Middle East & Africa Video Analytics Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Component (Solution and Service), Deployment (On premise and Cloud based), Application (Crowd Management, Facial Recognition, Intrusion Detection, Li

Middle East & Africa Video Analytics Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Component (Solution and Service), Deployment (On premise and Cloud based), Application (Crowd Management, Facial Recognition, Intrusion Detection, License Plate Recognition, Motion Detection, and Others), and Vertical (BFSI, Education, Hospitality and Entertainment, Manufacturing, Defense and Border Security, Retail, Transportation and Logistics, and Others)

The Middle East & Africa video analytics market is expected to grow from US$ 291.18 million in 2022 to US$ 813.85 million by 2028; it is estimated to grow at a CAGR of 18.7% from 2022 to 2028.
IP-based surveillance systems, high-resolution IP cameras, and network video recorders are increasingly being used in video management systems. An increase in IP infrastructure, a rise in tele density, and a demand for remote access are the factors encouraging developments in IP-based security solutions. As a result, companies in the video analytics market are expanding their product portfolios to include IP-based security cameras with integrated video analytics functions. For example, in October 2020, Bosch released IP 3000i Cameraswith a built-in video analytics system. The integration of IP-based security cameras with video analytics enables remote access, smart data capture, blocked emergency exit or queue notifications, intrusion detection, crowd management, and facial recognition. IP-based security cameras are used in retail spaces for behavior analytics and demographics. Thus, the need for video analytics solutions is growing with the elevating deployment of IP-based security cameras across various sectors. Because it is prone to a variety of mishaps and crimes, the public transportation industry is seeing significant government investments in public safety. In addition, various institutes and businesses are collaborating to develop innovative solutions.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Middle East & Africa video analytics market. The Middle East & Africa video analytics market is expected to grow at a good CAGR during the forecast period.
Middle East & Africa Video Analytics Market Revenue and Forecast to 2028 (US$ Million )

Middle East & Africa Video Analytics Market Segmentation

The Middle East & Africa video analytics market is segmented into component, deployment, application, vertical, and country. Based on component, the Middle East & Africa video analytics market is divided into solution and service. The solution segment would dominate the Middle East & Africa video analytics market in 2022. By deployment, the Middle East & Africa video analytics market is categorized into on premise and cloud based. The cloud-based segment would dominate the Middle East & Africa video analytics market in 2022. In terms of application, the Middle East & Africa video analytics market is categorized into crowd management, facial recognition, intrusion detection, license plate recognition, motion detection, and others. The crowd management segment would dominate the Middle East & Africa video analytics market in 2022. From vertical point of reference, the Middle East & Africa video analytics market is categorized into BFSI, education, hospitality and entertainment, manufacturing, defense and border security, retail, transportation and logistics, and others. The defense and border security segment would dominate the Middle East & Africa video analytics market in 2022. Based on country, the Middle East & Africa video analytics market is segmented into Saudi Arabia, South Africa, the UAE, and Rest of Middle East & Africa. Saudi Arabia would dominate the Middle East & Africa video analytics market in 2022.
Key players operating in the Middle East & Africa video analytics market are Avigilon Corporation; AXIS COMMUNICATIONS; Agent Video Intelligence Ltd.; Honeywell International Inc.; AllGoVision Technologies Pvt. Ltd.; Hangzhou Hikvision Digital Technologies Co., Ltd.; Huawei Technologies Co., Ltd.; NEC Corporation; and BriefCam, by Altair, among others.

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