 - 2030, USD Million
TABLE 37 Canada Video Analytics in Banking Market, 2019 - 2022, USD Million
TABLE 38 Canada Video Analytics in Banking Market, 2023 - 2030, USD Million
TABLE 39 Canada Video Analytics in Banking Market by Component, 2019 - 2022, USD Million
TABLE 40 Canada Video Analytics in Banking Market by Component, 2023 - 2030, USD Million
TABLE 41 Canada Video Analytics in Banking Market by Application, 2019 - 2022, USD Million
TABLE 42 Canada Video Analytics in Banking Market by Application, 2023 - 2030, USD Million
TABLE 43 Canada Video Analytics in Banking Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 44 Canada Video Analytics in Banking Market by Deployment Mode, 2023 - 2030, USD Million
TABLE 45 Mexico Video Analytics in Banking Market, 2019 - 2022, USD Million
TABLE 46 Mexico Video Analytics in Banking Market, 2023 - 2030, USD Million
TABLE 47 Mexico Video Analytics in Banking Market by Component, 2019 - 2022, USD Million
TABLE 48 Mexico Video Analytics in Banking Market by Component, 2023 - 2030, USD Million
TABLE 49 Mexico Video Analytics in Banking Market by Application, 2019 - 2022, USD Million
TABLE 50 Mexico Video Analytics in Banking Market by Application, 2023 - 2030, USD Million
TABLE 51 Mexico Video Analytics in Banking Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 52 Mexico Video Analytics in Banking Market by Deployment Mode, 2023 - 2030, USD Million
TABLE 53 Rest of North America Video Analytics in Banking Market, 2019 - 2022, USD Million
TABLE 54 Rest of North America Video Analytics in Banking Market, 2023 - 2030, USD Million
TABLE 55 Rest of North America Video Analytics in Banking Market by Component, 2019 - 2022, USD Million
TABLE 56 Rest of North America Video Analytics in Banking Market by Component, 2023 - 2030, USD Million
TABLE 57 Rest of North America Video Analytics in Banking Market by Application, 2019 - 2022, USD Million
TABLE 58 Rest of North America Video Analytics in Banking Market by Application, 2023 - 2030, USD Million
TABLE 59 Rest of North America Video Analytics in Banking Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 60 Rest of North America Video Analytics in Banking Market by Deployment Mode, 2023 - 2030, USD Million
TABLE 61 Key Information – Senstar Technologies Ltd.
TABLE 62 Key Information – Zhejiang Dahua Technology Co., Ltd.
TABLE 63 Key Information – Axis Communications AB
TABLE 64 Key Information – AllGoVision Technologies Pvt. Ltd
TABLE 65 Key Information – IBM Corporation
TABLE 66 Key Information – Wipro Limited
TABLE 67 Key Information – Bosch Security Systems GmbH
TABLE 68 Key Information – Grekkom Technologies
TABLE 69 Key Information – Avigilon Corporation
TABLE 70 Key Information – Eagle Eye Networks, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America 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 North America Video Analytics in Banking Market share by Component, 2022
FIG 7 North America Video Analytics in Banking Market share by Component, 2030
FIG 8 North America Video Analytics in Banking Market by Component, 2019 - 2030, USD Million
FIG 9 North America Video Analytics in Banking Market share by Application, 2022
FIG 10 North America Video Analytics in Banking Market share by Application, 2030
FIG 11 North America Video Analytics in Banking Market by Application, 2019 - 2030, USD Million
FIG 12 orth America Video Analytics in Banking Market share by Deployment Mode, 2022
FIG 13 orth America Video Analytics in Banking Market share by Deployment Mode, 2030
FIG 14 North America Video Analytics in Banking Market by Deployment Mode, 2019 - 2030, USD Million
FIG 15 North America Video Analytics in Banking Market share by Country, 2022
FIG 16 North America Video Analytics in Banking Market share by Country, 2030
FIG 17 North America 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.