United Kingdom Video Analytics Market Insights Forecasts to 2033

• The UK Video Analytics Market Size was valued at USD 680.4 Million in 2023.
• The Market is Growing at a CAGR of 25.02% from 2023 to 2033
• The UK Video Analytics Market Size is Expected to reach USD 6348.4 Million by 2033

The U.K. Video Analytics Market is Anticipated to exceed USD 6348.4 Million by 2033, growing at a CAGR of 25.02% from 2023 to 2033.

Market Overview

Real-time processing of video using video analytics creates intelligent data. They are used to recognize and track objects, which can also be classified as people, cars, and other items in the video stream. They also automatically produce summaries for everything that is happening in the video (metadata). Analyzing hours of surveillance footage to find situations that are relevant to the search is much more doable with video analytics. By using video analytics, companies may reduce the strain on security and management personnel and improve the efficiency of their security monitoring operation. Analyzing hours of surveillance footage to find situations that are relevant to their search is much more doable with video analytics. By using video analytics, companies may reduce the strain on security and management personnel and improve the efficiency of the safety monitoring operation.

Report Coverage

This research report categorizes the market for the UK video analytics market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United Kingdom video analytics market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the U.K. video analytics market.

Driving Factors

Video analytics have a wide range of applications in various industries. Identifying people in a video or detecting particular items across many live stream cameras are just two examples of the many use cases where video content analysis makes it possible to automate manual processes. Additionally, the use of AI for video analysis has shown to be highly successful due to the quick developments in deep learning. Deep learning techniques are specifically used to identify particular activities and to detect and track objects in films. Furthermore, making an incorrect turn onto a road or highway presents a serious risk to one's safety. Video analytics can quickly identify and notify authorities of vehicles traveling the wrong way, allowing for timely intervention and the avoidance of possible collisions.

Restraining Factors

Strict laws have been implemented in numerous nations and areas to control the usage of surveillance cameras. These laws seek to uphold people's right to privacy and provide standards for the appropriate application of technology for video monitoring.

Market Segmentation

The UK video analytics market share is classified into application and type.

• The facial recognition segment is expected to hold the greatest market share through the forecast period.    

The U.K. video analytics market is segmented by application into intrusion management, incident detection, facial recognition, and traffic monitoring. Among these, the facial recognition segment is expected to hold the greatest market share through the forecast period. Through the use of digital photos stored in a database and real-time image comparison, facial recognition technology makes it simple to identify specific people. It is an essential component of video analytics software that is utilized for a number of tasks, including access control and people-finding. Personalized solutions based on past experiences with the company are frequently offered in physical stores by this technology.  

• The software segment is anticipated to hold a significant share of the United Kingdom video analytics market during the forecast period.       

Based on the type, the UK video analytics market is divided into software and services. Among these, the software segment is anticipated to hold a significant share of the United Kingdom video analytics market during the forecast period. Video analytics software helps users save money by automating video surveillance procedures. The market is expanding mainly because public and private companies are using analytics software more and more.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the U.K. video analytics market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Digital Barriers
• Ipsotek Ltd.
• Nexthink
• AxxonSoft
• Bosch Security Systems, Inc.
• Cisco Systems, Inc.
• IBM Corp.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In June 2022, an announcement was made by 3i Group plc ("3i") regarding its investment in Digital Barriers, a prominent supplier of IoVT (Internet of Video Things) security and surveillance solutions. Alongside previous investor Volpi Capital LLP, who held a minority position in the company, 3i invested.

Market Segment

This study forecasts revenue at the UK, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the United Kingdom Video Analytics Market based on the below-mentioned segments:

United Kingdom Video Analytics Market, By Application

• Intrusion Management
• Incident Detection
• Facial Recognition
• Traffic Monitoring

United Kingdom Video Analytics Market, By Type

• Software
• Services