Video analytics is a technique that uses a unique algorithm to evaluate a digital signal to perform a security-related function. It provides security to key infrastructures based on a robust method of recognizing and detecting intruders, creating an alarm upon detection of a specific sort of activity. The healthcare sector has begun to appreciate the benefits of video analytics. Foot traffic past a closed drugstore, for example, may be deemed typical in the evening. However, loitering around the drugstore entrance might indicate a break-in is imminent. A fence-climbing alarm is another example of applied video analytics.
Dahua Technology Co. LTD, Hangzhou Hikvision Digital Technology Co., Ltd., Honeywell International Inc, Huawei Technology, NEC Corporation– Prominent Market Participants in Video Analytics Market
The digitalization of CCTV systems has enhanced the effectiveness and capabilities of surveillance imaging systems for security purposes. Such enhanced CCTV systems combined with automation and intelligence are deployed as strong and responsive management tools. A strong gadget has been devised by some manufacturers for detecting intruders by applying computer processing capabilities to CCTV photos. CCTV systems are also being integrated with other access control and surveillance technologies to establish an efficient multifunctional system for asset security. Video content analysis (VCA) or video analytics (VA) is a relatively new feature of intelligent CCTV that can be used in various analytical applications, such as dynamic masking, motion estimation, motion detection, and object recognition.
Public transportation industries in many countries are seeing significant government investments in public safety, as these industries are prone to various mishaps and crimes. According to Axis Communications’ poll 2021, 97% of respondents from 30 countries had security cameras installed in their vehicles. The Vias Institute, a Belgian research center for road safety and security, and Room40, a firm that specializes in security monitoring analytics, are planning to use the scene analytics technology to collaboratively address challenges on roads and in other public areas of Belgium. Thus, rising public awareness and increased public safety concerns drive the video analytics market growth.
The top five companies in the market Dahua Technology Co. LTD, Hangzhou Hikvision Digital Technology Co., Ltd., Honeywell International Inc, Huawei Technology, NEC Corporation. The above listing of key players is derived by considering multiple factors such as overall revenue, current well completion equipment and services portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions, and other joint activities. A few of the important market initiatives and product developments from the industry are mentioned below:
| Year | News |
| 2022 | Huawei Technologies (Thailand) Co., Ltd. has been chosen for the Special Prime Minister Award and recognized as “Digital International Corporation of the Year”. The award acknowledges Huawei Thailand for its valuable support and outstanding contributions to Thai society since its establishment in the country. |
| 2022 | INSEC Security announced a new partnership agreement with BriefCam. Together, the two companies will support the integration of the BriefCam Video Content Analytics Platform for regional projects and will operate a training certification program to foster local video analysis expertise. |
| 2021 | Agent Vi has partnered with Axis to offer end-to-end intelligent video surveillance solutions for real-time event detections and alerts, video investigation, and business intelligence applications. |
