China video analytics market is estimated to grow considerably at a CAGR of around 27.3% during the forecast period. China is one of the largest video analytics market across the globe. With the large installations of surveillance cameras and massive amounts of video data, the end users in China are eagerly seeking ways to interpret the large amounts of data they collect with (video content analytics) VCA. The video analytics software is mainly used by the police and traffic departments in China. The Chinese video analytics vendors are evolving towards the development of a full value chain ecosystem including collaboration from GPU (graphic computing unit) providers, software developers, vendors, and system integrators.

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The companies which are contributing to the growth of the China video analytics market include Bosch Security Systems, Inc., Canon Inc., IBM Corp., Cisco Systems, Inc., and Sony Corp.

Video analytics has high potential in China due to wide applications in the retail sector to increase business efficiency and improve customer experience. No-checkouts retail stores are one example where this kind of technology could be used. These stores allow customers to walk in, select products and walk out again, without them needing to stand in a checkout line. Payment is made automatically. Amazon launched a no-checkout store called, Amazon Go, in 2016. Facial-recognition video analytics software is becoming necessary and the authorities are using it in subway stations, on streets, at airports and at border crossings and so on.

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The aim of using video analytics software is to influence behavior and identify lawbreakers. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market.

Market Segmentation

China Video Analytics Market by Deployment Type

• Cloud-based
• On-Premises

China Video Analytics Market by Application

• Banking, Financial Services, and Insurance (BFSI)
• Healthcare
• Retail
• Government & Defense
• Traffic Management
• Others (Surveillance)

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