According to the research report titled ‘Global Video Analytics Market 2021-2028’, available with MarketStudyReport, global video analytics market is projected to expand with a CAGR of 16.05% over 2021-2028.
 

As per the report findings, global video analytics market growth can be ascribed to increasing installations of surveillance cameras, rising cognizance about various benefits offered by security cameras, and surging demand for public safety solutions.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3584750/
 

Further, growing usage of video analytics in the healthcare business is opening numerous prospects for market players. Speaking of challenges, lack of awareness, privacy concerns, and hefty costs of setup and support hardware are anticipated to hinder the industry expansion in the coming years.
 

Based on software type, the market is divided into detection software (object detection software, motion detection software, others), applications of detection software, recognition software (license plate recognition software, facial recognition software), applications of recognition software, crowd management software, and applications of crowd management software.
 

As per application spectrum, the industry segmentation is comprised of government, government application by software type, commercial, commercial application by software type, transport & logistics, transport & logistics application by software type, and others.
 

Elaborating on regional outlook, North America currently accounts for a sizeable portion of the overall video analytics market share, owing to increasing measures undertaken by the government to enhance safety in administrative buildings and high-security areas.
 

Further, authorities in the region are increasingly accepting video analytics solutions to avoid security breaches. Besides, strong presence of leading video analytics firms is also adding to the regional market expansion.
 

Considering country-level bifurcation, U.S., Canada, U.K., France, Germany, Italy, Spain, Russia, India, China, South Korea, Japan, ASEAN Countries, Australia & New Zealand, Brazil, Mexico, UAE, Saudi Arabia, Israel, and South Africa are the major geographies highlighted in the research document.
 

Coming to the competitive landscape, Verint Systems, Mobotix AG, IntelliVision, IBM Corporation, i2V Systems Pvt. Ltd., Huawei, Honeywell International Inc., Hangzhou Hikvision Digital Technology Co., Ltd., and Gorilla Technology Group Inc. are among the leading firms influencing worldwide video analytics industry trends.