Asia-Pacific Video Analytics Market: Analysis Report, Share, Trends and Overview 2021-2027

 

Asia-Pacific video analytics market is estimated to grow significantly at a CAGR of around 27.6% during the forecast period. The growth of the Asia-Pacific video analytics market is primarily being driven by China and India’s fast-paced economies and significant demand for city surveillance solutions. China, India, Japan, Australia, Korea, and Taiwan are the key regions growing at a significant rate due to increasing demand for public safety and security. Adoption of innovative video analytics technology and automation software is driving the global video analytics market in the Asia-Pacific region. The video surveillance systems in the Asia-Pacific region are improving significantly and expected to contribute to the global video analytics market.

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Asia-Pacific video analytics market is full of opportunities and considered to be the most emerging market due to rising demand for improved security arrangements, increasing incidences of shoplifting, robbery and theft and other crimes. Asia-Pacific region is growing at a modest rate due to various factors such as the ever-growing requirement of organizations to get actionable insights in real-time and increasing demand for technologically enhanced public safety infrastructure. Improving security system, prevalence robbery, shoplifting and investment from private players and government are expected to drive the Asia-Pacific region in the next few years. Asia-Pacific ANPR (automatic number plate recognition) system market is predicted to contribute highest in the growth of the video analytics market followed by the face recognition market due to huge traffic management demand and favorable government policies.

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The companies which are contributing to the growth of the Asia-Pacific video analytics market include Bosch Security Systems, Inc., Cisco Systems, Inc., Hanwha Techwin, IBM Corp., and Canon Inc. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market.

Asia-Pacific Video Analytics Market- Segmentation

By Deployment Type

·        Cloud-based

·        On-Premises

By Application

·        Banking, Financial Services, and Insurance (BFSI)

·        Healthcare

·        Retail

·        Government & Defense

·        Traffic Management

·        Others (Surveillance)

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Asia-Pacific Video Analytics Market– Segment by Region

·        China

·        Japan

·        India

·        Rest of Asia-Pacific

Company Profiles

·        Aventura Technologies, Inc.

·        Bosch Security Systems, Inc.

·        BriefCam Ltd.

·        Canon Inc.

·        Cisco Systems, Inc.

·        Hanwha Techwin

·        Honeywell International Inc.

·        IBM Corp.

·        IntelliVision (Nortek Security & Control LLC)

·        Sony Corp.

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