At 18.7% CAGR, the Middle East & Africa Video Analytics Market is projected to be worth US$ 813.85 million by 2028, says Business Market Insights           

According to Business Market Insights’ research, the Middle East & Africa video analytics market was valued at US$ 291.18 million in 2022 and is expected to reach US$ 813.85 million by 2028, registering an annual growth rate of 18.7% from 2022 to 2028. Evolving adoption of IP-based security systems is public safety applications and progression demand for teal-time monitoring.               

The rising availability of cameras with high resolutions, such as 4K or 8K, allows businesses to perform more precise and sophisticated video analyses. High resolutions aid in the correct identification and analysis of objects/people in crowds, triggering alerts when circumstances are ticked. These high-resolution cameras are also capable of filtering and searching videos and extracting insights from video information. Owing to high resolution, improved vision angle, sustainability, and technology compatibility, high-definition (HD) cameras are increasingly being used in the security business. Furthermore, higher pixel characteristics provide superior digital zoom capabilities to improve long-range vision, thereby favoring the detailed analysis of the behavior of people, crowds, and vehicles. This is expected to drive the market during the forecast period.

On the contrary, concerns regarding cybersecurity hurdles the growth of Middle East & Africa video analytics market. 

• Based on Component, the Middle East & Africa video analytics market is divided into solution and service. The solution video analytics segment held 70.6% market share in 2022, amassing US$ 205.65 million. It is projected to garner US$ 584.28 million by 2028 to expand at 19.0% CAGR during 2022–2028.    
• Based on Deployment, the Middle East & Africa video analytics market is categorized into on premise and cloud based. The cloud-based segment held 60.8% market share in 2022, amassing US$ 176.94 million. It is projected to garner US$ 512.45 million by 2028 to expand at 19.4% CAGR during 2022–2028.
• Based on 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 held 23.6% market share in 2022, amassing US$ 68.81 million. It is projected to garner US$ 198.33 million by 2028 to expand at 19.3% CAGR during 2022–2028.
• Based on Vertical, 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 held 28.0% market share in 2022, amassing US$ 81.39 million. It is projected to garner US$ 240.39 million by 2028 to expand at 19.8% CAGR during 2022–2028
• Based on country, the Middle East & Africa video analytics market has been categorized into the Saudi Arabia, South Africa, UAE, and Rest of Middle East & Africa.  Our regional analysis states that Saudi Arabia captured 39.9% market share in 2022. It was assessed at US$ 116.19 million in 2022 and is likely to hit US$ 319.93 million by 2028, exhibiting a CAGR of 18.4% during the forecast period.            

Key players dominating 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, among others.

• In Aug 2021, HIKCENTRAL PROFESSIONAL PLATFORM DELIVERS CENTRALIZED VIDEO AND ACCESS CONTROL SYSTEM MANAGEMENT AND ANALYSIS.
• In Mar 2022, Huawei Thailand receives prestigious Prime Minister Award as Digital International Corporation of the Year.

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com