The video analytics market size was valued at US$ 6,624.9 million in 2022 and is projected to reach US$ 21996.0 million by 2028; The video analytics market size is expected to grow at a CAGR of 22.1% from 2022 to 2028.
Video analytics is a technique that uses a unique algorithm to evaluate a digital signal to perform a security-related function. It provides security to key infrastructures based on a robust method of recognizing and detecting intruders, creating an alarm upon detecting a specific activity. The healthcare sector has begun to appreciate the benefits of video analytics. Foot traffic past a closed drugstore, for example, may be deemed typical in the evening. However, loitering around the drugstore entrance might indicate a break-in is imminent. A fence-climbing alarm is another example of applied video analytics.
The digitalization of CCTV systems is enhancing the effectiveness and capabilities of surveillance imaging systems for security purposes. Such CCTV systems combined with automation and intelligence are deployed as strong and responsive management tools. Some manufacturers are developing a strong gadget for detecting intruders by applying computer processing capabilities to CCTV photos. CCTV systems are also being integrated with other access control and surveillance technologies to establish an efficient multifunctional system for asset security. Video content analysis (VCA) or video analytics (VA) is a relatively new feature of intelligent CCTV, which can be used in various analytical applications, such as dynamic masking, motion estimation, motion detection, and object recognition.
The video analytics market, based on component, is segmented into software and services. The video analytics market, based on deployment, is segmented into on-premise and cloud-based. The video analytics market, by application, is segmented into crowd management, facial recognition, intrusion detection, license plate recognition, motion detection, and others. The video analytics market, based on vertical, is segmented into BFSI, hospitality and entertainment, education, manufacturing, defense and border security, retail, transportation and logistics, and others. In terms of geography, the video analytics market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Russia, and the Rest of Europe), APAC (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific), the MEA (South Africa and the Rest of the Middle East & Africa), and SAM (Brazil, Argentina, and Rest of South and Central America).
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Video Analytics Market: Strategic Insights
Market Size Value in US$ 6,624.9 million in 2022 Market Size Value by US$ 21996.0 million by 2028 Growth rate CAGR of 22.1% from 2022 to 2028. Forecast Period 2022-2028 Base Year 2022
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Video Analytics Market: Strategic Insights
| Market Size Value in | US$ 6,624.9 million in 2022 |
| Market Size Value by | US$ 21996.0 million by 2028 |
| Growth rate | CAGR of 22.1% from 2022 to 2028. |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Impact of COVID-19 Pandemic on Video Analytics Market
The COVID-19 pandemic impacted almost every major industry, including education, logistics & supply chain, healthcare, BFSI, retail, and manufacturing. Its spread to practically every corner of the world in the second quarter of 2020 compelled governments to impose restrictions on different commercial and social activities. Several governments begun to use video analytics to monitor the situation and ensure public safety. With this, the demand for video analytics-based face recognition, crowd management, people counting, and intrusion and access control tools increased in the last few years.
Lucrative Regions in Video Analytics Market
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Market Insights– Video Analytics Market
Growing Adoption of IP-Based Security Systems is Public Safety Applications
IP-based surveillance systems, high-resolution IP cameras, and network video recorders are increasingly used in video management systems. An increase in IP infrastructure, a rise in demand for remote access are the factors encouraging developments in IP-based security solutions. As a result, companies in the video analytics market are expanding their product portfolios to include IP-based security cameras with integrated video analytics functions. For example, in October 2020, Bosch released "IP 3000i Cameras" with a built-in video analytics system. The integration of IP-based security cameras with video analytics enables remote access, smart data capture, blocked emergency exit or queue notifications, intrusion detection, crowd management, and facial recognition. IP-based security cameras are used in retail spaces for behavior analytics and demographics. Thus, the need for video analytics solutions is growing with the elevating deployment of IP-based security cameras across various sectors.
Component-Based Insights
On the basis of component, the video analytics market is segmented into solution and service. The solution segment accounted for a highest video analytics market share in 2021. With the introduction of increasingly strong in-built chipsets in cameras that enable increased computing capabilities at the edge, edge-based video analytics is evolving. Such systems alert operators to a wide range of real-time video or audio events that require attention and deliver more advanced analytics such as queue management and heat maps, which open up new business and traffic intelligence options.
Deployment-Based Insights
The video analytics market analysis by deployment, the video analytics market is segmented into on premise and cloud based. The on-premise segment is expected to account for a significant share of the video analytics market during the forecast period. This approach is commonly used in applications that process large amounts of sensitive or confidential data. Internal and external surveillance footage and video feeds of corporate activities are included in these data volumes, including proprietary information and vital insights.
Application -Based Insights
The video analytics market analysis by application, the video analytics market is segmented into crowd management, facial recognition, intrusion detection, license plate recognition, motion detection, and others. Crowd management is anticipated to have the highest video analytics market share during the forecast period. Facial recognition is expected to grow at the highest CAGR. Rising incidences of criminal identification, passport and visa fraud detection, and attendance tracking and management, are aiding the video analytics market growth during the forecast period.
Vertical -Based Insights
On the basis of vertical, the market is segmented into BFSI, hospitality and entertainment, education, manufacturing, defense and border security, retail, transportation and logistics, and others. During the forecast period, transportation and logistics are expected to grow at the fastest CAGR during the forecast period. In the transportation and logistics industry, video monitoring has grown more vital. The removal of congestion, behavior analysis, increased safety measures, incident recording, and detection of blind spots are just a few of the benefits of video analytics for the logistics sector.
Players operating in the well completion video analytics market are mainly focused on the development of advanced and efficient products.
- In 2022, Huawei Technologies (Thailand) Co., Ltd. was chosen for the Special Prime Minister Award and recognized as “Digital International Corporation of the Year”. The award acknowledges Huawei Thailand for its valuable support and outstanding contributions to Thai society since its establishment in the country.
- In April 2021, INSEC Security announced a new partnership agreement with BriefCam. Together, the two companies will support the integration of the BriefCam Video Content Analytics Platform for regional projects and will operate a training certification program to foster local video analysis expertise.
Video Analytics Market – by Geography
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
- Asia Pacific (APAC)
- China
- India
- Japan
- South Korea
- Thailand
- Rest of APAC
- Middle East and Africa
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of SAM
Video Analytics Market – Company Profiles
- Avigilon Corporation
- AXIS COMMUNICATIONS
- Agent Video Intelligence Ltd.
- Honeywell International Inc.
- AllGoVision Technologies Pvt. Ltd
- Hangzhou Hikvision Digital Technology Co., Ltd.
- Dahua Technology Co., Ltd.
- Huawei Technologies Co., Ltd.
- NEC Corporation
- BriefCam
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Deployment, Application, and Vertical
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The global video analytics market was valued at US$ 5519.2 Mn in 2021.
The driving factors impacting the Video analytics market are growing adoption of IP-based security systems and development of advanced systems for precision monitoring among others.
One of the key future trend impacting the video analytics market is integration of real time technologies.
The key players holding the major market share of video analytics are Dahua Technology Co. LTD, Hangzhou Hikvision Digital Technology Co., Ltd., Honeywell International Inc, Huawei Technology, and NEC Corporation.
APAC is the fastest-growing regional market in the global Video Analytics market.
US, UK, India, South Africa, and Brazil are the countries are registering a high growth rate during the forecast period.
The global video analytics market size is projected to reach US$ 21996.0 Mn by 2028.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Video Analytics Market – By Component
1.3.2 Global Video Analytics Market – By Deployment
1.3.3 Global Video Analytics Market – By Application
1.3.4 Global Video Analytics Market – By Vertical
1.3.5 Global Video Analytics Market – By Geography
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Video Analytics Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Video Analytics Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Adoption of IP-Based Security Systems is Public Safety Applications
5.1.2 Development of Advanced Systems for Precision Monitoring
5.2 Market Restraints
5.2.1 Concerns Regarding Cybersecurity
5.3 Market Opportunities
5.3.1 Integration with New Technologies
5.4 Future Trends
5.4.1 Integration of Real time Technologies
5.5 Impact Analysis of Drivers and Restraints
6. Video Analytics Market – Global Market Analysis
6.1 Global Video Analytics Market Overview
6.2 Global Video Analytics Market Forecast and Analysis
6.3 Market Positioning- Top Five Players
7. Video Analytics Market Revenue and Forecasts To 2028 –Component
7.1 Overview
7.2 Video Analytics Market, By Component (2021 And 2028)
7.3 Solution
7.3.1 Overview
7.3.2 Solution: Video Analytics Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Service
7.4.1 Overview
7.4.2 Service: Video Analytics Market – Revenue and Forecast to 2028 (US$ Million)
8. Video Analytics Market Revenue and Forecasts To 2028 –Deployment
8.1 Overview
8.2 Video Analytics Market, By Deployment (2021 And 2028)
8.3 On Premise
8.3.1 Overview
8.3.2 On Premise: Video Analytics Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Cloud Based
8.4.1 Overview
8.4.2 Cloud Based: Video Analytics Market – Revenue and Forecast to 2028 (US$ Million)
9. Video Analytics Market Revenue and Forecasts To 2028 –Application
9.1 Overview
9.2 Video Analytics Market, By Application (2021 And 2028)
9.3 Crowd Management
9.3.1 Overview
9.3.2 Crowd Management: Video Analytics Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Facial Recognition
9.4.1 Overview
9.4.2 Facial Recognition: Video Analytics Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Intrusion Detection
9.5.1 Overview
9.5.2 Intrusion Detection: Video Analytics Market – Revenue and Forecast to 2028 (US$ Million)
9.6 License Plate Recognition
9.6.1 Overview
9.6.2 License Plate Recognition: Video Analytics Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Motion Detection
9.7.1 Overview
9.7.2 Motion Detection: Video Analytics Market – Revenue and Forecast to 2028 (US$ Million)
9.8 Others
9.8.1 Overview
9.8.2 Others: Video Analytics Market – Revenue and Forecast to 2028 (US$ Million)
10. Video Analytics Market Revenue and Forecasts To 2028 –Vertical
10.1 Overview
10.2 Video Analytics Market, By Vertical (2021 And 2028)
10.3 BFSI
10.3.1 Overview
10.3.2 BFSI: Video Analytics Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Hospitality and Entertainment
10.4.1 Overview
10.4.2 Hospitality and Entertainment: Video Analytics Market – Revenue and Forecast to 2028 (US$ Million)
10.5 Education
10.5.1 Overview
10.5.2 Education: Video Analytics Market – Revenue and Forecast to 2028 (US$ Million)
10.6 Manufacturing
10.6.1 Overview
10.6.2 Manufacturing: Video Analytics Market – Revenue and Forecast to 2028 (US$ Million)
10.7 Defense and Border Security
10.7.1 Overview
10.7.2 Defense and Border Security: Video Analytics Market – Revenue and Forecast to 2028 (US$ Million)
10.8 Retail
10.8.1 Overview
10.8.2 Retail: Video Analytics Market – Revenue and Forecast to 2028 (US$ Million)
10.9 Transportation and Logistics
10.9.1 Overview
10.9.2 Transportation and Logistics: Video Analytics Market – Revenue and Forecast to 2028 (US$ Million)
10.10 Others
10.10.1 Overview
10.10.2 Others: Video Analytics Market – Revenue and Forecast to 2028 (US$ Million)
11. Video Analytics Market – Geographic Analysis
11.1 Overview
11.2 North America: Video Analytics Market
11.2.1 North America: Video Analytics – Revenue, and Forecast to 2028 (US$ Million)
11.2.2 North America: Video Analytics, By Component
11.2.3 North America: Video Analytics Market, By Vertical
11.2.4 North America: Video Analytics Market, By Deployment
11.2.5 North America: Video Analytics Market, By Application
11.2.6 North America: Video Analytics, by Key Country
11.2.6.1 US: Video Analytics – Revenue, and Forecast to 2028 (US$ Million)
11.2.6.1.1 US: Video Analytics, By Component
11.2.6.1.2 US: Video Analytics Market, By Vertical
11.2.6.1.3 US: Video Analytics Market, By Deployment
11.2.6.1.4 US: Video Analytics Market, By Application
11.2.6.2 Canada: Video Analytics – Revenue, and Forecast to 2028 (US$ Million)
11.2.6.2.1 Canada: Video Analytics, By Component
11.2.6.2.2 Canada: Video Analytics Market, By Vertical
11.2.6.2.3 Canada: Video Analytics Market, By Deployment
11.2.6.2.4 Canada: Video Analytics Market, By Application
11.2.6.3 Mexico: Video Analytics – Revenue, and Forecast to 2028 (US$ Million)
11.2.6.3.1 Mexico: Video Analytics, By Component
11.2.6.3.2 Mexico: Video Analytics Market, By Vertical
11.2.6.3.3 Mexico: Video Analytics Market, By Deployment
11.2.6.3.4 Mexico: Video Analytics Market, By Application
11.3 Europe: Video Analytics Market
11.3.1 Europe: Video Analytics – Revenue, and Forecast to 2028 (US$ Million)
11.3.2 Europe: Video Analytics, By Component
11.3.3 Europe: Video Analytics Market, By Vertical
11.3.4 Europe: Video Analytics Market, By Deployment
11.3.5 Europe: Video Analytics Market, By Application
11.3.6 Europe: Video Analytics, by Key Country
11.3.6.1 France: Video Analytics – Revenue, and Forecast to 2028 (US$ Million)
11.3.6.1.1 France: Video Analytics, By Component
11.3.6.1.2 France: Video Analytics Market, By Vertical
11.3.6.1.3 France: Video Analytics Market, By Deployment
11.3.6.1.4 France: Video Analytics Market, By Application
11.3.6.2 Germany: Video Analytics – Revenue, and Forecast to 2028 (US$ Million)
11.3.6.2.1 Germany: Video Analytics, By Component
11.3.6.2.2 Germany: Video Analytics Market, By Vertical
11.3.6.2.3 Germany: Video Analytics Market, By Deployment
11.3.6.2.4 Germany: Video Analytics Market, By Application
11.3.6.3 UK: Video Analytics – Revenue, and Forecast to 2028 (US$ Million)
11.3.6.3.1 UK: Video Analytics, By Component
11.3.6.3.2 UK: Video Analytics Market, By Vertical
11.3.6.3.3 UK: Video Analytics Market, By Deployment
11.3.6.3.4 UK: Video Analytics Market, By Application
11.3.6.4 Italy: Video Analytics – Revenue, and Forecast to 2028 (US$ Million)
11.3.6.4.1 Italy: Video Analytics, By Component
11.3.6.4.2 Italy: Video Analytics Market, By Vertical
11.3.6.4.3 Italy: Video Analytics Market, By Deployment
11.3.6.4.4 Italy: Video Analytics Market, By Application
11.3.6.5 Russia: Video Analytics – Revenue, and Forecast to 2028 (US$ Million)
11.3.6.5.1 Russia: Video Analytics, By Component
11.3.6.5.2 Russia: Video Analytics Market, By Vertical
11.3.6.5.3 Russia: Video Analytics Market, By Deployment
11.3.6.5.4 Russia: Video Analytics Market, By Application
11.3.6.6 Rest of Europe: Video Analytics – Revenue, and Forecast to 2028 (US$ Million)
11.3.6.6.1 Rest of Europe: Video Analytics, By Component
11.3.6.6.2 Rest of Europe: Video Analytics Market, By Vertical
11.3.6.6.3 Rest of Europe: Video Analytics Market, By Deployment
11.3.6.6.4 Rest of Europe: Video Analytics Market, By Application
11.4 APAC: Video Analytics Market
11.4.1 Overview
11.4.2 Asia Pacific: Video Analytics – Revenue, and Forecast to 2028 (US$ Million)
11.4.3 Asia Pacific: Video Analytics, By Component
11.4.4 Asia Pacific: Video Analytics Market, By Vertical
11.4.5 Asia Pacific: Video Analytics Market, By Deployment
11.4.6 Asia Pacific: Video Analytics Market, By Application
11.4.7 Asia Pacific: Video Analytics, by Key Country
11.4.7.1 Australia Video Analytics Market, Revenue and Forecast to 2028 (US$ million)
11.4.7.1.1 Australia: Video Analytics, By Component
11.4.7.1.2 Australia: Video Analytics Market, By Vertical
11.4.7.1.3 Australia: Video Analytics Market, By Deployment
11.4.7.1.4 Australia: Video Analytics Market, By Application
11.4.7.2 China Video Analytics Market, Revenue and Forecast to 2028 (US$ million)
11.4.7.2.1 China: Video Analytics, By Component
11.4.7.2.2 China: Video Analytics Market, By Vertical
11.4.7.2.3 China: Video Analytics Market, By Deployment
11.4.7.2.4 China: Video Analytics Market, By Application
11.4.7.3 India Video Analytics Market, Revenue and Forecast to 2028 (US$ million)
11.4.7.3.1 India: Video Analytics, By Component
11.4.7.3.2 India: Video Analytics Market, By Vertical
11.4.7.3.3 India: Video Analytics Market, By Deployment
11.4.7.3.4 India: Video Analytics Market, By Application
11.4.7.4 Japan Video Analytics Market, Revenue and Forecast to 2028 (US$ million)
11.4.7.4.1 Japan: Video Analytics, By Component
11.4.7.4.2 Japan: Video Analytics Market, By Vertical
11.4.7.4.3 Japan: Video Analytics Market, By Deployment
11.4.7.4.4 Japan: Video Analytics Market, By Application
11.4.7.5 South Korea Video Analytics Market, Revenue and Forecast to 2028 (US$ million)
11.4.7.5.1 South Korea: Video Analytics, By Component
11.4.7.5.2 South Korea: Video Analytics Market, By Vertical
11.4.7.5.3 South Korea: Video Analytics Market, By Deployment
11.4.7.5.4 South Korea: Video Analytics Market, By Application
11.4.7.6 Rest of APAC video analytics market, Revenue and Forecast to 2028 (US$ million)
11.4.7.6.1 Rest of APAC: Video Analytics, By Component
11.4.7.6.2 Rest of APAC: Video Analytics Market, By Vertical
11.4.7.6.3 Rest of APAC: Video Analytics Market, By Deployment
11.4.7.6.4 Rest of APAC: Video Analytics Market, By Application
11.5 MEA: Video Analytics Market
11.5.1 Overview
11.5.2 MEA: Video Analytics – Revenue, and Forecast to 2028 (US$ Million)
11.5.3 MEA: Video Analytics, By Component
11.5.4 MEA: Video Analytics Market, By Vertical
11.5.5 MEA: Video Analytics Market, By Deployment
11.5.6 MEA: Video Analytics Market, By Application
11.5.7 Middle East and Africa: Video Analytics, by Key Country
11.5.7.1 Saudi Arabia Video Analytics Market, Revenue and Forecast to 2028 (US$ million)
11.5.7.1.1 Saudi Arabia: Video Analytics, By Component
11.5.7.1.2 Saudi Arabia: Video Analytics Market, By Vertical
11.5.7.1.3 Saudi Arabia: Video Analytics Market, By Deployment
11.5.7.1.4 Saudi Arabia: Video Analytics Market, By Application
11.5.7.2 UAE Video Analytics Market, Revenue and Forecast to 2028 (US$ million)
11.5.7.2.1 UAE: Video Analytics, By Component
11.5.7.2.2 UAE: Video Analytics Market, By Vertical
11.5.7.2.3 UAE: Video Analytics Market, By Deployment
11.5.7.2.4 UAE: Video Analytics Market, By Application
11.5.7.3 South Africa Video Analytics Market, Revenue and Forecast to 2028 (US$ million)
11.5.7.3.1 South Africa: Video Analytics, By Component
11.5.7.3.2 South Africa: Video Analytics Market, By Vertical
11.5.7.3.3 South Africa: Video Analytics Market, By Deployment
11.5.7.3.4 South Africa: Video Analytics Market, By Application
11.5.7.4 Rest of MEA Video Analytics Market, Revenue and Forecast to 2028 (US$ million)
11.5.7.4.1 Rest of MEA: Video Analytics, By Component
11.5.7.4.2 Rest of MEA: Video Analytics Market, By Vertical
11.5.7.4.3 Rest of MEA: Video Analytics Market, By Deployment
11.5.7.4.4 Rest of MEA: Video Analytics Market, By Application
11.6 SAM: Video Analytics Market
11.6.1 Overview
11.6.2 SAM: Video Analytics – Revenue, and Forecast to 2028 (US$ Million)
11.6.3 SAM: Video Analytics, By Component
11.6.4 SAM: Video Analytics Market, By Vertical
11.6.5 SAM: Video Analytics Market, By Deployment
11.6.6 SAM: Video Analytics Market, By Application
11.6.7 SAM: Video Analytics, by Key Country
11.6.7.1 Brazil: Video Analytics – Revenue, and Forecast to 2028 (US$ Million)
11.6.7.1.1 Brazil: Video Analytics, By Component
11.6.7.1.2 Brazil: Video Analytics Market, By Vertical
11.6.7.1.3 Brazil: Video Analytics Market, By Deployment
11.6.7.1.4 Brazil: Video Analytics Market, By Application
11.6.7.2 Argentina: Video Analytics – Revenue, and Forecast to 2028 (US$ Million)
11.6.7.2.1 Argentina: Video Analytics, By Component
11.6.7.2.2 Argentina: Video Analytics Market, By Vertical
11.6.7.2.3 Argentina: Video Analytics Market, By Deployment
11.6.7.2.4 Argentina: Video Analytics Market, By Application
11.6.7.3 Rest of SAM: Video Analytics – Revenue, and Forecast to 2028 (US$ Million)
11.6.7.3.1 Rest of SAM: Video Analytics, By Component
11.6.7.3.2 Rest of SAM: Video Analytics Market, By Vertical
11.6.7.3.3 Rest of SAM: Video Analytics Market, By Deployment
11.6.7.3.4 Rest of SAM: Video Analytics Market, By Application
12. Impact of COVID-19 Pandemic on Video Analytics Market
12.1 Overview
12.2 North America: Impact Assessment of COVID-19 Pandemic
12.3 Europe: Impact Assessment of COVID-19 Pandemic
12.4 APAC: Impact Assessment of COVID-19 Pandemic
12.5 MEA: Impact Assessment of COVID-19 Pandemic
12.6 SAM: Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Market Initiative
13.2 Merger and Acquisition
13.3 New Development
14. Company Profiles
14.1 Avigilon Corporation
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 AXIS COMMUNICATIONS
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Agent Video Intelligence Ltd.
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Honeywell International Inc.
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 AllGoVision Technologies Pvt. Ltd
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Hangzhou Hikvision Digital Technology Co., Ltd.
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Dahua Technology Co., Ltd.
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Huawei Technologies Co., Ltd.
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 NEC Corporation
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 BriefCam
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Glossary
LIST OF TABLES
Table 1. Global Video Analytics Market, Revenue and Forecast, 2019–2028 (US$ Mn)
Table 2. North America: Video Analytics, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Video Analytics Market, By Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America: Video Analytics Market, By Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 5. North America: Video Analytics Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. US: Video Analytics, By Component –Revenue and Forecast to 2028 (US$ Million)
Table 7. US: Video Analytics Market, By Vertical–Revenue and Forecast to 2028 (US$ Million)
Table 8. US: Video Analytics Market, By Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 9. US: Video Analytics Market, By Application –Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: Video Analytics, By Component –Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada: Video Analytics Market, By Vertical–Revenue and Forecast to 2028 (US$ Million)
Table 12. Canada: Video Analytics Market, By Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 13. Canada: Video Analytics Market, By Application –Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico: Video Analytics, By Component –Revenue and Forecast to 2028 (US$ Million)
Table 15. Mexico: Video Analytics Market, By Vertical–Revenue and Forecast to 2028 (US$ Million)
Table 16. Mexico: Video Analytics Market, By Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 17. Mexico: Video Analytics Market, By Application –Revenue and Forecast to 2028 (US$ Million)
Table 18. Europe: Video Analytics, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 19. Europe: Video Analytics Market, By Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 20. Europe: Video Analytics Market, By Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 21. Europe: Video Analytics Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 22. France: Video Analytics, By Component –Revenue and Forecast to 2028 (US$ Million)
Table 23. France: Video Analytics Market, By Vertical–Revenue and Forecast to 2028 (US$ Million)
Table 24. France: Video Analytics Market, By Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 25. France: Video Analytics Market, By Application –Revenue and Forecast to 2028 (US$ Million)
Table 26. Germany: Video Analytics, By Component –Revenue and Forecast to 2028 (US$ Million)
Table 27. Germany: Video Analytics Market, By Vertical–Revenue and Forecast to 2028 (US$ Million)
Table 28. Germany: Video Analytics Market, By Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 29. Germany: Video Analytics Market, By Application –Revenue and Forecast to 2028 (US$ Million)
Table 30. UK: Video Analytics, By Component –Revenue and Forecast to 2028 (US$ Million)
Table 31. UK: Video Analytics Market, By Vertical–Revenue and Forecast to 2028 (US$ Million)
Table 32. UK: Video Analytics Market, By Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 33. UK: Video Analytics Market, By Application –Revenue and Forecast to 2028 (US$ Million)
Table 34. Italy: Video Analytics, By Component –Revenue and Forecast to 2028 (US$ Million)
Table 35. Italy: Video Analytics Market, By Vertical–Revenue and Forecast to 2028 (US$ Million)
Table 36. Italy: Video Analytics Market, By Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 37. Italy: Video Analytics Market, By Application –Revenue and Forecast to 2028 (US$ Million)
Table 38. Russia: Video Analytics, By Component –Revenue and Forecast to 2028 (US$ Million)
Table 39. Russia: Video Analytics Market, By Vertical–Revenue and Forecast to 2028 (US$ Million)
Table 40. Russia: Video Analytics Market, By Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 41. Russia: Video Analytics Market, By Application –Revenue and Forecast to 2028 (US$ Million)
Table 42. Rest of Europe: Video Analytics, By Component –Revenue and Forecast to 2028 (US$ Million)
Table 43. Rest of Europe: Video Analytics Market, By Vertical–Revenue and Forecast to 2028 (US$ Million)
Table 44. Rest of Europe: Video Analytics Market, By Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 45. Rest of Europe: Video Analytics Market, By Application –Revenue and Forecast to 2028 (US$ Million)
Table 46. Asia Pacific: Video Analytics, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 47. Asia Pacific: Video Analytics Market, By Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 48. Asia Pacific: Video Analytics Market, By Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 49. Asia Pacific: Video Analytics Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 50. Australia: Video Analytics, By Component –Revenue and Forecast to 2028 (US$ Million)
Table 51. Australia: Video Analytics Market, By Vertical–Revenue and Forecast to 2028 (US$ Million)
Table 52. Australia: Video Analytics Market, By Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 53. Australia: Video Analytics Market, By Application –Revenue and Forecast to 2028 (US$ Million)
Table 54. China: Video Analytics, By Component –Revenue and Forecast to 2028 (US$ Million)
Table 55. China: Video Analytics Market, By Vertical–Revenue and Forecast to 2028 (US$ Million)
Table 56. China: Video Analytics Market, By Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 57. China: Video Analytics Market, By Application –Revenue and Forecast to 2028 (US$ Million)
Table 58. India: Video Analytics, By Component –Revenue and Forecast to 2028 (US$ Million)
Table 59. India: Video Analytics Market, By Vertical–Revenue and Forecast to 2028 (US$ Million)
Table 60. India: Video Analytics Market, By Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 61. India: Video Analytics Market, By Application –Revenue and Forecast to 2028 (US$ Million)
Table 62. Japan: Video Analytics, By Component –Revenue and Forecast to 2028 (US$ Million)
Table 63. Japan: Video Analytics Market, By Vertical–Revenue and Forecast to 2028 (US$ Million)
Table 64. Japan: Video Analytics Market, By Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 65. Japan: Video Analytics Market, By Application –Revenue and Forecast to 2028 (US$ Million)
Table 66. South Korea: Video Analytics, By Component –Revenue and Forecast to 2028 (US$ Million)
Table 67. South Korea: Video Analytics Market, By Vertical–Revenue and Forecast to 2028 (US$ Million)
Table 68. South Korea: Video Analytics Market, By Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 69. South Korea: Video Analytics Market, By Application –Revenue and Forecast to 2028 (US$ Million)
Table 70. Rest of APAC: Video Analytics, By Component –Revenue and Forecast to 2028 (US$ Million)
Table 71. Rest of APAC: Video Analytics Market, By Vertical–Revenue and Forecast to 2028 (US$ Million)
Table 72. Rest of APAC: Video Analytics Market, By Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 73. Rest of APAC: Video Analytics Market, By Application –Revenue and Forecast to 2028 (US$ Million)
Table 74. MEA: Video Analytics, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 75. MEA: Video Analytics Market, By Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 76. MEA: Video Analytics Market, By Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 77. MEA: Video Analytics Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 78. Saudi Arabia: Video Analytics, By Component –Revenue and Forecast to 2028 (US$ Million)
Table 79. Saudi Arabia: Video Analytics Market, By Vertical–Revenue and Forecast to 2028 (US$ Million)
Table 80. Saudi Arabia: Video Analytics Market, By Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 81. Saudi Arabia: Video Analytics Market, By Application –Revenue and Forecast to 2028 (US$ Million)
Table 82. UAE: Video Analytics, By Component –Revenue and Forecast to 2028 (US$ Million)
Table 83. UAE: Video Analytics Market, By Vertical–Revenue and Forecast to 2028 (US$ Million)
Table 84. UAE: Video Analytics Market, By Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 85. UAE: Video Analytics Market, By Application –Revenue and Forecast to 2028 (US$ Million)
Table 86. South Africa: Video Analytics, By Component –Revenue and Forecast to 2028 (US$ Million)
Table 87. South Africa: Video Analytics Market, By Vertical–Revenue and Forecast to 2028 (US$ Million)
Table 88. South Africa: Video Analytics Market, By Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 89. South Africa: Video Analytics Market, By Application –Revenue and Forecast to 2028 (US$ Million)
Table 90. Rest of MEA: Video Analytics, By Component –Revenue and Forecast to 2028 (US$ Million)
Table 91. Rest of MEA: Video Analytics Market, By Vertical–Revenue and Forecast to 2028 (US$ Million)
Table 92. Rest of MEA: Video Analytics Market, By Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 93. Rest of MEA: Video Analytics Market, By Application –Revenue and Forecast to 2028 (US$ Million)
Table 94. SAM: Video Analytics, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 95. SAM: Video Analytics Market, By Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 96. SAM: Video Analytics Market, By Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 97. SAM: Video Analytics Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 98. Brazil: Video Analytics, By Component –Revenue and Forecast to 2028 (US$ Million)
Table 99. Brazil: Video Analytics Market, By Vertical–Revenue and Forecast to 2028 (US$ Million)
Table 100. Brazil: Video Analytics Market, By Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 101. Brazil: Video Analytics Market, By Application –Revenue and Forecast to 2028 (US$ Million)
Table 102. Argentina: Video Analytics, By Component –Revenue and Forecast to 2028 (US$ Million)
Table 103. Argentina: Video Analytics Market, By Vertical–Revenue and Forecast to 2028 (US$ Million)
Table 104. Argentina: Video Analytics Market, By Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 105. Argentina: Video Analytics Market, By Application –Revenue and Forecast to 2028 (US$ Million)
Table 106. Rest of SAM: Video Analytics, By Component –Revenue and Forecast to 2028 (US$ Million)
Table 107. Rest of SAM: Video Analytics Market, By Vertical–Revenue and Forecast to 2028 (US$ Million)
Table 108. Rest of SAM: Video Analytics Market, By Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 109. Rest of SAM: Video Analytics Market, By Application –Revenue and Forecast to 2028 (US$ Million)
Table 110. Glossary of Terms, Video Analytics Market
LIST OF FIGURES
Figure 1. Video Analytics Market Segmentation
Figure 2. Video Analytics Market Segmentation – Geography
Figure 3. Video Analytics Market Overview
Figure 4. Video Analytics Market, By Component
Figure 5. Video Analytics Market, By Deployment
Figure 6. Video Analytics Market, By Application
Figure 7. Video Analytics Market, By Vertical
Figure 8. Video Analytics Market, By Region
Figure 9. North America: PEST Analysis
Figure 10. Europe: PEST Analysis
Figure 11. APAC: PEST Analysis
Figure 12. MEA: PEST Analysis
Figure 13. SAM: PEST Analysis
Figure 14. Video Analytics Market Ecosystem Analysis
Figure 15. Expert Opinion
Figure 16. Video Analytics Market Impact Analysis of Drivers and Restraints
Figure 17. Global Video Analytics Market
Figure 18. Global Video Analytics Market, Forecast and Analysis (US$ Mn)
Figure 19. Market Positioning- Top Five Players
Figure 20. Video Analytics Market, By Component (2021 and 2028)
Figure 21. Solution: Video Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Service: Video Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Video Analytics Market, By Deployment (2021 and 2028)
Figure 24. On Premise: Video Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Cloud Based: Video Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Video Analytics Market, By Application (2021 and 2028)
Figure 27. Crowd Management: Video Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Facial Recognition: Video Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Intrusion Detection: Video Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. License Plate Recognition: Video Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Motion Detection: Video Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Others: Video Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Video Analytics Market, By Vertical (2021 and 2028)
Figure 34. BFSI: Video Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Hospitality and Entertainment: Video Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Education: Video Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Manufacturing: Video Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Defense and Border Security: Video Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. Retail: Video Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Transportation and Logistics: Video Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. Others: Video Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. Global Video Analytics Market Breakdown, by Region, 2021 & 2028 (%)
Figure 43. North America: Video Analytics – Revenue and Forecast to 2028 (US$ Million)
Figure 44. North America: Video Analytics Revenue Share, By Component (2021 and 2028)
Figure 45. North America: Video Analytics Revenue Share, By Vertical (2021 AND 2028)
Figure 46. North America: Video Analytics Market Revenue Share, By Deployment (2021 AND 2028)
Figure 47. North America: Video Analytics Market Revenue Share, By Application (2021 and 2028)
Figure 48. North America: Video Analytics Revenue Share, by Key Country (2021 and 2028)
Figure 49. US: Video Analytics – Revenue, and Forecast to 2028 (US$ Million)
Figure 50. Canada: Video Analytics – Revenue, and Forecast to 2028 (US$ Million)
Figure 51. Mexico: Video Analytics – Revenue, and Forecast to 2028 (US$ Million)
Figure 52. Europe: Video Analytics – Revenue and Forecast to 2028 (US$ Million)
Figure 53. Europe: Video Analytics Revenue Share, By Component (2021 and 2028)
Figure 54. Europe: Video Analytics Revenue Share, By Vertical (2021 and 2028)
Figure 55. Europe: Video Analytics Market Revenue Share, By Deployment (2021 and 2028)
Figure 56. Europe: Video Analytics Market Revenue Share, By Application (2021 and 2028)
Figure 57. Europe: Video Analytics Revenue Share, by Key Country (2021 and 2028)
Figure 58. France: Video Analytics – Revenue, and Forecast to 2028 (US$ Million)
Figure 59. Germany: Video Analytics – Revenue, and Forecast to 2028 (US$ Million)
Figure 60. UK: Video Analytics – Revenue, and Forecast to 2028 (US$ Million)
Figure 61. Italy: Video Analytics – Revenue, and Forecast to 2028 (US$ Million)
Figure 62. Russia: Video Analytics – Revenue, and Forecast to 2028 (US$ Million)
Figure 63. Rest of Europe: Video Analytics – Revenue, and Forecast to 2028 (US$ Million)
Figure 64. Asia Pacific: Video Analytics – Revenue and Forecast to 2028 (US$ Million)
Figure 65. Asia Pacific: Video Analytics Revenue Share, By Component (2021 and 2028)
Figure 66. Asia Pacific: Video Analytics Revenue Share, By Vertical (2021 AND 2028)
Figure 67. Asia Pacific: Video Analytics Market Revenue Share, By Deployment (2021 AND 2028)
Figure 68. Asia Pacific: Video Analytics Market Revenue Share, By Application (2021 and 2028)
Figure 69. Asia Pacific: Video Analytics Revenue Share, By Key Country (2021 and 2028)
Figure 70. Australia Video Analytics Market, Revenue and Forecast To 2028 (US$ million)
Figure 71. China Video Analytics Market, Revenue and Forecast To 2028 (US$ million)
Figure 72. India Video Analytics Market, Revenue and Forecast To 2028 (US$ million)
Figure 73. Japan Video Analytics Market, Revenue and Forecast To 2028 (US$ million)
Figure 74. South Korea Video Analytics Market, Revenue and Forecast To 2028 (US$ million)
Figure 75. Rest of APAC video analytics market, Revenue and Forecast To 2028 (US$ million)
Figure 76. MEA: Video Analytics – Revenue and Forecast to 2028 (US$ Million)
Figure 77. MEA: Video Analytics Revenue Share, By Component (2021 and 2028)
Figure 78. MEA: Video Analytics Revenue Share, By Vertical (2021 AND 2028)
Figure 79. MEA: Video Analytics Market Revenue Share, By Deployment (2021 AND 2028)
Figure 80. MEA: Video Analytics Market Revenue Share, By Application (2021 AND 2028)
Figure 81. Middle East and Africa: Video Analytics Revenue Share, By Key Country (2021 and 2028)
Figure 82. Saudi Arabia Video Analytics Market, Revenue and Forecast To 2028 (US$ million)
Figure 83. UAE Video Analytics Market, Revenue and Forecast To 2028 (US$ million)
Figure 84. South Africa Video Analytics Market, Revenue and Forecast To 2028 (US$ million)
Figure 85. Rest of MEA Video Analytics Market, Revenue and Forecast To 2028 (US$ million)
Figure 86. SAM: Video Analytics – Revenue and Forecast to 2028 (US$ Million)
Figure 87. SAM: Video Analytics Revenue Share, By Component (2021 and 2028)
Figure 88. SAM: Video Analytics Revenue Share, By Vertical (2021 AND 2028)
Figure 89. SAM: Video Analytics Market Revenue Share, By Deployment (2021 AND 2028)
Figure 90. SAM: Video Analytics Market Revenue Share, By Application (2021 AND 2028)
Figure 91. SAM: Video Analytics Revenue Share, by Key Country (2021 and 2028)
Figure 92. Brazil: Video Analytics – Revenue, and Forecast to 2028 (US$ Million)
Figure 93. Argentina: Video Analytics – Revenue, and Forecast to 2028 (US$ Million)
Figure 94. Rest of SAM: Video Analytics – Revenue, and Forecast to 2028 (US$ Million)
Figure 95. Impact of COVID-19 Pandemic in North American Country Markets
Figure 96. Impact of COVID-19 Pandemic in European Country Markets
Figure 97. Impact of COVID-19 Pandemic in APAC Country Markets
Figure 98. Impact of COVID-19 Pandemic in MEA Country Markets
Figure 99. Impact of COVID-19 Pandemic in SAM Country Markets
The List of Companies - Video Analytics Market
- Avigilon Corporation
- AXIS COMMUNICATIONS
- Agent Video Intelligence Ltd.
- Honeywell International Inc
- AllGoVision Technologies Pvt. Ltd
- Hangzhou Hikvision Digital Technology Co., Ltd.
- Dahua Technology Co., Ltd.
- Huawei Technologies Co., Ltd.
- NEC Corporation
- BriefCam
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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