Germany Video Analytics Market Trends, Research Report, Growth, Opportunities, Forecast 2021-2027

 

Germany video analytics market is estimated to grow considerably, at a CAGR of around 28.4%, during the forecast period. Germany is estimated to contribute significantly to the Germany Video Analytics Market over the forecast period owing to increasing terror attacks, which in turn, is rising the need for effective security and safety solutions. The Government of Germany also installing a video surveillance system with embedded video analytics software to improve the public safety and security of the nation. After the terror attack in central Berlin, the German government and agencies started to improve the security system by the support of video analytics software. Incidents such as the Bonn station bombing in 2012, when no footage was recorded, highlight the need for investment in cameras, and also in video management, storage and network infrastructure. The entry of 1.2 million migrants and increasing terror attacks are the major factors which are driving the growth of the video analytics market in this region.

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Face recognition technology is used in all the railway stations and airports of Germany to identify suspects from a central database. Face-recognition technology is already used in the Munich airport and other facilities, yet a larger-scale centralized system could be considered a landmark change in the use of video analytics technologies in Germany. In addition, there is increased demand for body worn cameras in Germany. High concern amongst the German public and the government regarding citizens’ privacy may have contributed to the growth of the video analytics market. Public safety schemes may be changing, as high-profile events such as the cologne train station assaults and the Munich mall shootings increase demand for a greater number of cameras.

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The companies which are contributing to the growth of the Germany video analytics market include AxxonSoft, Bosch Security Systems, Inc., Securiton GmbH, IBM Corp., and digivod GmbH. 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.

Germany 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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Company Profiles

·        AxxonSoft

·        Bosch Security Systems, Inc.

·        Canon Inc.

·        Cisco Systems, Inc.

·        Cognitech system

·        digivod GmbH

·        Honeywell International Inc.

·        IBM Corp.

·        Milestone Systems A/S

·        Qognify GmbH

·        Securiton GmbH

·        Sony Corp.

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