Market Share of Video Analytics Industry
The market is quite fragmented and moving toward a consolidated market format, owing to prominent vendors who can spend on R&D to improve their offerings. The companies include artificial intelligence and machine learning to enhance their offerings. The major companies include Axis Communications AB, Avigilon Corporation (Motorola Solutions), Cisco Systems Inc., IBM Corporation, and Aventura Technologies Inc. Some of the latest developments in the market are:
- In September 2022, Honeywell launched the latest iteration of its Pro-Watch Integrated Security Suite, including Pro-Watch 6.0 and Pro-Watch Video Management System (VMS) R750, along with the 35 Series cameras that will round out its portfolio of cameras that work in NDAA-compliant systems, at the Global Security Exchange (GSX) 2022. Honeywell Pro-Watch 6.0 is the latest iteration of the Honeywell Pro-Watch Integrated Security Suite, enabling higher levels of compliance for highly regulated industries without adding work to security teams.
- In March 2022, Senstar, a world leader in video management solutions and perimeter intrusion detection systems (PIDS), announced that it had opened a software development branch in Timisoara, Romania. A development center in the EMEA region will allow the company to holistically address its customers' unique needs and develop related products and solutions.
Video Analytics Market Leaders
Axis Communications AB
Cisco Systems , Inc.
International Business Machines Corporation
Aventura Technologies Inc.
Avigilon Corporation (Motorola Solutions)
*Disclaimer: Major Players sorted in no particular order
