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Innovative Business Opportunities Evolving the Asia-Pacific Video Analytics Market, 2020
Future Growth Potential from Emerging Growth Opportunities in Artificial Intelligence and Cloud
27-Nov-2020
Asia Pacific
Market Research
PB57-01-00-00-00
IT04178-AP-MT_24783
The video analytics market has been growing at double-digit rates in Asia-Pacific (APAC) in the past few years. This is due to expanding video analytics application areas and widespread adoption in IoT devices for its capabilities. Video analytics solutions analyze data generated, e.g., from IoT surveillance devices in industries, city surveillance devices, and social media, to enable users to draw greater data insights. They help automate tasks and offer users high-end benefits at lower costs and with better service delivery. Vendors in APAC have introduced improved video surveillance systems offering video analytics capabilities such as object detection, motion detection, facial recognition, crowd detection, and management as key applications. Emerging video analytics use cases include quality assurance, process improvement, and inventory management.
Video analytics has tremendous applicability in industries like transportation, healthcare, retail, security and surveillance, and defense intelligence. In particular, Frost & Sullivan predicts industries like retail, law enforcement, and transportation and logistics to witness an uptake of video analytics solutions over the next 3 years. This is partially due to their wide-scale deployment of IoT devices.
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top Three Strategic Imperatives on the Video Analytics Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Video Analytics Market Overview
Growth Drivers for Video Analytics Market
Market Restraints for Video Analytics Market
Video Analytics Market—Trend 1: Software-centric Ecosystem and Strategic Partnerships Creating Customer Value
Video Analytics Market—Trend 2: Surveillance and Security Emerging as Vendors’ Top Product Functionality Focus
Video Analytics Market—Trend 3: Video Analytics Architecture Shifting toward a Distributed Environment
Video Analytics Market—Trend 4: Covid-19 Pandemic Accelerating Video Analytics Deployments and Potential Use Cases
key Verticals Adopting Video Analytics Solutions
key Verticals Adopting Video Analytics Solutions (continued)
Key Vendor Activities—AI Focus
Key Vendor Activities—Cloud Deployment
Growth Opportunity 1: Edge Analytics for Rapid Processing Capabilities
Growth Opportunity 1: Edge Analytics for Rapid Processing Capabilities (continued)
Growth Opportunity 2: Moving toward more Open Platform Solutions
Growth Opportunity 2: Moving toward more Open Platform Solutions (continued)
Growth Opportunity 3: Cloud Integration in Video Analytics Solutions
Growth Opportunity 3: Cloud Integration in Video Analytics Solutions (continued)
Growth Opportunity 4: Integrators’ Role Vital to Meeting Customer Needs
Growth Opportunity 4: Integrators’ Role Vital to Meeting Customer Needs (continued)
List of Exhibits
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