The Global Intelligent Video Analytics IVA Market size is projected to grow at a CAGR of 14.6% during the forecast period. The growth can be attributed to factors such as the increasing need for security and surveillance solutions in various sectors, technological advancements by manufacturers, and the availability of cost-effective systems. In addition, the presence of key players in the industry fostering innovation has also played an important role in driving market growth over the past few years.
Intelligent Video Analytics (IVA) is a technology that converts video images into actions, helping businesses with facility surveillance and security. It's also used to detect theft in retail stores or people trespassing on property lines. IVA uses sensors such as night vision cameras for capturing pictures of activities happening at the facilities which can then be analyzed by an artificial intelligence system to identify suspicious behavior automatically.
On the basis of Types, the market is segmented into Cameras, DVR, DVS, and Streaming Servers.
Cameras IVA is the process of automatically analyzing video feeds from surveillance cameras. This analysis might include tracking and counting personnel, monitoring for intruders or other incidents, and looking for lost items or people. Camera(s) can be placed anywhere (public areas, private spaces), but typically these are positioned where they have a good view of what's happening.
DVRs are a specific type of IVA system which can be installed by either the user or the company itself on site. They come with built-in storage for footage, so they don’t need support from third-party vendors like cloud providers. You can think of them as surveillance systems where you monitor what goes on at your facility during daytimes but not necessarily nights or weekends, times when there might be limited staffing available to watch all camera feeds continuously.
DVS IVA is an intelligent video analytics system that allows for the increased understanding of people walking by a display, and their behavioral tendencies. DVS IVA provides valuable information about whether or not someone has interacted with a specific advertisement on the screen. This data can be used to decide which ads should stay up longer, where they should rotate in order to maximize effectiveness based on location and time of day, as well as if/when advertising will need to be turned off altogether due to lack of effectiveness.
Streaming servers are the most basic type of Intelligent Video Analytics IVA. They provide online video viewing to remote users on a computer and mobile devices. Streaming is one of the best ways for agencies, stores, hospitals, or any other enterprise organization to monitor their locations in real-time.
On the basis of Application, the market is segmented into BFSI Sector, Government Sector, Healthcare Industry, Industrial Sector, Retail Sector, Transport, and Logistics sector.
The BFSI sector is the most significant contributor to the global Intelligent Video Analytics IVA market. Intelligent video analytics are used for retail fraud detection, ATM and POS terminal verification, and management of branches in conflict with regulatory requirements such as know-your-customer rules. As a result, it has gained popularity among banks in North America and Europe. In these regions, the market for Intelligent Video Analytics IVA is also driven by use in branches and ATMs to address risk management, fraud detection, authentication of customers to comply with regulatory requirements such as know-your-customer rules, etc.
Banking institutions throughout North America and Europe have been using video analytics since their introduction because they are easy to install at branch locations or ATM terminals, increase security levels during installation, can be integrated with existing systems like live feed IP cameras that were previously installed before installing intelligent video analytics system without any additional cost involved.
Video analytics systems for the government sector mainly help with surveillance, monitoring, and security purposes. Video content is monitored in real-time using an intelligent video analytics system to detect any abnormalities or suspicious activities happening within a specific area. This helps law enforcement agencies maintain peace, order, and safety at public spaces such as airports, railway stations, etc., among others by identifying potential threats well before they happen which can be prevented from taking place. In addition to this, governments are looking into other applications that would utilize video analytic technologies such as traffic management including providing live feeds of footage captured on roads via their intelligent video analytics camera installations so authorities know how congested certain areas have become during peak hours versus when it’s off-peak time. With the rapid growth of technology and the expansion of video analytic solutions, more industries are utilizing this to their advantage.
The use of intelligent video analytics in the healthcare sector is on the rise. It enables improved safety and security, better patient care with reduced waiting times, increased efficiency through automation, and a reduction in administrative tasks for medical staff. Healthcare companies have been using IVA to improve their digital services in recent years including remote consultations via holographic technology (a projection of an image by means of lasers or other light-emitting devices), telemedicine which allows patients to see specialists online at a lower cost than if they traveled from afar, virtual surgeries where specialized surgeons perform operations remotely without being physically present, robotic surgery that helps reduce blood loss and lowers risks like infection etcetera.
The Industrial Sector is one of the major sectors in which Intelligent Video Analytics are used. In this sector, IVA can be used to monitor people entering and exiting a factory where security is required or for tracking items being moved around a warehouse floor. By using video analytics for monitoring these processes, managers will know if there's a possible issue before it becomes an expensive problem.
Industrial applications have been growing steadily with recent deployments including remote vehicle navigation systems (RVNS) that provide assistance through GPS-based information on traffic congestion conditions between vehicles; transit buses equipped with cameras and intelligent head signs to show next stop locations; warehouses that use RFID tags to continuously track product pallets as they move from storage areas to workstations; and rail cars that use sensor-based braking systems
In the retail sector, video analytics is used in monitoring store operations such as to track customer behavior at different points of sale counters. They also play a major role in inventory management by tracking product movement through cameras fitted with barcode scanners or RFID readers, which enables either goods-to-person (GTP) or person-to-goods (PGP) processes.
This has become an important tool for retailers to monitor their shelves and spot outages so they can replenish on time. In addition, it helps them identify when there are errors in pricing labels and other price discrepancies. Video analytics software will also help improve productivity within stores by identifying theft using video analytics software coupled with security systems that leverage computer vision.
One of the major applications for Intelligent Video Analytics in Transport is to help with vehicle safety. This can be done by using video analytics software coupled with collision detection alarms and other systems that leverage computer vision, such as blind-spot detection cameras or lane departure warning sensors.
The combination of these technologies provides a more comprehensive view than any one system alone would offer, allowing drivers to see what’s behind them at all times on their rearview mirror, for example. They may also detect when they leave their lane unintentionally and warn them before an accident occurs. Drivers will feel much safer because they know what’s going on around them even if it appears out of sight - which means fewer distractions while driving overall.
Intelligent Video Analytics (IVA) are being widely used in the Logistics sector. In this industry, IVA is mainly deployed for business process optimization and has applications such as supply chain management, warehouse operations, etc. For example, retail sector companies have been using video analytics solutions on some of their store cameras to monitor customers’ shopping behavior which can be valuable information about how they work with browsers or interact with products that may lead to future customer satisfaction through better sales tactics. These surveillance systems also help retailers detect theft or loss at stores thereby helping them safeguard company assets while boosting employee productivity by reducing shrinkage rates. Retailers are also employing these intelligent video analytic tools for advanced inventory control to minimize product loss from damage during distribution processes or for faster restocking of shelves by tracking the time it takes for items to sell.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. North America is expected to dominate the global market with a share of 35% by 2028 end followed by Latin America (25%), Europe (18%), and Asia-Pacific (14%).
Up Market Research published a new report titled “Intelligent Video Analytics IVA Sales Market research report which is segmented by Types (Cameras, DVR, DVS, Streaming Servers, Others), By Applications (BFSI Sector, Government Sector, Healthcare Sector, Industrial Sector, Retail Sector, Transport and Logistics sector), By Players/Companies SIEMENS, IntelliVision, Robert Bosch GmbH, Cisco Systems, Inc., Honeywell International, Inc., Axis Communications AB, Panasonic, Objectvideo, Inc., Avigilon, Qognify, VCA Technology, DVTEL, ObjectVideo, Sony”.
Report Attributes | Report Details |
Report Title | Intelligent Video Analytics IVA Sales Market Research Report |
By Type | Cameras, DVR, DVS, Streaming Servers, Others |
By Application | BFSI Sector, Government Sector, Healthcare Sector, Industrial Sector, Retail Sector, Transport and Logistics sector |
By Companies | SIEMENS, IntelliVision, Robert Bosch GmbH, Cisco Systems, Inc., Honeywell International, Inc., Axis Communications AB, Panasonic, Objectvideo, Inc., Avigilon, Qognify, VCA Technology, DVTEL, ObjectVideo, Sony |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 204 |
Number of Tables & Figures | 143 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Cameras, DVR, DVS, Streaming Servers, Others and By Application BFSI Sector, Government Sector, Healthcare Sector, Industrial Sector, Retail Sector, Transport and Logistics sector.
Some of the companies that are profiled in this report are:
Intelligent Video Analytics IVA Sales Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Intelligent Video Analytics IVA Sales Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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