Long Term Video Analytics Outlook Examined

Author: John Honovich, Published on Dec 08, 2009

With the market perception of video analytics severely weakened (see our polls and discussions), many question the long term growth potential of the video analytics market.

In December 2009, IMS Research issued a new report contending that the long term outlook is positive for video analytics despite the current slump. Specifically, IMS projects "over 450,000 channels of analytics will be embedded in cameras, encoders, DVRs and NVRs in 2013." Contrast this to a June 2009 report where IMS is cited as estimating the total channels using analytics as 40,000 in 2008. Rising from 40,000 to 450,000 channels in 5 years is an implicit CAGR of 62%.

Even if video analytics is used in 450,000 channels by 2013, that would still represent a small fraction of overall video surveillance cameras. While the total number of cameras sold each year is debated, it seems to be at least 10 million and perhaps triple that amount. Even assuming no growth in annual camera sales, IMS's projection would mean that, at best, 5% of cameras would be using video analytics in 2013.

As we examined in our 2009 Intelligent Video market review, the market is struggling and there's no revolutionary advance in video analytics that will resolve that in the near term (BRS Labs's specious claims excluded).

It is possible, perhaps likely, that video analytics will mature in the next few years but timing this based on currently available information is risky. That said, once video analytics matures, it should easily and quickly be usable on at least 1/3rd of cameras as the conceptual benefit is clear.

Comments : PRO Members only. Login. or Join.

Related Reports on Video Analytics

Cisco Meraki New Cameras and AI Analytics on Dec 14, 2018
Meraki has released their second generation of video surveillance with 3 new cameras, AI-based video analytics, and 2 cloud-based storage...
Top 2019 Trend - AI Video Analytics on Dec 10, 2018
160+ Integrators answered: What do you think the top industry trend will be in 2019? Why? AI / video analytics was the run-away winner with...
Alarm.com "AI" Video Analytics Tested on Nov 30, 2018
Alarm.com has announced what it calls an "artificial intelligence (AI) architecture and video analytics service", touting that  Alarm.com's...
Vintra "AI-Powered" Video Analytics Startup Profile on Nov 27, 2018
Vintra is a Silicon Valley startup focused on AI-based video analytics. They had booths at IACP and ISC West demonstrating their hosted or...
Genetec Kiwi Intrusion Detector Analytics Tested on Nov 27, 2018
Genetec has built Kiwi Security's Intrusion Detection analytics into Security Center, aiming to simplify deployment compared to separate camera...
Top Manufacturers Gaining and Losing 2018 on Nov 26, 2018
This is the 5th year IPVM has tracked manufacturers gaining and losing: Top Manufacturers Gaining and Losing 2014 Top Manufacturers Gaining and...
Intel Neural Compute Stick 2 / Movidius AI Test on Nov 21, 2018
AI is a major trend in video surveillance with manufacturers paying significant attention to Intel's Movidius Myriad chips. Indeed, Avigilon has...
Arcules Cloud VMS Tested on Nov 19, 2018
Arcules is a big bet, or as they describe themselves a 'bold company', spun out and backed by Milestone and Canon.  But how good is Arcules cloud...
Beware Amazon Go Store Hype (Tested) on Nov 13, 2018
IPVM's trip to and testing of Amazon Go's San Francisco store shows a number of significant operational and economic issues that undermine the...
Genetec Privacy Protector Tested on Nov 12, 2018
Genetec has built Kiwi Security's Privacy Protector into Security Center, an analytic which anonymizes individuals in cameras' fields of view...

Most Recent Industry Reports

Imperial Capital Security Investor Conference 2018 Review - ADT, Resideo, Alarm.com, Arlo, Eagle Eye, ACRE, More on Dec 14, 2018
Imperial Capital Security Investor Conference is an event matching industry executives with financiers that frequently leads to future funding...
Cisco Meraki New Cameras and AI Analytics on Dec 14, 2018
Meraki has released their second generation of video surveillance with 3 new cameras, AI-based video analytics, and 2 cloud-based storage...
Foolish Strategy: OEMing Facial Recognition on Dec 13, 2018
Almost as 'hot' as face recognition marketing right now is OEMing facial recognition. Last year, they were a who's who of company's with...
DVR Examiner - Video Recovery from Recorder Hard Drives on Dec 13, 2018
Bypassing passwords and long download times on-site, DVR Examiner collects and organizes video evidence directly from a hard drive extracted from...
2019 Access Control Book Released on Dec 12, 2018
This is the best, most comprehensive access control book in the world, based on our unprecedented research and testing has been significantly...
Huawei Hisilicon Quietly Powering Tens of Millions of Western IoT Devices on Dec 12, 2018
Huawei Hisilicon chips are powering, at least, tens of millions of Western IoT devices, such as IP cameras and surveillance recorders, a fact that...
FLIR Launches Body Cameras Unified With VMS (TruWitness) on Dec 11, 2018
While FLIR is best known for their thermal cameras, now they have expanded into body cameras, launching TruWITNESS, a public safety focused body...
Startup Sunflower Labs' Autonomous Drone Security System on Dec 11, 2018
Startup Sunflower Labs is claiming a unique design on a home security system, combining autonomous drones and 'Sunflower' sensors. Imagine an...
The 2019 Video Surveillance Industry Guide on Dec 10, 2018
The 300 page, 2019 Video Surveillance Industry Guide, covers the key events and the future of the video surveillance market, is now available,...
Multi-Factor Access Control Authentication Guide on Dec 10, 2018
Can a stranger use your credentials? One of the oldest problems facing access control is making credentials as easy to use as keys, but restricting...

The world's leading video surveillance information source, IPVM provides the best reporting, testing and training for 10,000+ members globally. Dedicated to independent and objective information, we uniquely refuse any and all advertisements, sponsorship and consulting from manufacturers.

About | FAQ | Contact