Ongoing technological advancements and the surge in use of the internet protocol-based camera is expected to drive the demand for global AI in physical security market in forecast period.
According to TechSci Research report, “Global AI in Physical Security Market By Component (Solutions, Services (Managed Services, Professional Services)) By Technology (Machine Learning, Natural Language Processing, Context Aware Computing, Computer Vision) By Deployment (On Premise, Cloud) By Function (Video Surveillance, Access Control, Intrusion Detection, Crowd Monitoring, Robot & Drone Surveillance) By End-Use (Residential, Commercial, Military & Defense, Manufacturing, Others) By Company, By Region, Forecast & Opportunities, 2026”, the global AI in physical security market is expected to witness significant growth in the forecast period. The collection of large amounts of data related to a problem and training a model with the help of the generated data and the use of the model to process new data is the process of deep learning technology.
Artificial intelligence technology uses deep learning technology for its training phase and then further uses the data to make the future decision by using the pre-stored information. The use of robotics along with artificial intelligence technology to examine the occurrence of suspicious activities can increase the effectiveness of the security search. The robot can easily maneuver any designated area autonomously to search for any kind of suspicious activity and alert the concerned authorities for quick actions. It is also expected to reduce the human requirements and they can be employed for other crucial activities. Drones require humans to plot the chart for their flight charts and the growing use of artificial technology is expected to reduce the requirement of human resources and increase the efficiency of machines to work independently.
However, the high cost involved for storage facilities and other expenses may restrain the global AI in physical security market growth.
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Global AI in physical security market is segmented into component, technology, deployment, function, end-use, regional distribution, and company. Based on the function, the market can be divided into video surveillance, access control, intrusion detection, crowd monitoring, and robot & drone surveillance. The video surveillance segment is expected to dominate the market in the forecast period, 2022-2026. Use of the artificial intelligence technology and its adoption to make video analytics more effective and accurate is contributing to the market growth. The integration of deep learning technology to collect the crucial information to predict human behavior based on the insights generated by the system is expected to allow the video surveillance system to become more accurate and predict the occurrence of crime. Based on the deployment, the market can be bifurcated into on-premise and cloud. Cloud technology is expected to account for major market share in the forecast period as it can provide scalable solutions for effective security monitoring. The growing use of cloud-based computing platforms along with the internet of things technology-based security systems are expected to influence the market growth.
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 are the leading players operating in global AI in physical security market. Service Providers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several AI in physical security providers is coming up with their technologically advanced offerings.
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“High-end investments by the leading authorities for the development of smart cities around the world are contributing to the market growth. Smart cities are in high demand as they use advanced technologies and provide the residents with extra facilities ensuring higher convenience. These advanced cities are more prone to cyber-attacks and other threats, therefore, require the deployment of effective security solutions. The use of AI in physical security solutions is expected to raise the higher standard of safety is expected to propel the growth of the market till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global AI in Physical Security Market By Component (Solutions, Services (Managed Services, Professional Services)) By Technology (Machine Learning, Natural Language Processing, Context Aware Computing, Computer Vision) By Deployment (On Premise, Cloud) By Function (Video Surveillance, Access Control, Intrusion Detection, Crowd Monitoring, Robot & Drone Surveillance) By End-Use (Residential, Commercial, Military & Defense, Manufacturing, Others) By Company, By Region, Forecast & Opportunities, 2026” has evaluated the future growth potential of global AI in physical security market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of global AI in physical security market.
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