Key Findings
The Europe video analytics market is predicted to record a CAGR of 14.38% during the forecast period, 2021-2028. The rising installments of video surveillance systems, increasing volume of unstructured video data, surging demand for smart cities, and several initiatives by key vendors, propel market growth.
Market Insights
Russia, the United Kingdom, France, Italy, Poland, Belgium, Germany, and Rest of Europe are analyzed for the Europe video analytics market growth assessment. Germany projects considerable growth in the video surveillance sector, transitioning from analog cameras to IP cameras. This is further attributed to the technology upgradation and the replacement of existing surveillance systems. Germany hosts many international sports events, thereby needing to ensure the safety of visitors and residents. At present, video surveillance is dependent on the federal structure of the country. In France, the rising concerns in accordance to fighting terrorism and crime enable market growth, along with growing interest in the adoption of advanced technology equipment, and increased funding. Also, the government plans to develop a surveillance security and monitoring culture for identifying the most sensitive locations and ensuring appropriate protection of national interests and citizens. Its efforts to deploy video surveillance systems with number plate recognition and facial recognition majorly influence market growth.
With the Russian economy emerging from crisis due to increased oil prices, there has been increased investment in high-end security solutions and the surveillance industry. The integration of video analytics software with several installations, and the replacement of analog cameras with IP cameras, have fueled the technological growth. Such factors are expected to facilitate market growth.
Competitive Insights
Some of the leading companies in the market include, IntelliVision, Mobotix, Bosch GmbH, Cisco, Verint, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation cater to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments