Video Analytics Market Size Worth USD 73.17 Billion by 2034 | CAGR: 19.38%

The video analytics market size is expected to reach USD 73.17 billion by 2034, according to a new study by Polaris Market Research. The report “Video Analytics Market Share, Size, Trends, Industry Analysis Report: By Type (Software and Service), By Deployment Mode, By Application, By End Use, and By Region; Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Video Analytics is a technology that employs artificial intelligence and specialized algorithms to automatically analyze digital video content, allowing for the extraction of actionable insights from video streams in real time or post-event. It can detect, track, and categorize objects such as people, vehicles, and behaviors within a scene, generating metadata that transforms raw footage into useful business intelligence. Its usage spans a wide array of applications, most prominently within security and surveillance, where it automates the identification of suspicious activities, intrusion detection, and emergency event recognition. In addition, it is widely applied in retail intelligence (for customer flow analysis and queue management), traffic monitoring (including vehicle counting and license plate recognition), smart city infrastructure, and healthcare operations.

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Video analytics allows organizations to proactively respond to threats, evaluate operational efficiency, manage crowds, and extract demographic data, thereby enhancing decision-making processes and delivering significant improvements in safety, productivity, and customer experience.

Top of FormVideo Analytics Market Report Highlights

• In terms of type, the software segment accounted for a major revenue share in 2024 due to organizations across industries increasingly adopted advanced software solutions for real-time monitoring, pattern recognition, and incident detection.
• Based on deployment mode, the on-premise segment held the largest revenue share in 2024 due to its security, reliability, and control.
• In terms of application, the intrusion detection segment dominated the revenue share in 2024 due to rising focus on strengthening security and preventing unauthorized access across critical facilities.
• Based on end use, the city surveillance segment accounted for a major revenue share in 2024 due to increasing smart city initiatives to strengthen public safety and crime prevention.
• North America video analytics market held 31.11% of the global video analytics market share in 2024. This dominance is attributed to rapid digital transformation across industries, strong investments in smart city infrastructure, and high emphasis on public safety and security.
• The Asia Pacific market is projected to hold a significant revenue share in 2034, driven by expanding urbanization and smart city projects.
• A few global key market players include AllGoVision Technologies Pvt. Ltd; Avigilon; Axis Communications AB; Cisco Systems, Inc.; Dahua Technology; Genetec Inc.; Gorilla Technology Inc.; Honeywell International Inc.; IBM Corporation; Irisity AB; and Milestone Systems.

Polaris Market Research has segmented the market report on the basis of type, deployment mode, application, end use, and region:

By Type Outlook (Revenue, USD Billion, 2020–2034)

• Software
• Services

By Deployment Mode Outlook (Revenue, USD Billion, 2020–2034)

• Cloud
• On-premise

By Application Outlook (Revenue, USD Billion, 2020–2034)

• Crowd Management
• Facial Recognition
• Intrusion Detection
• Motion Detection
• License Plate Recognition
• Others

By End Use Outlook (Revenue, USD Billion, 2020–2034)

• BFSI
• City Surveillance
• Critical Infrastructure
• Education
• Hospitality & Entertainment
• Manufacturing
• Defense & Border Security
• Retail
• Traffic Management
• Transportation & Logistics
• Others

By Regional Outlook (Revenue, USD Billion, 2020–2034)

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Netherlands
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Malaysia
  • South Korea
  • Indonesia
  • Australia
  • Vietnam
  • Rest of Asia Pacific
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Israel
  • South Africa
  • Rest of Middle East & Africa
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America