The global Video Analytics Software Market was valued at USD 7.95 billion in 2023 and grew to USD 9.62 billion in 2024, registering a strong 21.0% year-over-year growth. Rising AI-based surveillance, smart city investments, and retail analytics adoption are accelerating demand. By 2025, revenues are projected to cross USD 11.7 billion, with long-term forecasts estimating USD 34.8 billion by 2032, reflecting a 21.6% CAGR (2024–2032).

Globally, over 1.2 billion surveillance cameras were operational in 2024, up from 770 million in 2019, representing a 56% increase in five years. Nearly 63% of new cameras installed in 2024 supported AI-enabled analytics, directly boosting the Video Analytics Software Market.

Historical Market Performance (2015–2024)

The Video Analytics Software Market has expanded rapidly with AI and cloud computing integration.

Between 2015 and 2024, the market grew more than 4.5×, adding USD 7.5 billion in annual revenue.

Year-Over-Year Growth Drivers

Quantifiable demand indicators include:

• Smart city spending exceeded USD 640 billion globally in 2024, up 12% from 2023
• Retail shrinkage losses reached USD 112 billion worldwide, prompting 18% higher analytics adoption
• Airport passenger traffic rose 26% in 2023, increasing security surveillance deployment
• Enterprise AI spending increased 29% year-over-year in 2024

Organizations deploying video analytics reported 35% reduction in security incidents and 22% faster incident response times, accelerating the Video Analytics Software Market expansion.

Market Segmentation (2024)

By Deployment

• Cloud-based solutions: 58% market share
• On-premise solutions: 42%

Cloud deployment generated USD 5.58 billion in revenue in 2024, growing at 24.5% CAGR.

By Application

• Security & surveillance: 46%
• Retail analytics: 18%
• Traffic monitoring: 15%
• Industrial operations: 11%
• Others: 10%

Retail video analytics adoption grew 19% year-over-year in 2024, with conversion rate improvements averaging 14%.

Regional Market Breakdown

North America leads due to AI investment exceeding USD 75 billion in 2024. Asia Pacific is the fastest-growing region at 24.8% CAGR, supported by smart city initiatives across China and India. China alone accounts for over 540 million surveillance cameras, representing nearly 45% of global installations.

Industry & Company Statistics

Enterprise adoption is accelerating:

• Average annual enterprise subscription cost: USD 18,000–USD 75,000
• Global annual software licenses sold: over 420,000 in 2024
• Video data processed daily exceeded 4.1 exabytes globally

Major AI software providers reported 18–32% revenue growth in 2024, while cybersecurity-focused analytics firms achieved 27% YoY growth. Subscription-based SaaS models accounted for 64% of total market revenue.

Technology & Innovation Trends

AI & Deep Learning

Object detection accuracy improved from 82% in 2016 to 97% in 2024. Facial recognition systems now operate with 98% precision under controlled conditions.

Edge Computing

Edge-based analytics reduced bandwidth consumption by 38% and latency by 41%, improving real-time monitoring efficiency.

Behavioral & Predictive Analytics

Predictive crowd management systems lowered safety incidents by 28% at major events in 2024. Behavioral anomaly detection adoption increased 33% year-over-year.

Over 71% of new deployments in 2024 included AI-based behavioral analytics, reinforcing growth in the Video Analytics Software Market.

Government Investments & Public Sector Spending

Governments are major contributors to demand:

• U.S. federal and state agencies allocated USD 6.2 billion in surveillance modernization in 2024
• European Union smart infrastructure funding exceeded €8.5 billion
• India invested USD 1.9 billion in urban surveillance projects
• Middle Eastern governments allocated USD 3.4 billion toward AI security systems

Public sector contracts accounted for 39% of total market revenue in 2024.

Future Forecast (2025–2032)

The Video Analytics Software Market is projected to expand significantly.

By 2030, global AI-enabled cameras are expected to exceed 2.1 billion units. Enterprise adoption rates are projected to surpass 68% of large organizations.

Production & Data Infrastructure Outlook

Data center expansion supports scalability. Global data center capacity reached 1,200 GW in 2024, growing 14% annually. Cloud storage costs declined 11% year-over-year, making large-scale video processing economically feasible.

AI chip production for edge analytics increased 36% between 2022 and 2024, reducing inference time by 25%. These infrastructure improvements continue to strengthen the Video Analytics Software Market.

Data-Driven Conclusion

The Video Analytics Software Market has expanded from USD 2.10 billion in 2015 to USD 9.62 billion in 2024, fueled by AI adoption, smart city investments, and rising security needs. By 2032, revenues are projected to reach USD 34.8 billion, representing over 3.6× growth within eight years.

With 1.2 billion active cameras, 97% object detection accuracy, 24.8% Asia-Pacific CAGR, and 64% SaaS revenue share, the industry demonstrates strong structural momentum. Expanding AI capabilities, edge computing adoption, and public sector investments will continue driving double-digit growth throughout the forecast period.

Read Full Research Study: https://marketintelo.com/report/video-analytics-software-market

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