According to MarketsandMarkets™, the global Video Analytics Market is projected to expand from USD 8.3 billion in 2023 to USD 22.6 billion by 2028, registering a CAGR of 22.3% during the forecast period.
The report features more than 310 market data tables and 65 figures across 312 pages, delivering detailed insights into market trends, technologies, applications, and competitive dynamics shaping the video analytics ecosystem.
Software Segment to Dominate by Offering
The software segment is expected to capture the largest share of the video analytics market throughout the forecast period. Video analytics software has become a core component of modern surveillance systems, enabling organizations to enhance workplace safety and protect assets. Businesses across sectors rely on these solutions to gather and process visual data, turning it into actionable intelligence for better decision-making.
Advancements in video analytics have significantly reduced the need for manual monitoring by automating detection and analysis. During critical situations, the software delivers real-time alerts, helping security teams respond faster. With capabilities designed to extract meaningful insights from video streams, these platforms support applications across security, retail, healthcare, transportation, and other industries. Compared to traditional surveillance, video analytics offers superior anomaly detection, crime prevention, and operational efficiency.
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Intrusion Management Emerges as a Key Application
Within applications, intrusion management is expected to hold the second-largest market share during the forecast period. This segment focuses on monitoring outdoor spaces and perimeters to identify unauthorized access using advanced detection systems. Such solutions strengthen security across public venues and critical infrastructure, including airports, rail yards, bridges, refineries, chemical facilities, data centers, and industrial sites.
Video analytics market enables continuous monitoring over large areas while identifying threats in real time. Technologies such as pan-tilt-zoom (PTZ) cameras assist in tracking intruders, while thermal sensors integrated with analytics platforms improve detection accuracy and reduce operational costs. These capabilities make intrusion management a vital part of modern security frameworks.
Asia Pacific to Register the Highest Growth
The Asia Pacific region is anticipated to witness the fastest growth rate in the video analytics market during the forecast period. Rapid technological adoption, rising security requirements, and expanding smart city programs are key contributors to this momentum. Major cities across China have incorporated video analytics into surveillance networks for crowd control, traffic optimization, and public safety, with facial recognition widely deployed in public areas.
Countries such as India are leveraging video analytics in transportation hubs and urban centers to strengthen security and streamline traffic operations. Accelerated urbanization, population expansion, and heightened safety concerns continue to drive demand. In smart cities like Singapore, Shanghai, and Tokyo, video analytics plays a critical role in advanced mobility management, public protection, and urban development planning. Additionally, retailers in Japan and China use these solutions to understand customer behavior, improve store layouts, and enhance operational performance.
Key Market Players
Leading companies in the video analytics market include Avigilon (Canada), Axis Communications (Sweden), Cisco (US), Honeywell (US), IBM (US), AllGoVision (India), Genetec (Canada), IntelliVision (US), Gorilla Technology (Taiwan), and Eagle Eye Networks (US), all contributing to innovation and competitive growth in the global landscape.
Some of the Key Questions Answered in this Report:
- What trends, challenges and barriers will influence the development and sizing of the global market?
- SWOT Analysis of each defined key player along with its profile and Porter’s five forces analysis to complement the same.
- What is the Video Analytics Market growth momentum or market carriers during the forecast period?
- What are the global trends in the Video Analytics market? Would the market witness an increase or decline in the demand in the coming years?
- What is the estimated demand for different types of products in Video Analytics? What are the upcoming industry applications and trends for Video Analytics market?
- What Are Projections of Global Video Analytics Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
- Where will the strategic developments take the industry in the mid to long-term?
- What are the factors contributing to the final price of Video Analytics? What are the raw materials used for Video Analytics?
- How big is the opportunity for the Video Analytics market? How will the increasing adoption of Video Analytics for mining impact the growth rate of the overall market?
- Which region may tap the highest market share in the coming era?
- Which application/end-user category or Product Type may seek incremental growth prospects?
- What focused approach and constraints are holding the Video Analytics market demand?