What is Video Detection Management Software?
Video Detection Management Software is a comprehensive analytic tool that are designed to automatically recognize or detect a certain event, vehicle, or person. These software programmes are integrated with machine learning, deep learning, artificial intelligence, and other sophisticated analytical algorithms. This allows the video detection management software to provide automated traffic monitoring, facial recognition, intrusion management, crowd management, and many other related applications. Growing adoption of edge computing based solutions and rising investments in the smart camera infrastructure has led to the incremental growth of the video detection management software market. North America is the largest market of video detection management software.
The market study is broken down, by Application (Traffic Monitoring, Intrusion Management, Crowd Management, Facial Recognition, Number Plate Recognition and Others) and major geographies with country level break-up.
Governments around the world along with private and individual property owners are setting up cameras for remote monitoring. But, lack of event identification has led to the emergence of video detection management software market. Growing adoption of edge computing based solutions, as well as integration of artificial intelligence have been major reasons for the expansion of video detection management software. North America is currently the largest market of video detection software. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Axis Communications AB (Sweden), Motorola Solutions, Inc. (United States), Honeywell International Inc. (United States), Teledyne Flir LLC (United States), Genetec (Canada), Bosch Security (Germany), AllGoVision Technologies (India), Qognify (United States), Hangzhou Hikvision Digital Technology Co., Ltd. (China) and Digital Barriers (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are KiwiSecurity Software GmbH (Austria), i2V (India) and Gorilla Technology (Taiwan).
AdvanceMarketAnalytics has segmented the market of Global Video Detection Management Software market by Type, Application and Region.
On the basis of geography, the market of Video Detection Management Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Use, the sub-segment i.e. City Municipality will boost the Video Detection Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Services will boost the Video Detection Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment , the sub-segment i.e. On Cloud will boost the Video Detection Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2021, Atos, a France based multinational information technology service and consulting company has announced acquisition of Ipsotek, a United Kingdom based leading AI enhanced video analytics software provider. The deal will significantly benefit Ipsotek along with Atos, Atosís expertise in edge and ml based solutions will help Ipsotek improve the performance of its solutions. Similarly, the acquisition of Ipsotek will enhance the portfolio of Atos.
In 2018, Nortek Security & Control, LLC, a United States based leader in wireless Security, Home Automation and Personal Safety systems and devices has announced acquisition of IntelliVision Technologies Corp., which pioneers in artificial intelligence based smart cameras and deep learning based video analytics software solutions. The acquisition is huge complement to Nortekís existing solutions and will aid Nortek in accelerating the growth.
- Integration of Artificial Intelligence
- Increasing Investments in Smart Cameras and Digital Analytics Systems
- Cheaper Costs Compared to Physical Persons
- Integration of IoT Applications may open up a Possibility of a Broader Market
- High Cost of Setup of Video Detection Management Software
- Increasing Number of Players in Market Possess Fierce Competition Pressure
Key Target AudienceVideo Detection Management Software Developers and Providers, New Entrants/Investors, Venture Capitalists and Private Equity Firms and End-Use Industries
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as Axis Communications AB (Sweden), Motorola Solutions, Inc. (United States), Honeywell International Inc. (United States), Teledyne Flir LLC (United States), Genetec (Canada), Bosch Security (Germany), AllGoVision Technologies (India), Qognify (United States), Hangzhou Hikvision Digital Technology Co., Ltd. (China) and Digital Barriers (United Kingdom) etc.
2. Can we have customized study for Video Detection Management Software Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of Video Detection Management Software Market by 2026?
Analysts at AMA estimates Video Detection Management Software Market to reach USD Million by 2026.