AI in Physical Security Market By Size, Share, Trends, Growth Forecast 2027 | TechSci Research

According to TechSci Research, Global AI in physical security market is expected to grow at a significant rate in the forecast period. The use of artificial intelligence AI technology with the help of data collection, interpretation, and processing of data to make insightful decisions based on the processed gathered information by the security organizations is in high demand all around the globe. The rise in the number of applications of artificial security in physical security is driving the growth of the market.

The growing use of artificial intelligence in physical security is to make the identification of the culprits by the security professionals more precise by collecting people’s information through the help of security cameras. The culprits can easily be identified by looking at the people doing mundane activities for a longer duration of time and by processing that information. The surge in the use of body-worn cameras by security officials for searching operations contributes significantly to the AI in physical security market growth in the next five years.

Artificial intelligence enables manufacturers to effectively use Big Data Analytics technology by providing solutions to lower operational costs. The growing adoption of automation technology for assisting in making the work error-free and increasing the efficiency of the work is expected to create lucrative opportunities for market growth.

Global AI in physical security market is segmented into component, technology, deployment, function, end-use, regional distribution, and company. Based on the regional analysis, the North American region is expected to dominate the market in the forecast period, 2023-2027. The presence of the majority of players in the region and advanced technologies in organizations and manufacturing units contribute to the market growth. The increase in the number of cyber thefts and terror attacks to gain confidential information of the organization and the growing dependence of organizations on the digital platforms for work completion is influencing the growth of AI in the physical security market.

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The major players operating in the global AI in physical security market are Google LLC, International Business Machines Corporation, SAP SE, Siemens AG, Cisco Systems Inc., Hewlett Packard Enterprises Company, Neurala Inc., Huawei Technologies Co., Ltd, Xilinx Inc., Nvidia Corporation, Samsung Group, Micron Technology Inc., Securonix Inc, Intel Corporation, Cylance Inc., LexisNexis Risk Solutions Group, among others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.

Objective of the Study:

• To analyze the historical growth of the market size of global AI in physical security market from 2017 to 2020.
• To estimate and forecast the market size of global AI in physical security market from 2021 to 2027 and growth rate until 2027.
• To classify and forecast global AI in physical security market based on component, technology, deployment, function, end-use, regional distribution, and company.
• To identify dominant region or segment in the global AI in physical security.
• To identify drivers and challenges for global AI in physical security market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global AI in physical security market.
• To identify and analyze the profile of leading players operating in global AI in physical security market.
• To identify key sustainable strategies adopted by market players in global AI in physical security market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, distribution channels and presence of all major players across the globe.

TechSci Research calculated the market size of global AI in physical security market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• AI in Physical Security service provider companies
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums, and alliances related to AI in physical security market

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global AI in physical security market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Global AI in Physical Security Market, By Type:

• • Solutions
  • Services
    • Managed Services
    • Professional Services
• Global AI in Physical Security Market, By Technology:
  • Machine Learning
  • Natural Language Processing
  • Context Aware Computing
  • Computer Vision
• Global AI in Physical Security Market, By Deployment:
  • On Premise
  • Cloud
• Global AI in Physical Security Market, By Function:
  • Video Surveillance
  • Access Control
  • Intrusion Detection
  • Crowd Monitoring
  • Robot & Drone Surveillance
• Global AI in Physical Security Market, By End-Use:
  • Residential
  • Commercial
  • Military & Defense
  • Manufacturing
  • Others
• Global AI in Physical Security Market, By Region:
  • Asia-Pacific
    • India
    • Japan
    • Australia
    • China
    • South Korea
  • North America
    • United States
    • Mexico
    • Canada
  • Europe
    • United Kingdom
    • Italy
    • France
    • Germany
    • Spain

o   Middle East & Africa

• • • South Africa
    • Saudi Arabia
    • UAE
    • Qatar
  • South America

• Brazil
• Argentina
• Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global AI in physical security market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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