Video Analytics Market Updates

Video Analytics Market size was valued at USD 8.9 Billion in 2023 and is poised to grow from USD 10.88 Billion in 2024 to USD 54.67 Billion by 2032, growing at a CAGR of 22.3% during the forecast period (2025-2032).

Growing emphasis on improving security around the world is projected to primarily augment the sales of video analytics which is why market players should target the defense and government industries. Integrating advanced technologies to improve analytical capabilities of offering will also be a major trend among video analytics companies. Collaborations are also expected to be popular strategies for companies looking to expand their global market presence.  'Avigilon Corporation (Canada) ', 'Axis Communications AB (Sweden) ', 'Cisco Systems, Inc. (U.S.) ', 'International Business Machines Corporation ', 'Aventura Technologies Inc. ', 'Qognify ', 'Puretech Systems Inc. ', 'AllGoVision Technologies Pvt. Ltd. ', 'Honeywell International Inc. (U.S.) ', 'Agent Video Intelligence Ltd. (U.S.) ', 'AllGoVision Technologies Pvt. Ltd (India) ', 'Earth Water Limited (U.S.) ', 'Genetec Inc., (Canada) ', 'Intellivision (U.S.) ', 'Intuvision Inc., (U.S.)'

Growing incidents of thefts and other crimes have led to high demand for better round-the-clock surveillance around the world. Video analytics help identify such incidents and even potentially avoid them by providing deep insights from video surveillance footage thereby driving market growth.  

Behavioral Analysis: Video analytics companies should focus on offering behavioral analysis to improve the real-time detection capabilities of security solutions. Identifying a potential threat through behavioral analysis will become a popular trend in the future, which is why video analytics companies should start wokring on perfecting it soon.    

North America is anticipated to account for a dominant share of the global video analytics market. High adoption of advanced analytics, presence of key video analytics providers, and high government spending on defense and surveillance are key factors that help the dominance of this region. The United States is projected to be the most opportune market in this region followed by Canada. Emphasis on improving retail infrastructure and retail experience enhancement is also expected to create new opportunities for video analytics companies in this region.