Video Analytics Market Projected to Reach $22.6 Billion by 2028, Led by Avigilon, Axis Communications, and Cisco.

The video analytics market is expected to reach $22.6 billion by 2028, growing at a CAGR of 22.3%. The market is driven by increasing investments in public safety and the need to analyze unstructured video surveillance data in real-time. Top companies in the market include Avigilon, Axis Communications, Cisco, Honeywell, IBM, AllGoVision, Genetec, IntelliVision, and Gorilla Technology. The edge-based segment is expected to grow at the highest CAGR during the forecast period due to advancements in deep learning and the emergence of new powerful in-build chipsets in cameras.

The video analytics market is projected to reach $22.6 billion by 2028, according to a recent report by MarketsandMarkets™, growing at a Compound Annual Growth Rate (CAGR) of 22.3% during the forecast period [1]. This robust growth is primarily driven by increasing investments and focus on public safety, as well as the need to analyze unstructured video surveillance data in real-time.

Key drivers of the market include the growing demand for public safety solutions and the necessity to examine video surveillance data in real-time. The market is also seeing significant growth opportunities in the use of drone-based video analytics and the emergence of edge technologies and devices. These advancements are set to enhance the capabilities of video analytics, offering new business and traffic intelligence opportunities [1].

The edge-based segment is expected to grow at the highest CAGR during the forecast period, primarily due to advancements in deep learning and the integration of powerful in-build chipsets in cameras. These systems can alert operators to real-time video or audio events, providing more sophisticated analytics such as queue management and heat maps. The cloud segment is also expected to grow at a higher CAGR, driven by the adoption of cloud deployment by Small and Medium Enterprises (SMEs) due to its benefits such as lower costs and no need for a hardware maintenance workforce [1].

Top companies in the video analytics market include Avigilon (Canada), Axis Communications (Sweden), Cisco (US), Honeywell (US), IBM (US), AllGoVision (India), Genetec (Canada), IntelliVision (US), Gorilla Technology (Taiwan), and Eagle Eye Networks (US), among others. The government and defense vertical is expected to hold the largest market share in 2023, driven by the need for advanced surveillance solutions in city surveillance and border security [1].

Recent initiatives such as the launch of real-time crime centers by law enforcement agencies further highlight the importance of video analytics in enhancing public safety. These centers leverage state-of-the-art technology, real-time data sharing, and advanced analytics to improve operational efficiencies and minimize threats to citizens [2].

The video analytics market is poised for significant growth in the coming years, driven by technological advancements and the increasing demand for public safety solutions. Companies and investors should closely monitor this market for potential opportunities.

References:

[1] https://www.globenewswire.com/news-release/2025/08/19/3135799/0/en/Video-Analytics-Market-Surges-to-22-6-billion-by-2028-Dominated-by-Avigilon-Canada-Axis-Communications-Sweden-Cisco-US.html

[2] https://www.facebook.com/WPRI12/posts/the-goal-is-to-enhance-public-safety-through-state-of-the-art-technology-real-ti/1192567346234815/