Overview and Scope
Artificial intelligence (AI) in video surveillance refers to the use of AI algorithms and technologies to analyze video data captured by surveillance cameras. These AI-powered systems can automatically detect and recognize objects, people, or activities in the video footage, allowing for more efficient and effective monitoring and analysis of security and surveillance environments.
Sizing and Forecast
The AI in video surveillance market size has grown exponentially in recent years. It will grow from $4.64 billion in 2023 to $5.63 billion in 2024 at a compound annual growth rate (CAGR) of 21.2%. The growth in the historic period can be attributed to increasing security threats, advancements in ai and machine learning, demand for real-time monitoring, cost-effective solutions, and integration with IoT devices.
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Segmentation & Regional Insights
The artificial intelligence (ai) in video surveillance market covered in this report is segmented –
1) By Offering: Hardware, Software, Service
2) By Deployment Mode: On-Premises, Cloud-Based
3) By Use Cases: Gun Detection, Industrial Temperature Monitoring, Anomaly Detection And Behavior Recognition, Facial Recognition Or Person Search, Object Detection And Perimeter Protection, Intrusion Detection And Perimeter Protection, Smoke And Fire Detection, Traffic Flow Analysis Or Accident and Traffic Incident Detection, False Alarm Filtering, Other Use Cases
4) By Vertical: Commercial, Residential, Infrastructure, Military And Defense, Public Facility, Industrial
Asia-Pacific was the largest region in the AI in video surveillance market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence (ai) in video surveillance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growth in smart city initiatives is expected to propel the growth of artificial intelligence (AI) in the video surveillance market going forward. Smart city initiatives refer to the use of technology, data, and innovation to improve the quality of life, sustainability, and efficiency of urban areas. Smart city initiatives can significantly enhance the capabilities of artificial intelligence (AI) in video surveillance by providing a connected infrastructure and a wealth of data for analysis. For instance, in September 2021, according to the Ministry of Housing and Urban Affairs, an India-based government ministry, as of December 2022, a total of 5,005 projects amounting to $11.161 billion have been completed, while 2,737 projects worth $10.684 billion are in the advanced stage of implementation. Additionally, 1,707 projects worth $4.422 billion were completed in the current year, indicating significant progress in the Smart Cities Mission in India. Therefore, the growth in smart city initiatives is driving the growth of artificial intelligence (AI) in the video surveillance market.
Key Industry Players
Major companies operating in the artificial intelligence (ai) in video surveillance market report are Huawei Technologies Co. Ltd., Panasonic Holdings Corporation, Hanwha Group, Honeywell International Inc., Dahua Technology Co. Ltd., NEC Corporation, IntelliVision , ZTE Corporation, Hangzhou Hikvision Digital Technology Co. Ltd., Cisco Meraki, Avigilon Corporation, SenseTime, Genetec Inc., Milestone Systems A/S, CloudWalk Technology Co. Ltd., Eagle Eye Networks, Gorilla Technology, Clarifai, Corsight AI, YITU Tech, Agent Video Intelligence Ltd., Pure Tech Systems, Simshine Intelligent Technology Co.Ltd
The artificial intelligence (ai) in video surveillance market report table of contents includes:
1. Executive Summary
2. Artificial Intelligence (AI) In Video Surveillance Market Characteristics
3. Artificial Intelligence (AI) In Video Surveillance Market Trends And Strategies
4. Artificial Intelligence (AI) In Video Surveillance Market – Macro Economic Scenario
5. Global Artificial Intelligence (AI) In Video Surveillance Market Size and Growth
…
32. Global Artificial Intelligence (AI) In Video Surveillance Market Competitive Benchmarking
33. Global Artificial Intelligence (AI) In Video Surveillance Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Artificial Intelligence (AI) In Video Surveillance Market
35.Artificial Intelligence (AI) In Video Surveillance Market Future Outlook and Potential Analysis
36. Appendix
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