AI in Video Surveillance Market worth $16.3 billion by 2028 - Exclusive Report by MarketsandMarkets™

CHICAGO, July 19, 2023 /PRNewswire/ --The global 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 according to a new report by MarketsandMarkets™. The advent of cloud computing has significantly impacted the AI capabilities in video surveillance. Cloud-based platforms provide scalable storage and computing resources, allowing for centralized management, remote access, and the integration of AI-powered analytics across multiple cameras and locations. These technological advancements have propelled the capabilities of AI in video surveillance, enabling more intelligent, efficient, and reliable security systems.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=84216922

Browse in-depth TOC on "AI in Video Surveillance Market" 

194 – Tables
56 – Figures
223 – Pages

AI in Video Surveillance Market Report Scope:

AI in video surveillance market for wireless AI cameras to hold the highest CAGR during the forecast period.

The growth of the wireless camera market is driven by the distinct advantages that these cameras offer. Wireless cameras are easier to install than wired systems, reducing installation costs. They provide greater flexibility as they can be placed at any location without the constraints of wires. Wireless surveillance systems also enable remote monitoring of camera feeds from anywhere worldwide. However, wireless cameras do have some disadvantages. Analog cameras and DVRs cannot be connected wirelessly, limiting wireless connectivity to IP cameras and NVRs. Additionally, wireless cameras are susceptible to signal losses due to interference or tampering. As a result, most cameras deployed globally are still wired cameras.

AI in video surveillance market for commercial vertical to hold the highest market share during the forecast period.

In 2022, the commercial vertical held the largest share in the AI in video surveillance industry, and this trend is expected to persist. The escalating security concerns across various applications within the commercial sector, including retail, enterprises, banks, and financial institutes, have led to the growing importance of video surveillance systems. The rise in security breaches such as inventory loss, robbery, unauthorized access, and other criminal activities has fueled the demand for AI-powered video surveillance solutions in the commercial space. Furthermore, the significant growth of small businesses, as well as the expansion of retail stores and malls, has contributed to the increased adoption of surveillance systems in recent years.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=84216922

AI in video surveillance market for Asia Pacific to hold the highest CAGR during the forecast period.

The Asia Pacific region is witnessing significant growth and adoption of AI in the video surveillance market. The region's rapid urbanization, increasing population, and rising security concerns are driving the demand for advanced video surveillance systems integrated with AI technologies. Governments in countries like China, India, and Japan are investing heavily in smart city initiatives, leading to the deployment of extensive video surveillance networks. AI-powered video analytics, including facial recognition and object detection, are being utilized to enhance security and improve public safety in crowded areas, transportation hubs, and critical infrastructure. The region also benefits from the presence of several major technology companies and startups focusing on AI in video surveillance.

The AI in video surveillance companies includes major Tier I and II players like 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. These players have a strong market presence of AI in video surveillance across various countries in North America, Europe, Asia Pacific, and RoW.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=84216922

Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports: 

Video Analytics Market by Component (Software and Services), Application (Incident Detection, Intrusion Management, Traffic Monitoring), Deployment Model (Cloud and On-premises), Type, Vertical and Region - Global Forecast to 2027

Video Surveillance Market by Offering (Hardware (Camera, Storage Device, Monitor), Software (Video Analytics, VMS), Service (VSaaS)), System (IP, Analog, Hybrid), Vertical and Geography (North America, Europe, APAC, RoW) - Global Forecast to 2027

Network Camera and Video Analytics Market - Global Forecast, Trend & Analysis – Segmentation by Technology, Function, Resolution, Product & Service Type, System Architecture, Verticals, Application and Geography (2012 - 2017)

VSaaS Market by Type (Hosted, Managed, and Hybrid), Vertical (Commercial, Infrastructure, Residential, Public Facilities, Military & Defense, and Industrial) and Geography (North America, APAC, Europe, Rest of the World)- Global Forecast to 2027

Mobile Video Surveillance Market by Offering (Hardware, Software, Service), Application (Railways, Buses, Transport Vehicles, Police Vehicles, Drones), Vertical (Law Enforcement, Transportation, Industrial) and Geography - Global Forecast to 2027

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/ai-in-video-surveillance-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/ai-in-video-surveillance.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg