AI in Video Surveillance Market to Reach $16.3 Billion by 2028

Chicago, July 19, 2023 /PR Newswire/ –The value of global AI in the video surveillance market is $5.6 billion Projected to be achieved by 2023 $16.3 billion By 2028. From 2023 to 2028, he is expected to grow at a CAGR of 23.7%, according to a new report from MarketsandMarkets™. The advent of cloud computing has had a major impact on AI capabilities in video surveillance. The cloud-based platform provides scalable storage and computing resources, enabling centralized management, remote access, and integration of AI-powered analytics across multiple cameras and locations. These technological advances have driven the capabilities of AI in video surveillance, enabling more intelligent, efficient, and reliable security systems.

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Scope of the AI ​​in Video Surveillance Market Report:

AI wireless AI cameras in video surveillance market is expected to maintain the highest CAGR during the forecast period.

The growth of the wireless camera market is driven by the distinct advantages these cameras offer. Wireless cameras are easier to install than wired systems, reducing installation costs. Greater flexibility as it can be placed anywhere without the constraints of wires. A wireless surveillance system also allows remote monitoring of camera feeds from anywhere in the world. However, wireless cameras have some drawbacks. Analog cameras and DVRs cannot be connected wirelessly, so wireless connectivity is limited to IP cameras and his NVR. Additionally, wireless cameras are susceptible to signal loss due to interference and tampering. As a result, most cameras deployed worldwide are still wired cameras.

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

By 2022, the commercial sector will have the largest share of AI in the video surveillance industry, and this trend is expected to continue. Rising security concerns across various applications within the commercial sector including retail, corporate, banking and financial institutions have increased the importance of video surveillance systems. The rise in security breaches such as lost inventory, robbery, unauthorized access, and other criminal activities has increased the demand for AI-powered video surveillance solutions in the commercial sector. In addition, the significant growth of small businesses and the expansion of retail stores and shopping malls have also contributed to the increased adoption of surveillance systems in recent years.

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AI in the Video Surveillance Market Asia Pacific Maintain the highest CAGR during the forecast period.

of Asia Pacific The region is witnessing significant growth and adoption of AI in the video surveillance market. The region’s rapid urbanization, population growth, and growing security concerns are driving demand for advanced video surveillance systems integrated with AI technology. Governments of countries such as: China, Indiaand Japan It has invested heavily in smart city initiatives, leading to the deployment of large-scale video surveillance networks. AI-powered video analytics such as facial recognition and object detection are being used to enhance security in congested areas, transportation hubs and critical infrastructure, and improve public safety. The region also benefits from the presence of several large technology companies and start-ups that are focusing on AI in video surveillance.

AI for video surveillance companies includes Hikvision Digital Technology Co., Ltd. (China), Dahua Technology Co., Ltd. (China), Avigilon (Canada), Milestone Systems A/S (Denmark), YITU Tech (China), sense time (China), Agent Video Intelligence Ltd. (USA), etc. These companies have a strong presence in the AI ​​market in video surveillance in different countries. North America, Europe, Asia Pacificand RoW.

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