Japan video analytics market is estimated to grow considerably at a CAGR of around 27.2% during the forecast period. The increasing demand for safety and security in Japan has created a need for more advanced fire and security solutions. For crime prevention and security, there are growing calls for greater certainty in the maintenance of safety and security in response to the increasing incidence of terrorism overseas, greater international mobility due to globalization, and the rising numbers of inbound tourists to Japan. A wide variety of security technologies are needed to prevent accidents, criminal acts, and other threats to people’s way of life and the infrastructure of society, and to detect and respond quickly when they do occur.
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Along with this, a large number of surveillance camera systems with embedded video analytics are being used in Japan, with an aim to monitor and prevent crime in public places such as railway stations, airports, and shopping complexes, and so on. Although some of these are infra-red or other special-purpose cameras for monitoring at night or in other situations with poor lighting, most are visible-light camera. While many cameras have been installed in a variety of locations and for diverse purposes to enable the continuous and detailed monitoring and recording of what is happening over large areas, this still largely relies on people to view the images. However, as future increases in the number of installed cameras with embedded video analytics to provide greater anticrime and security capabilities, there is a huge demand fir video analytics technology to automate the work in Japan.
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The companies which are contributing to the growth of the Japan video analytics market include Bosch Security Systems, Inc., Canon Inc., IBM Corp., Cisco Systems, Inc., and Hitachi Vantara LLC. 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.
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Japan Video Analytics Market- Segmentation
by Deployment Type
• Banking, Financial Services, and Insurance (BFSI)
• Government & Defense
• Traffic Management
• Others (Surveillance)
• Bosch Security Systems, Inc.
• Canon Inc.
• Cisco Systems, Inc.
• Hanwha Techwin
• Hitachi Vantara LLC
• Honeywell International Inc.
• IBM Corp.
• iCetana Pty Ltd
• NEC Corp.
• Sony Corp.
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