Audio and Video Analytics Software Market Scope
Audio analytics software only recognizes and detects detailed acoustic patterns of sound and not actual speech. Audio analytics operate within the acoustic realm. Unlike video analytics, it can detect and identify different sounds even when the camera is pointing within the other way. Video Analytics Software uses mathematical processes to observe, analyze and manage large volumes of video. It digitally analyzes video inputs; transforming them into intelligent data which help in taking decisions. Intelligent Video Analytics may be real-time – configured to trace and provide alerts to specific incidents as they happen – or post-event – retrospectively looking for incidents that have already occurred. Increasing hours of video footage, combined with the bounds of human biology, make video analytics software essential to processing large amounts of video streams. Information is most respected when it's most needed, and is added as valuable because the incidents will be actively captured and acted upon in real-time. Video management systems assist security and surveillance personnel by monitoring video streams 24/7 and alerting them to the activity that needs attention.
The Audio and Video Analytics Software market study is segmented by Type (Edged-Based and Server-Based), by Application (Intrusion Management, Incident Detection, People/Crowd Counting, Traffic Monitoring and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Audio and Video Analytics Software market throughout the predicted period.
Adobe (United States), Aventura Technologies, Inc. (United States), Avigilon Corporation (Canada), AxxonSoft (United States), Bosch Sicherheitssysteme GmbH (Germany), Cisco Systems, Inc. (United States), Honeywell Corporation (United States), IBM Corporation (United States), Milestone Systems A/S (Denmark), Verint (United States), Agent VI (United States), AllGoVision (India), Genetec (Canada), i2V (India), IntelliVision (United States), intuVision (United States), PureTech Systems (United States), Qognify (United States), iOmniscient (Australia), BriefCam (United States), Digital Barriers (United Kingdom), IPSOTEK (United Kingdom), Gorilla Technology (Taiwan), Intelligent Security Systems (United States), Hikvision (China), Huawei (China), Dahua (China), Identiv (United States) and Axis Communications (Sweden) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Viseum (United Kingdom), KiwiSecurity (Austria), Senstar (Canada) and DELOPT (India).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AMA Research has segmented the market of Global Audio and Video Analytics Software market by Type, Application and Region.
On the basis of geography, the market of Audio and Video Analytics Software has been segmented into South America (Brazil, Argentina, Chile, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Singapore, Indonesia, Thailand, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, Sweden, Belgium, Finland, Denmark, Russia, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020.
Market Leaders and their expansionary development strategies
In February 2019, Cisco extended its partnership by signing a Joint Purpose Agreement (JPA) with the Telenor Group. In 2018, a strategic partnership was initiated for developing a model to explore smart city solutions in Norway.
In April 2020, Axis Communications expanded its business in Sweden. The company expanded its Research and Development (R&D) office for software development in Linköping, Sweden. This office will focus on the development of cloud solutions, new services, and introduce new solutions and systems for managing and analyzing video data. and In April 2019, Agent Vi introduced a new version of the innoVi. The new version enhances video analytics capabilities and includes real-time event detection based on user-defined rules, self-learning real-time anomaly detection, among other new and improved features.
- The Inefficiency of Surveillance Authorities to Physically Monitor and Recognize Suspicious Events
- Growing adoption of Artificial Intelligence (AI), Internet of Things (IoT) and Machine Learning (ML) for security systems
- An Increase in Demand for IP-Based Security Cameras
- Demand for Enhanced Video Surveillance
- Increasing Investment for Smart City Development from Government Bodies and Private Construction Companies
- Increasing Cyberattacks and Data Theft Activities
- Government Regulations Related To CCTV Surveillance
- Problems in Isolated and Remote Locations
- High Initial Costs of Investment, Installation, and Maintenance
Key Target AudienceSoftware Providers, Technology Providers, End-User Industry, Governmental Bodies and Others
Frequently Asked Questions (FAQ):
1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the Audio and Video Analytics Software Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2026.