Al in Video Surveillance Market

Al in Video Surveillance Market Size, Share, Growth Analysis, By Offering(Hardware, Software), By Deployment Mode(On-premises, Cloud-based), By Use Cases(Gun Detection, Industrial Temperature Monitoring), By Vertical(Commercial, Residential), By Region(North America, Europe) - Industry Forecast 2024-2031

Report ID: UCMIG45C2086 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Al in Video Surveillance Market Insights

Market Overview:

The market for artificial intelligence in video surveillance is anticipated to be worth USD 5.6 billion in 2023 and increase to USD 16.3 billion by 2028, at a CAGR of 23.7%. Market Growth Drivers include criminal activities on the rise and terrorist attacks. also In many nations around the world, the concept of smart cities is gaining popularity and backing from local governments. AI video surveillance aids in crime prevention, emergency response, and general public safety by automatically identifying and warning about suspicious activities, crowd management, or traffic concerns. The market will expand as more smart city initiatives are implemented.

Al in Video Surveillance Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Data Processing & Outsourced Services by segment aggregation, the contribution of the Data Processing & Outsourced Services in Software & Services and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

Segmentation Analysis:

The Al in Video Surveillance Market is segmented by Offering, Deployment Mode, Use Cases, Vertical, Region. We are analyzing the market of these segments to identify which segment is the largest now and in the future, which segment has the highest growth rate, and the segment which offers the opportunity in the future.

Al in Video Surveillance Market Basis Point Share Analysis, 2021 Vs. 2028
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  • Based on Offering the market is segmented as, Hardware, Software, Service
  • Based on Deployment Mode the market is segmented as, On-premises, Cloud-based
  • Based on Use Cases the market is segmented as, Gun Detection, Industrial Temperature Monitoring, Anomaly detection and Behavior Recognition, Facial recognition/Person search, Object detection and tracking, Intrusion detection and perimeter protection, Smoke and Fire Detection, Traffic Flow Analysis/ Accident and Traffic Incident Detection, False alarm filtering, Parking Monitoring, Vehicle Identification and Numberplate Recognition
  • Based on Vertical the market is segmented as, Commercial, Residential, Infrastructure, Military & Defense, Public Facility, Industrial
  • Based on Region the market is segmented as, North America, Europe, Asia Pacific, RoW, KEY MARKET PLAYERS, Hangzhou Hikvision Digital Technology Co., Ltd., Dahua Technology Co., Ltd., Avigilon Corporation, Milestone Systems A/S, YITU Tech, SenseTime

Regional Analysis:

Al in Video Surveillance Market is being analyzed by North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA) regions. Key countries including the U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, and South Africa among others were analyzed considering various micro and macro trends.

Al in Video Surveillance Market Attractiveness Analysis, By Region 2020-2028
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Al in Video Surveillance Market : Risk Analysis

SkyQuest's expert analysts have conducted a risk analysis to understand the impact of external extremities on Al in Video Surveillance Market. We analyzed how geopolitical influence, natural disasters, climate change, legal scenario, economic impact, trade & economic policies, social & ethnic concerns, and demographic changes might affect Al in Video Surveillance Market's supply chain, distribution, and total revenue growth.

Competitive landscaping:

To understand the competitive landscape, we are analyzing key Al in Video Surveillance Market vendors in the market. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the Al in Video Surveillance Market.

To validate our hypothesis and validate our findings on the market ecosystem, we are also conducting a detailed porter's five forces analysis. Competitive Rivalry, Supplier Power, Buyer Power, Threat of Substitution, and Threat of New Entry each force is analyzed by various parameters governing those forces.

Key Players Covered in the Report:

  • AI in video surveillance market is expected to be valued at USD 5.6 billion in 2023 and is projected to reach USD 16.3 billion by 2028; it is expected to grow at a CAGR of 23.7% from 2023 to 2028. In 2023, an increasing number of manufacturers are anticipated to include AI-based analytics as a standard feature in cameras and video management systems (VMS). As security cameras are now prevalent in nearly every environment, the task of manually monitoring them all has become exceedingly challenging for human operators. By incorporating AI-based analytics, security professionals gain valuable tools to effectively process and manage the vast amount of images and data they encounter.
  • Driver: Advancements in deep learning and computer vision
  • Advancements in deep learning and computer vision are driving the adoption of AI in the video surveillance market. Deep learning, a subfield of machine learning, has revolutionized computer vision by enabling the development of highly accurate and efficient algorithms for analyzing visual data. In the context of video surveillance, deep learning algorithms can analyze video streams in real-time, allowing for rapid and accurate detection of objects, events, and anomalies. For example, they can identify specific objects like vehicles, people, or weapons, track their movements, and classify their actions. The advancements in deep learning have also improved the accuracy and reliability of facial recognition systems, enabling more robust identification and authentication capabilities in video surveillance applications.
  • Restraint: Privacy concerns and ethical considerations
  • Privacy concerns and ethical considerations are important restraints that impact the adoption of AI in the video surveillance market. The widespread use of AI-powered video surveillance systems raises questions about the invasion of privacy, the potential misuse of collected data, and the ethical implications of constant monitoring. One primary concern is the collection and storage of personal data. AI-based video surveillance systems capture and analyze vast amounts of video footage, often including images of individuals. This raises concerns about the potential for unauthorized access, data breaches, or misuse of personal information. Striking a balance between maintaining security and protecting individuals’ privacy rights is a critical challenge.
  • Opportunity: Growth in smart city initiatives
  • The growth in smart city initiatives presents a significant opportunity for the adoption of AI in video surveillance. Smart cities leverage advanced technologies to enhance the quality of life, improve urban infrastructure, and optimize resource management. AI-powered video surveillance systems play a crucial role in achieving these goals and addressing various challenges faced by urban environments. One key opportunity in smart city initiatives is the enhancement of public safety. AI-based video surveillance can enable real-time monitoring of public spaces, transportation systems, and critical infrastructure. AI video surveillance contributes to crime prevention, emergency response, and overall public safety by automatically detecting and alerting suspicious activities, crowd management, or traffic incidents.
  • Challenge: System reliability and false positives
  • System reliability and false positives are significant challenges in AI-based video surveillance systems. While AI algorithms can offer advanced capabilities for threat detection and behavior analysis, ensuring system reliability and minimizing false positive alerts are crucial for maintaining the effectiveness and efficiency of these systems. One challenge is the need for high accuracy and reliability in threat detection. AI video surveillance systems must be capable of detecting and identifying security threats accurately and in real time. False negatives, where a threat goes undetected, can have severe consequences. In contrast, false positives, where a benign event is flagged as a threat, can lead to alert fatigue and wasted resources. Reducing false positives is particularly critical. An excessive number of false alarms can overwhelm security personnel and reduce their ability to respond effectively to genuine threats. It can also lead to complacency or disregarding alerts, diminishing the trust and reliability of the system.
  • Ai In Video Surveillance Market Ecosystem
  • The AI in video surveillance market is dominated by established and financially sound manufacturers with extensive experience in the industry. These companies have diversified product portfolios, cutting-edge technologies, and strong global sales and marketing networks. Leading players in the market include Hangzhou Hikvision Digital Technology Co., Ltd. (China), Dahua Technology Co., Ltd. (China), Avigilon Corporation (Canada), Milestone Systems A/S (Denmark), YITU Tech (China), SenseTime (China), Agent Video Intelligence Ltd. (US) and others.
  • AI in video surveillance for hardware is expected to hold the highest market share during the forecast period
  • The market of the hardware segment is attributed to the fact that hardware makes for more than 60% of the total cost of an AI-based video surveillance system. There is also an increasing use of cameras deployed worldwide due to rising security concerns across multiple verticals. The industry shift toward IP cameras has led to many hardware-based innovations that provide better low-light performance, object tracking, and in-built security. Technological advancements have resulted in highly specialized surveillance cameras that can be programmed to zoom in and scan items, such as harmful equipment. These factors are driving the market for AI in video surveillance hardware market.
  • Based on deployment mode, the cloud-based market for AI in video surveillance to hold the highest CAGR during the forecast period
  • Cloud-based AI in video surveillance is poised to become increasingly popular in the future due to its numerous advantages and potential benefits. One key reason is scalability. With the exponential growth of video data generated by surveillance cameras, cloud-based AI provides a scalable solution that can handle large volumes of video footage efficiently. By leveraging the power of cloud computing, AI algorithms can analyze and process vast amounts of data in real-time, enabling quick detection of anomalies, threats, or suspicious activities. Moreover, cloud-based AI allows for centralized management and storage of video data, eliminating the need for on-site hardware and infrastructure, reducing costs, and simplifying maintenance. This accessibility and flexibility make cloud-based AI in video surveillance an attractive option for businesses and organizations of all sizes.
  • Infrastructure vertical for AI in video surveillance market to grow at the highest CAGR
  • The infrastructure vertical for AI in video surveillance is expected to gain significant popularity in the future, driven by several factors and supported by notable investments and advancements in technology. One key driver is the increasing emphasis on public safety and security in transportation systems, cities, and public places. Governments and organizations worldwide are recognizing the crucial role that video surveillance plays in ensuring the safety of citizens and infrastructure. Recent news reports highlight the rising investments in smart city initiatives and transportation infrastructure, with a specific focus on deploying advanced video surveillance systems integrated with AI capabilities. These systems can proactively detect and respond to potential threats, such as unauthorized access, traffic violations, or suspicious activities, thereby enhancing situational awareness and enabling timely intervention.
  • AI in video surveillance market in Asia Pacific to hold the highest market share during the forecast period
  • China is one of the largest consumers of video surveillance devices and systems globally. According to data from the National Development and Reform Commission, the country is determined to implement video surveillance cameras equipped with facial recognition technology in crucial public areas to enhance security and maintain social stability. Notably, a growing market for video surveillance systems exists in small businesses and residential segments. China’s extensive infrastructure projects, including railways, airports, stadiums, and highways, drive the demand for high-definition surveillance systems capable of capturing clear images even in low-light conditions. The Chinese government’s focus on city surveillance and smart city initiatives further propels the nationwide adoption of AI-based video surveillance systems.
  • Recent Developments
  • In June 2023, Milestone Systems announced its latest product update, XProtect 2023 R2, a software upgrade designed to meet the evolving demands of Video Management Software (VMS) users.
  • In May 2023, Dahua Technology, a world-leading video-centric AIoT solution and service provider, officially released the latest AcuPick video search technology to help users locate target videos more accurately and conveniently.
  • In May 2023, Motorola Solutions launched its next-generation V700 body camera with mobile broadband capabilities to give public safety agencies another critical source of real-time field intelligence and collaboration. The V700 seamlessly integrates with Aware - a cloud-based platform that provides a standard operating view and the M500 in-car video system, APX radios, and Holster Aware sensors.
  • In September 2022, Hikvision announced the latest additions to its Pro series PTZ cameras, including integrating ColorVu technology for the first time in this range. With ColorVu, Hikvision's new Pro series cameras can provide consistent image brightness and full-color imaging as the camera zooms in and out. This ensures crystal-clear details and vivid color for distant objects at all times and in all conditions.
  • KEY MARKET SEGMENTS
  • By Offering
  • Hardware
  • Software
  • Service
  • By Deployment Mode
  • On-premises
  • Cloud-based
  • By Use Cases
  • Gun Detection
  • Industrial Temperature Monitoring
  • Anomaly detection and Behavior Recognition
  • Facial recognition/Person search
  • Object detection and tracking
  • Intrusion detection and perimeter protection
  • Smoke and Fire Detection
  • Traffic Flow Analysis/ Accident and Traffic Incident Detection
  • False alarm filtering
  • Parking Monitoring
  • Vehicle Identification and Numberplate Recognition
  • By Vertical
  • Commercial
  • Residential
  • Infrastructure
  • Military & Defense
  • Public Facility
  • Industrial
  • By Region
  • North America
  • Europe
  • Asia Pacific
  • RoW
  • KEY MARKET PLAYERS
  • Hangzhou Hikvision Digital Technology Co., Ltd.
  • Dahua Technology Co., Ltd.
  • Avigilon Corporation
  • Milestone Systems A/S
  • YITU Tech
  • SenseTime
  • Agent Video Intelligence Ltd.

SkyQuest's Expertise:

The Al in Video Surveillance Market is being analyzed by SkyQuest's analysts with the help of 20+ scheduled Primary interviews from both the demand and supply sides. We have already invested more than 250 hours on this report and are still refining our date to provide authenticated data to your readers and clients. Exhaustive primary and secondary research is conducted to collect information on the market, peer market, and parent market.

Our cross-industry experts and revenue-impact consultants at SkyQuest enable our clients to convert market intelligence into actionable, quantifiable results through personalized engagement.

Scope Of Report

Report Attribute Details
The base year for estimation 2021
Historical data 2016 – 2022
Forecast period 2022 – 2028
Report coverage Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis
Segments covered
  • By Offering - Hardware, Software, Service
  • By Deployment Mode - On-premises, Cloud-based
  • By Use Cases - Gun Detection, Industrial Temperature Monitoring, Anomaly detection and Behavior Recognition, Facial recognition/Person search, Object detection and tracking, Intrusion detection and perimeter protection, Smoke and Fire Detection, Traffic Flow Analysis/ Accident and Traffic Incident Detection, False alarm filtering, Parking Monitoring, Vehicle Identification and Numberplate Recognition
  • By Vertical - Commercial, Residential, Infrastructure, Military & Defense, Public Facility, Industrial
  • By Region - North America, Europe, Asia Pacific, RoW, KEY MARKET PLAYERS, Hangzhou Hikvision Digital Technology Co., Ltd., Dahua Technology Co., Ltd., Avigilon Corporation, Milestone Systems A/S, YITU Tech, SenseTime
Regional scope North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
Country scope U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, South Africa
Key companies profiled
  • AI in video surveillance market is expected to be valued at USD 5.6 billion in 2023 and is projected to reach USD 16.3 billion by 2028; it is expected to grow at a CAGR of 23.7% from 2023 to 2028. In 2023, an increasing number of manufacturers are anticipated to include AI-based analytics as a standard feature in cameras and video management systems (VMS). As security cameras are now prevalent in nearly every environment, the task of manually monitoring them all has become exceedingly challenging for human operators. By incorporating AI-based analytics, security professionals gain valuable tools to effectively process and manage the vast amount of images and data they encounter.
  • Driver: Advancements in deep learning and computer vision
  • Advancements in deep learning and computer vision are driving the adoption of AI in the video surveillance market. Deep learning, a subfield of machine learning, has revolutionized computer vision by enabling the development of highly accurate and efficient algorithms for analyzing visual data. In the context of video surveillance, deep learning algorithms can analyze video streams in real-time, allowing for rapid and accurate detection of objects, events, and anomalies. For example, they can identify specific objects like vehicles, people, or weapons, track their movements, and classify their actions. The advancements in deep learning have also improved the accuracy and reliability of facial recognition systems, enabling more robust identification and authentication capabilities in video surveillance applications.
  • Restraint: Privacy concerns and ethical considerations
  • Privacy concerns and ethical considerations are important restraints that impact the adoption of AI in the video surveillance market. The widespread use of AI-powered video surveillance systems raises questions about the invasion of privacy, the potential misuse of collected data, and the ethical implications of constant monitoring. One primary concern is the collection and storage of personal data. AI-based video surveillance systems capture and analyze vast amounts of video footage, often including images of individuals. This raises concerns about the potential for unauthorized access, data breaches, or misuse of personal information. Striking a balance between maintaining security and protecting individuals’ privacy rights is a critical challenge.
  • Opportunity: Growth in smart city initiatives
  • The growth in smart city initiatives presents a significant opportunity for the adoption of AI in video surveillance. Smart cities leverage advanced technologies to enhance the quality of life, improve urban infrastructure, and optimize resource management. AI-powered video surveillance systems play a crucial role in achieving these goals and addressing various challenges faced by urban environments. One key opportunity in smart city initiatives is the enhancement of public safety. AI-based video surveillance can enable real-time monitoring of public spaces, transportation systems, and critical infrastructure. AI video surveillance contributes to crime prevention, emergency response, and overall public safety by automatically detecting and alerting suspicious activities, crowd management, or traffic incidents.
  • Challenge: System reliability and false positives
  • System reliability and false positives are significant challenges in AI-based video surveillance systems. While AI algorithms can offer advanced capabilities for threat detection and behavior analysis, ensuring system reliability and minimizing false positive alerts are crucial for maintaining the effectiveness and efficiency of these systems. One challenge is the need for high accuracy and reliability in threat detection. AI video surveillance systems must be capable of detecting and identifying security threats accurately and in real time. False negatives, where a threat goes undetected, can have severe consequences. In contrast, false positives, where a benign event is flagged as a threat, can lead to alert fatigue and wasted resources. Reducing false positives is particularly critical. An excessive number of false alarms can overwhelm security personnel and reduce their ability to respond effectively to genuine threats. It can also lead to complacency or disregarding alerts, diminishing the trust and reliability of the system.
  • Ai In Video Surveillance Market Ecosystem
  • The AI in video surveillance market is dominated by established and financially sound manufacturers with extensive experience in the industry. These companies have diversified product portfolios, cutting-edge technologies, and strong global sales and marketing networks. Leading players in the market include Hangzhou Hikvision Digital Technology Co., Ltd. (China), Dahua Technology Co., Ltd. (China), Avigilon Corporation (Canada), Milestone Systems A/S (Denmark), YITU Tech (China), SenseTime (China), Agent Video Intelligence Ltd. (US) and others.
  • AI in video surveillance for hardware is expected to hold the highest market share during the forecast period
  • The market of the hardware segment is attributed to the fact that hardware makes for more than 60% of the total cost of an AI-based video surveillance system. There is also an increasing use of cameras deployed worldwide due to rising security concerns across multiple verticals. The industry shift toward IP cameras has led to many hardware-based innovations that provide better low-light performance, object tracking, and in-built security. Technological advancements have resulted in highly specialized surveillance cameras that can be programmed to zoom in and scan items, such as harmful equipment. These factors are driving the market for AI in video surveillance hardware market.
  • Based on deployment mode, the cloud-based market for AI in video surveillance to hold the highest CAGR during the forecast period
  • Cloud-based AI in video surveillance is poised to become increasingly popular in the future due to its numerous advantages and potential benefits. One key reason is scalability. With the exponential growth of video data generated by surveillance cameras, cloud-based AI provides a scalable solution that can handle large volumes of video footage efficiently. By leveraging the power of cloud computing, AI algorithms can analyze and process vast amounts of data in real-time, enabling quick detection of anomalies, threats, or suspicious activities. Moreover, cloud-based AI allows for centralized management and storage of video data, eliminating the need for on-site hardware and infrastructure, reducing costs, and simplifying maintenance. This accessibility and flexibility make cloud-based AI in video surveillance an attractive option for businesses and organizations of all sizes.
  • Infrastructure vertical for AI in video surveillance market to grow at the highest CAGR
  • The infrastructure vertical for AI in video surveillance is expected to gain significant popularity in the future, driven by several factors and supported by notable investments and advancements in technology. One key driver is the increasing emphasis on public safety and security in transportation systems, cities, and public places. Governments and organizations worldwide are recognizing the crucial role that video surveillance plays in ensuring the safety of citizens and infrastructure. Recent news reports highlight the rising investments in smart city initiatives and transportation infrastructure, with a specific focus on deploying advanced video surveillance systems integrated with AI capabilities. These systems can proactively detect and respond to potential threats, such as unauthorized access, traffic violations, or suspicious activities, thereby enhancing situational awareness and enabling timely intervention.
  • AI in video surveillance market in Asia Pacific to hold the highest market share during the forecast period
  • China is one of the largest consumers of video surveillance devices and systems globally. According to data from the National Development and Reform Commission, the country is determined to implement video surveillance cameras equipped with facial recognition technology in crucial public areas to enhance security and maintain social stability. Notably, a growing market for video surveillance systems exists in small businesses and residential segments. China’s extensive infrastructure projects, including railways, airports, stadiums, and highways, drive the demand for high-definition surveillance systems capable of capturing clear images even in low-light conditions. The Chinese government’s focus on city surveillance and smart city initiatives further propels the nationwide adoption of AI-based video surveillance systems.
  • Recent Developments
  • In June 2023, Milestone Systems announced its latest product update, XProtect 2023 R2, a software upgrade designed to meet the evolving demands of Video Management Software (VMS) users.
  • In May 2023, Dahua Technology, a world-leading video-centric AIoT solution and service provider, officially released the latest AcuPick video search technology to help users locate target videos more accurately and conveniently.
  • In May 2023, Motorola Solutions launched its next-generation V700 body camera with mobile broadband capabilities to give public safety agencies another critical source of real-time field intelligence and collaboration. The V700 seamlessly integrates with Aware - a cloud-based platform that provides a standard operating view and the M500 in-car video system, APX radios, and Holster Aware sensors.
  • In September 2022, Hikvision announced the latest additions to its Pro series PTZ cameras, including integrating ColorVu technology for the first time in this range. With ColorVu, Hikvision's new Pro series cameras can provide consistent image brightness and full-color imaging as the camera zooms in and out. This ensures crystal-clear details and vivid color for distant objects at all times and in all conditions.
  • KEY MARKET SEGMENTS
  • By Offering
  • Hardware
  • Software
  • Service
  • By Deployment Mode
  • On-premises
  • Cloud-based
  • By Use Cases
  • Gun Detection
  • Industrial Temperature Monitoring
  • Anomaly detection and Behavior Recognition
  • Facial recognition/Person search
  • Object detection and tracking
  • Intrusion detection and perimeter protection
  • Smoke and Fire Detection
  • Traffic Flow Analysis/ Accident and Traffic Incident Detection
  • False alarm filtering
  • Parking Monitoring
  • Vehicle Identification and Numberplate Recognition
  • By Vertical
  • Commercial
  • Residential
  • Infrastructure
  • Military & Defense
  • Public Facility
  • Industrial
  • By Region
  • North America
  • Europe
  • Asia Pacific
  • RoW
  • KEY MARKET PLAYERS
  • Hangzhou Hikvision Digital Technology Co., Ltd.
  • Dahua Technology Co., Ltd.
  • Avigilon Corporation
  • Milestone Systems A/S
  • YITU Tech
  • SenseTime
  • Agent Video Intelligence Ltd.
Customization scope Free report customization (15% Free customization) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options Reap the benefits of customized purchase options to fit your specific research requirements.

Objectives of the Study

  • To forecast the market size, in terms of value, for various segments with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
  • To provide detailed information regarding the major factors influencing the growth of the Market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze the micro markets with respect to the individual growth trends, future prospects, and contribution to the total market
  • To provide a detailed overview of the value chain and analyze market trends with the Porter's five forces analysis
  • To analyze the opportunities in the market for various stakeholders by identifying the high-growth Segments
  • To identify the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
  • To analyze competitive development such as joint ventures, mergers and acquisitions, new product launches and development, and research and development in the market

What does this Report Deliver?

  • Market Estimation for 20+ Countries
  • Historical data coverage: 2016 to 2022
  • Growth projections: 2022 to 2028
  • SkyQuest's premium market insights: Innovation matrix, IP analysis, Production Analysis, Value chain analysis, Technological trends, and Trade analysis
  • Customization on Segments, Regions, and Company Profiles
  • 100+ tables, 150+ Figures, 10+ matrix
  • Global and Country Market Trends
  • Comprehensive Mapping of Industry Parameters
  • Attractive Investment Proposition
  • Competitive Strategies Adopted by Leading Market Participants
  • Market drivers, restraints, opportunities, and its impact on the market
  • Regulatory scenario, regional dynamics, and insights of leading countries in each region
  • Segment trends analysis, opportunity, and growth
  • Opportunity analysis by region and country
  • Porter's five force analysis to know the market's condition
  • Pricing analysis
  • Parent market analysis
  • Product portfolio benchmarking

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Al in Video Surveillance Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Al in Video Surveillance Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)
  • AI in video surveillance market is expected to be valued at USD 5.6 billion in 2023 and is projected to reach USD 16.3 billion by 2028; it is expected to grow at a CAGR of 23.7% from 2023 to 2028. In 2023, an increasing number of manufacturers are anticipated to include AI-based analytics as a standard feature in cameras and video management systems (VMS). As security cameras are now prevalent in nearly every environment, the task of manually monitoring them all has become exceedingly challenging for human operators. By incorporating AI-based analytics, security professionals gain valuable tools to effectively process and manage the vast amount of images and data they encounter.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Driver: Advancements in deep learning and computer vision
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Advancements in deep learning and computer vision are driving the adoption of AI in the video surveillance market. Deep learning, a subfield of machine learning, has revolutionized computer vision by enabling the development of highly accurate and efficient algorithms for analyzing visual data. In the context of video surveillance, deep learning algorithms can analyze video streams in real-time, allowing for rapid and accurate detection of objects, events, and anomalies. For example, they can identify specific objects like vehicles, people, or weapons, track their movements, and classify their actions. The advancements in deep learning have also improved the accuracy and reliability of facial recognition systems, enabling more robust identification and authentication capabilities in video surveillance applications.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Restraint: Privacy concerns and ethical considerations
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Privacy concerns and ethical considerations are important restraints that impact the adoption of AI in the video surveillance market. The widespread use of AI-powered video surveillance systems raises questions about the invasion of privacy, the potential misuse of collected data, and the ethical implications of constant monitoring. One primary concern is the collection and storage of personal data. AI-based video surveillance systems capture and analyze vast amounts of video footage, often including images of individuals. This raises concerns about the potential for unauthorized access, data breaches, or misuse of personal information. Striking a balance between maintaining security and protecting individuals’ privacy rights is a critical challenge.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Opportunity: Growth in smart city initiatives
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The growth in smart city initiatives presents a significant opportunity for the adoption of AI in video surveillance. Smart cities leverage advanced technologies to enhance the quality of life, improve urban infrastructure, and optimize resource management. AI-powered video surveillance systems play a crucial role in achieving these goals and addressing various challenges faced by urban environments. One key opportunity in smart city initiatives is the enhancement of public safety. AI-based video surveillance can enable real-time monitoring of public spaces, transportation systems, and critical infrastructure. AI video surveillance contributes to crime prevention, emergency response, and overall public safety by automatically detecting and alerting suspicious activities, crowd management, or traffic incidents.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Challenge: System reliability and false positives
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • System reliability and false positives are significant challenges in AI-based video surveillance systems. While AI algorithms can offer advanced capabilities for threat detection and behavior analysis, ensuring system reliability and minimizing false positive alerts are crucial for maintaining the effectiveness and efficiency of these systems. One challenge is the need for high accuracy and reliability in threat detection. AI video surveillance systems must be capable of detecting and identifying security threats accurately and in real time. False negatives, where a threat goes undetected, can have severe consequences. In contrast, false positives, where a benign event is flagged as a threat, can lead to alert fatigue and wasted resources. Reducing false positives is particularly critical. An excessive number of false alarms can overwhelm security personnel and reduce their ability to respond effectively to genuine threats. It can also lead to complacency or disregarding alerts, diminishing the trust and reliability of the system.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Ai In Video Surveillance Market Ecosystem
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The AI in video surveillance market is dominated by established and financially sound manufacturers with extensive experience in the industry. These companies have diversified product portfolios, cutting-edge technologies, and strong global sales and marketing networks. Leading players in the market include Hangzhou Hikvision Digital Technology Co., Ltd. (China), Dahua Technology Co., Ltd. (China), Avigilon Corporation (Canada), Milestone Systems A/S (Denmark), YITU Tech (China), SenseTime (China), Agent Video Intelligence Ltd. (US) and others.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • AI in video surveillance for hardware is expected to hold the highest market share during the forecast period
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The market of the hardware segment is attributed to the fact that hardware makes for more than 60% of the total cost of an AI-based video surveillance system. There is also an increasing use of cameras deployed worldwide due to rising security concerns across multiple verticals. The industry shift toward IP cameras has led to many hardware-based innovations that provide better low-light performance, object tracking, and in-built security. Technological advancements have resulted in highly specialized surveillance cameras that can be programmed to zoom in and scan items, such as harmful equipment. These factors are driving the market for AI in video surveillance hardware market.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Based on deployment mode, the cloud-based market for AI in video surveillance to hold the highest CAGR during the forecast period
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Cloud-based AI in video surveillance is poised to become increasingly popular in the future due to its numerous advantages and potential benefits. One key reason is scalability. With the exponential growth of video data generated by surveillance cameras, cloud-based AI provides a scalable solution that can handle large volumes of video footage efficiently. By leveraging the power of cloud computing, AI algorithms can analyze and process vast amounts of data in real-time, enabling quick detection of anomalies, threats, or suspicious activities. Moreover, cloud-based AI allows for centralized management and storage of video data, eliminating the need for on-site hardware and infrastructure, reducing costs, and simplifying maintenance. This accessibility and flexibility make cloud-based AI in video surveillance an attractive option for businesses and organizations of all sizes.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Infrastructure vertical for AI in video surveillance market to grow at the highest CAGR
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The infrastructure vertical for AI in video surveillance is expected to gain significant popularity in the future, driven by several factors and supported by notable investments and advancements in technology. One key driver is the increasing emphasis on public safety and security in transportation systems, cities, and public places. Governments and organizations worldwide are recognizing the crucial role that video surveillance plays in ensuring the safety of citizens and infrastructure. Recent news reports highlight the rising investments in smart city initiatives and transportation infrastructure, with a specific focus on deploying advanced video surveillance systems integrated with AI capabilities. These systems can proactively detect and respond to potential threats, such as unauthorized access, traffic violations, or suspicious activities, thereby enhancing situational awareness and enabling timely intervention.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • AI in video surveillance market in Asia Pacific to hold the highest market share during the forecast period
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • China is one of the largest consumers of video surveillance devices and systems globally. According to data from the National Development and Reform Commission, the country is determined to implement video surveillance cameras equipped with facial recognition technology in crucial public areas to enhance security and maintain social stability. Notably, a growing market for video surveillance systems exists in small businesses and residential segments. China’s extensive infrastructure projects, including railways, airports, stadiums, and highways, drive the demand for high-definition surveillance systems capable of capturing clear images even in low-light conditions. The Chinese government’s focus on city surveillance and smart city initiatives further propels the nationwide adoption of AI-based video surveillance systems.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Recent Developments
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In June 2023, Milestone Systems announced its latest product update, XProtect 2023 R2, a software upgrade designed to meet the evolving demands of Video Management Software (VMS) users.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In May 2023, Dahua Technology, a world-leading video-centric AIoT solution and service provider, officially released the latest AcuPick video search technology to help users locate target videos more accurately and conveniently.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In May 2023, Motorola Solutions launched its next-generation V700 body camera with mobile broadband capabilities to give public safety agencies another critical source of real-time field intelligence and collaboration. The V700 seamlessly integrates with Aware - a cloud-based platform that provides a standard operating view and the M500 in-car video system, APX radios, and Holster Aware sensors.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In September 2022, Hikvision announced the latest additions to its Pro series PTZ cameras, including integrating ColorVu technology for the first time in this range. With ColorVu, Hikvision's new Pro series cameras can provide consistent image brightness and full-color imaging as the camera zooms in and out. This ensures crystal-clear details and vivid color for distant objects at all times and in all conditions.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KEY MARKET SEGMENTS
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Offering
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Hardware
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Software
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Service
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Deployment Mode
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • On-premises
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Cloud-based
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Use Cases
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Gun Detection
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Industrial Temperature Monitoring
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Anomaly detection and Behavior Recognition
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Facial recognition/Person search
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Object detection and tracking
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Intrusion detection and perimeter protection
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Smoke and Fire Detection
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Traffic Flow Analysis/ Accident and Traffic Incident Detection
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • False alarm filtering
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Parking Monitoring
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Vehicle Identification and Numberplate Recognition
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Vertical
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Commercial
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Residential
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Infrastructure
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Military & Defense
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Public Facility
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Industrial
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Region
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • North America
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Europe
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Asia Pacific
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • RoW
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KEY MARKET PLAYERS
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Hangzhou Hikvision Digital Technology Co., Ltd.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Dahua Technology Co., Ltd.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Avigilon Corporation
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Milestone Systems A/S
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • YITU Tech
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • SenseTime
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Agent Video Intelligence Ltd.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments

Methodology

For the Al in Video Surveillance Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Al in Video Surveillance Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Al in Video Surveillance Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Al in Video Surveillance Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

The global market for Al in Video Surveillance was estimated to be valued at US$ XX Mn in 2021.

The global Al in Video Surveillance Market is estimated to grow at a CAGR of XX% by 2028.

The global Al in Video Surveillance Market is segmented on the basis of Offering, Deployment Mode, Use Cases, Vertical, Region.

Based on region, the global Al in Video Surveillance Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the global Al in Video Surveillance Market are AI in video surveillance market is expected to be valued at USD 5.6 billion in 2023 and is projected to reach USD 16.3 billion by 2028; it is expected to grow at a CAGR of 23.7% from 2023 to 2028. In 2023, an increasing number of manufacturers are anticipated to include AI-based analytics as a standard feature in cameras and video management systems (VMS). As security cameras are now prevalent in nearly every environment, the task of manually monitoring them all has become exceedingly challenging for human operators. By incorporating AI-based analytics, security professionals gain valuable tools to effectively process and manage the vast amount of images and data they encounter. , Driver: Advancements in deep learning and computer vision , Advancements in deep learning and computer vision are driving the adoption of AI in the video surveillance market. Deep learning, a subfield of machine learning, has revolutionized computer vision by enabling the development of highly accurate and efficient algorithms for analyzing visual data. In the context of video surveillance, deep learning algorithms can analyze video streams in real-time, allowing for rapid and accurate detection of objects, events, and anomalies. For example, they can identify specific objects like vehicles, people, or weapons, track their movements, and classify their actions. The advancements in deep learning have also improved the accuracy and reliability of facial recognition systems, enabling more robust identification and authentication capabilities in video surveillance applications. , Restraint: Privacy concerns and ethical considerations , Privacy concerns and ethical considerations are important restraints that impact the adoption of AI in the video surveillance market. The widespread use of AI-powered video surveillance systems raises questions about the invasion of privacy, the potential misuse of collected data, and the ethical implications of constant monitoring. One primary concern is the collection and storage of personal data. AI-based video surveillance systems capture and analyze vast amounts of video footage, often including images of individuals. This raises concerns about the potential for unauthorized access, data breaches, or misuse of personal information. Striking a balance between maintaining security and protecting individuals’ privacy rights is a critical challenge. , Opportunity: Growth in smart city initiatives , The growth in smart city initiatives presents a significant opportunity for the adoption of AI in video surveillance. Smart cities leverage advanced technologies to enhance the quality of life, improve urban infrastructure, and optimize resource management. AI-powered video surveillance systems play a crucial role in achieving these goals and addressing various challenges faced by urban environments. One key opportunity in smart city initiatives is the enhancement of public safety. AI-based video surveillance can enable real-time monitoring of public spaces, transportation systems, and critical infrastructure. AI video surveillance contributes to crime prevention, emergency response, and overall public safety by automatically detecting and alerting suspicious activities, crowd management, or traffic incidents. , Challenge: System reliability and false positives , System reliability and false positives are significant challenges in AI-based video surveillance systems. While AI algorithms can offer advanced capabilities for threat detection and behavior analysis, ensuring system reliability and minimizing false positive alerts are crucial for maintaining the effectiveness and efficiency of these systems. One challenge is the need for high accuracy and reliability in threat detection. AI video surveillance systems must be capable of detecting and identifying security threats accurately and in real time. False negatives, where a threat goes undetected, can have severe consequences. In contrast, false positives, where a benign event is flagged as a threat, can lead to alert fatigue and wasted resources. Reducing false positives is particularly critical. An excessive number of false alarms can overwhelm security personnel and reduce their ability to respond effectively to genuine threats. It can also lead to complacency or disregarding alerts, diminishing the trust and reliability of the system. , Ai In Video Surveillance Market Ecosystem , The AI in video surveillance market is dominated by established and financially sound manufacturers with extensive experience in the industry. These companies have diversified product portfolios, cutting-edge technologies, and strong global sales and marketing networks. Leading players in the market include Hangzhou Hikvision Digital Technology Co., Ltd. (China), Dahua Technology Co., Ltd. (China), Avigilon Corporation (Canada), Milestone Systems A/S (Denmark), YITU Tech (China), SenseTime (China), Agent Video Intelligence Ltd. (US) and others. , AI in video surveillance for hardware is expected to hold the highest market share during the forecast period , The market of the hardware segment is attributed to the fact that hardware makes for more than 60% of the total cost of an AI-based video surveillance system. There is also an increasing use of cameras deployed worldwide due to rising security concerns across multiple verticals. The industry shift toward IP cameras has led to many hardware-based innovations that provide better low-light performance, object tracking, and in-built security. Technological advancements have resulted in highly specialized surveillance cameras that can be programmed to zoom in and scan items, such as harmful equipment. These factors are driving the market for AI in video surveillance hardware market. , Based on deployment mode, the cloud-based market for AI in video surveillance to hold the highest CAGR during the forecast period , Cloud-based AI in video surveillance is poised to become increasingly popular in the future due to its numerous advantages and potential benefits. One key reason is scalability. With the exponential growth of video data generated by surveillance cameras, cloud-based AI provides a scalable solution that can handle large volumes of video footage efficiently. By leveraging the power of cloud computing, AI algorithms can analyze and process vast amounts of data in real-time, enabling quick detection of anomalies, threats, or suspicious activities. Moreover, cloud-based AI allows for centralized management and storage of video data, eliminating the need for on-site hardware and infrastructure, reducing costs, and simplifying maintenance. This accessibility and flexibility make cloud-based AI in video surveillance an attractive option for businesses and organizations of all sizes. , Infrastructure vertical for AI in video surveillance market to grow at the highest CAGR , The infrastructure vertical for AI in video surveillance is expected to gain significant popularity in the future, driven by several factors and supported by notable investments and advancements in technology. One key driver is the increasing emphasis on public safety and security in transportation systems, cities, and public places. Governments and organizations worldwide are recognizing the crucial role that video surveillance plays in ensuring the safety of citizens and infrastructure. Recent news reports highlight the rising investments in smart city initiatives and transportation infrastructure, with a specific focus on deploying advanced video surveillance systems integrated with AI capabilities. These systems can proactively detect and respond to potential threats, such as unauthorized access, traffic violations, or suspicious activities, thereby enhancing situational awareness and enabling timely intervention. , AI in video surveillance market in Asia Pacific to hold the highest market share during the forecast period , China is one of the largest consumers of video surveillance devices and systems globally. According to data from the National Development and Reform Commission, the country is determined to implement video surveillance cameras equipped with facial recognition technology in crucial public areas to enhance security and maintain social stability. Notably, a growing market for video surveillance systems exists in small businesses and residential segments. China’s extensive infrastructure projects, including railways, airports, stadiums, and highways, drive the demand for high-definition surveillance systems capable of capturing clear images even in low-light conditions. The Chinese government’s focus on city surveillance and smart city initiatives further propels the nationwide adoption of AI-based video surveillance systems. , Recent Developments , In June 2023, Milestone Systems announced its latest product update, XProtect 2023 R2, a software upgrade designed to meet the evolving demands of Video Management Software (VMS) users. , In May 2023, Dahua Technology, a world-leading video-centric AIoT solution and service provider, officially released the latest AcuPick video search technology to help users locate target videos more accurately and conveniently. , In May 2023, Motorola Solutions launched its next-generation V700 body camera with mobile broadband capabilities to give public safety agencies another critical source of real-time field intelligence and collaboration. The V700 seamlessly integrates with Aware - a cloud-based platform that provides a standard operating view and the M500 in-car video system, APX radios, and Holster Aware sensors. , In September 2022, Hikvision announced the latest additions to its Pro series PTZ cameras, including integrating ColorVu technology for the first time in this range. With ColorVu, Hikvision's new Pro series cameras can provide consistent image brightness and full-color imaging as the camera zooms in and out. This ensures crystal-clear details and vivid color for distant objects at all times and in all conditions. , KEY MARKET SEGMENTS, By Offering , Hardware , Software , Service , By Deployment Mode , On-premises , Cloud-based , By Use Cases , Gun Detection , Industrial Temperature Monitoring , Anomaly detection and Behavior Recognition , Facial recognition/Person search , Object detection and tracking , Intrusion detection and perimeter protection , Smoke and Fire Detection , Traffic Flow Analysis/ Accident and Traffic Incident Detection , False alarm filtering , Parking Monitoring , Vehicle Identification and Numberplate Recognition , By Vertical , Commercial , Residential , Infrastructure , Military & Defense , Public Facility , Industrial , By Region , North America , Europe , Asia Pacific , RoW, KEY MARKET PLAYERS , Hangzhou Hikvision Digital Technology Co., Ltd. , Dahua Technology Co., Ltd. , Avigilon Corporation , Milestone Systems A/S , YITU Tech , SenseTime , Agent Video Intelligence Ltd..

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