Turkey Video Management Software and Video Analytics Market (2023-2029) | Trends, Share, Industry, Growth, Companies, Revenue, Outlook, Analysis, Value, Size, Forecast & COVID-19 IMPACT

Turkey Video Management Software and Video Analytics Market Synopsis

Turkey Video Management Software and Video Analytics Market grew at a considerable rate in 2018-2019 owing to fresh installments due to rapid infrastructure development and construction in the country. However, the COVID-19 pandemic disrupted the overall economy, leaving a negative imprint on Market growth due to the halt in construction activities and travel restrictions imposed over the world during the year 2020. Moreover, the Market immediately gained traction in 2021 and registered strong growth in 2022 as the restrictions were released and the project resumed in the country.

According to 6Wresearch, Turkey Video Management Software and Video Analytics Market revenue size is anticipated to grow at a CAGR of 3.8% and 6.5% respectively during 2023-2029. In 2020, in addition to pandemic-spurred disruptions, turkey also witnessed growth in the crime rate, thereby, causing an increase in the expenditure on surveillance technologies such as video management software. Moreover, the government’s plans for smart city governance and infrastructure are expected to cause an expansion in the video management software market in the forecast period. In addition to it, the growing acceptance and relevance of video analytics technology in the security, governance, and retail landscapes causing growth in the video analytics market. The trend would continue with more pace for video analytics as it gives an edge to the organizations over competitors, thus, to retain its global competitiveness Turkish retailers, industries, healthcare, and hospitality sectors are expected to adopt video analytics in the coming years.

Video Management Software Segmentation (Market by Technology)

IP-based software holds most of the share and it would continue to dominate the market in the future as well due to its higher adoption rates as the old consumers are increasingly replacing analog cameras with IP ones and the majority of the fresh installments are coming from IP-based software.

Video Management Software Segmentation (Market by Deployment)

On-premise would hold the major chunk of the overall revenues in the Market as the majority of the surveillance is done by the government and other critical sectors such as BFSI and defense, which tend to have on-premise solutions for greater data security.

Video Management Software Segmentation (Market by Verticals)

Government and Transport would have the major share due to infrastructure development and the smart cities vision. Also, the criticality of city surveillance and law enforcement to maintain the country’s international competitiveness of the Turkish Market would drive the demand for video management software in the region.

Video Analytics Segmentation (Market by Deployment)

On-premise video analytics would present a major opportunity for the video analytics solution vendors as the on-premise deployment of surveillance and analytics comprises of major demand in the country. With the growing investments of the government in video analytics through traffic and transport management with smart city initiatives, these factors would propel growth in revenues for On-premise video analytics.

Video Analytics Segmentation (Market by Application)

License plate recognition would dominate the market in terms of revenue generation potential due to its mass application and usage in the road transport sector of Turkey. Thus, it is advisable to target the government sector to increase the market share.

Video Analytics Segmentation (Market by Verticals)

The government and transportation segment is anticipated to register the highest revenue in the market due to the government’s rising investments in transport infrastructure.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 11 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Turkey Video Management Software Overview
• Turkey Video Analytics Overview
• Turkey Video Management Software Forecast
• Turkey Video Analytics Forecast
• Historical Data and Forecast of Turkey Video Management Software Revenues, for the Period 2019-2029F
• Historical Data and Forecast of Turkey Video Management Software Revenues, By Deployment, for the Period 2019-2029F
• Historical Data and Forecast of Turkey Video Management Software Revenues, By Technology, for the Period 2019-2029F
• Historical Data and Forecast of Turkey Video Management Software Revenues, By Verticals, for the Period 2019-2029F
• Historical Data and Forecast of Turkey Video Analytics, By Deployment, for the Period 2019-2029F
• Historical Data and Forecast of Turkey Video Analytics, By Application, for the Period 2019-2029F
• Historical Data and Forecast of Turkey Video Analytics, By Verticals, for the Period 2019-2029F
• Market Drivers and Restraints
• Key Performance Indicator
• Turkey Video Management Software and Video Analytics Trends and Evolution
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Turkey Video Management Software Revenue Share, By Companies
• Turkey Video Analytics Revenue Share, By Companies
• Competitive Benchmarking

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

Video Management Software Segmentation

• By Technology
  • Analog based
  • IP Based
• By Deployment
  • On-premise
  • Cloud Based
• By Verticals
  • Banking and Financial Institutions
  • Government and Transportation
  • Retail and Logistics
  • Commercial Offices and Buildings
  • Hospitality and Healthcare
  • Industrial and Manufacturing
  • Residential
  • Educational Institutions

Video Analytics Segmentation

• By Deployment
  • On-premise
  • Cloud
• By Application
  • Crowd Management
  • Facial Recognition
  • Intrusion Detection
  • License Plate Detection
  • Motion Detection
  • Retail Analytics
  • Others
• By Verticals
  • Banking and Financial Institutions
  • Government and Transport
  • Retail and Logistics
  • Industrial and Manufacturing
  • Others

Turkey Video Management Software and Video Analytics Market: FAQs