Market Overview - The Video Analytics Market is projected to grow from USD 8.3 billion in 2023 to USD 22.6 billion by 2028, reflecting a Compound Annual Growth Rate (CAGR) of 22.3% during the forecast period [1]. Market Dynamics Drivers - Applications such as perimeter intrusion and boundary control are significant drivers for the video analytics market, particularly in the critical infrastructure sector, where continuous security is paramount [3]. - Increasing investments and focus from governing institutions on public safety, along with the need to analyze unstructured video surveillance data in real time, are also contributing to market growth [5]. Restraints - The performance limitations of edge-based video analytics systems, despite advancements in chipsets, may pose challenges to widespread adoption [4]. Opportunities - The emergence of edge technologies and devices, along with the integration of deep learning, is expected to enhance the capabilities of video analytics and drive further adoption [5][6]. Deployment Models - The cloud segment is anticipated to grow at a higher CAGR during the forecast period, driven by the benefits of lower costs, reduced operational expenditure, and enhanced flexibility and scalability [7]. Market Segmentation By Vertical - The government and defense sector is expected to hold the largest market share in 2023, focusing on city surveillance and border security initiatives [8]. Recent Trends - Recent terror attacks in Europe and the US have underscored the necessity for effective video analytics solutions in city surveillance, which are crucial for ensuring operational efficiencies and public safety [9].