Germany video analytics market is estimated to grow considerably, at a CAGR of around 28.4%, during the forecast period. Germany is estimated to contribute significantly to the European video analytics market over the forecast period owing to increasing terror attacks, which in turn, is rising the need for effective security and safety solutions. The Government of Germany also installing a video surveillance system with embedded video analytics software to improve the public safety and security of the nation. After the terror attack in central Berlin, the German government and agencies started to improve the security system by the support of video analytics software. Incidents such as the Bonn station bombing in 2012, when no footage was recorded, highlight the need for investment in cameras, and also in video management, storage and network infrastructure. The entry of 1.2 million migrants and increasing terror attacks are the major factors which are driving the growth of the video analytics market in this region.

Face recognition technology is used in all the railway stations and airports of Germany to identify suspects from a central database. Face-recognition technology is already used in the Munich airport and other facilities, yet a larger-scale centralized system could be considered a landmark change in the use of video analytics technologies in Germany. In addition, there is increased demand for body worn cameras in Germany. High concern amongst the German public and the government regarding citizens’ privacy may have contributed to the growth of the video analytics market. Public safety schemes may be changing, as high-profile events such as the cologne train station assaults and the Munich mall shootings increase demand for a greater number of cameras. 

The companies which are contributing to the growth of the Germany video analytics market include AxxonSoft, Bosch Security Systems, Inc., Securiton GmbH, IBM Corp., and digivod GmbH. 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. 

Research Methodology

The market study of the Germany video analytics market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, various services offered by the players, and market opportunity. The report will serve as a source for 360-degree analysis of the market delivering insights for making better business decisions.

Market Segmentation

1. Germany Video Analytics Market Research and Analysis by Deployment Type
2. Germany Video Analytics Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the Germany video analytics market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Germany video analytics market.
• Insights about market determinants which are stimulating the Germany video analytics market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.