Japan video analytics market is estimated to grow at a significant CAGR of 27.2% during the forecast period (2024-2031). The market growth is driven by the increasing demand for safety and security in Japan and the need for advanced fire and security solutions. The increasing incidence of terrorism overseas, greater international mobility due to globalization, and the rising numbers of inbound tourists to Japan are additionally contributing to the market growth during the forecast period. Furthermore, the development of novel technologies to prevent accidents, criminal acts, and other threats to people and infrastructure presents a significant opportunity for market growth in the region. Japan video analytics market is segmented by deployment type (cloud-based and on-premises) and by application (BFSI, healthcare, retail, government & defense, traffic management, and others).
The major companies serving the Japan video analytics market include Bosch Security Systems, Inc., Canon Inc., IBM Corp., Cisco Systems, Inc., and Hitachi Vantara LLC., among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions contributing significantly to market growth.
Recent Developments
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