About Audio and Video Analytics Software
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.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
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. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Audio and Video Analytics Software market throughout the forecasted period. 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.
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 coverage are Viseum (United Kingdom), KiwiSecurity (Austria), Senstar (Canada) and DELOPT (India).
Segmentation Overview
AMA Research has segmented the market of Global Audio and Video Analytics Software market by Type (Edged-Based and Server-Based), Application (Intrusion Management, Incident Detection, People/Crowd Counting, Traffic Monitoring and Others) 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 2023. If we see Market by Deployment Mode, the sub-segment i.e. On-Premises will boost the Audio and Video Analytics Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User Industry, the sub-segment i.e. BFSI will boost the Audio and Video Analytics Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Inefficiency of Surveillance Authorities to Physically Monitor and Recognize Suspicious Events and Growing adoption of Artificial Intelligence (AI), Internet of Things (IoT) and Machine Learning (ML) for security systems
Market Growth Drivers:
An Increase in Demand for IP-Based Security Cameras and Demand for Enhanced Video Surveillance
Challenges:
Problems in Isolated and Remote Locations and High Initial Costs of Investment, Installation, and Maintenance
Restraints:
Increasing Cyberattacks and Data Theft Activities and Government Regulations Related To CCTV Surveillance
Opportunities:
Increasing Investment for Smart City Development from Government Bodies and Private Construction Companies
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.
Key Target Audience
Software Providers, Technology Providers, End-User Industry, Governmental Bodies and Others
About Approach
To 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 a 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 the purpose to understand the companies positioning regarding the 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 a 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, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.