The Artificial Intelligence (AI) In Video Surveillance Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Artificial Intelligence (AI) In Video Surveillance Global Market Report 2024, The AI in video surveillance market size is expected to see exponential growth in the next few years. It will grow to $12.04 billion in 2028 at a compound annual growth rate (CAGR) of 20.9%. The growth in the forecast period can be attributed to government regulations, smart city initiatives, remote monitoring, industry-specific applications, and cloud-based solutions. Major trends in the forecast period include edge computing for ai, advanced analytics, cloud-based video surveillance, deep learning algorithms, and real-time alerts and automation.
The growth in smart city initiatives is expected to propel the growth of artificial intelligence (AI) in the video surveillance market going forward. Smart city initiatives refer to the use of technology, data, and innovation to improve the quality of life, sustainability, and efficiency of urban areas. Smart city initiatives can significantly enhance the capabilities of artificial intelligence (AI) in video surveillance by providing a connected infrastructure and a wealth of data for analysis. For instance, in September 2021, according to the Ministry of Housing and Urban Affairs, an India-based government ministry, as of December 2022, a total of 5,005 projects amounting to $11.161 billion have been completed, while 2,737 projects worth $10.684 billion are in the advanced stage of implementation. Additionally, 1,707 projects worth $4.422 billion were completed in the current year, indicating significant progress in the Smart Cities Mission in India. Therefore, the growth in smart city initiatives is driving the growth of artificial intelligence (AI) in the video surveillance market.
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The artificial intelligence (ai) in video surveillance market covered in this report is segmented –
1) By Offering: Hardware, Software, Service
2) By Deployment Mode: On-Premises, Cloud-Based
3) By Use Cases: Gun Detection, Industrial Temperature Monitoring, Anomaly Detection And Behavior Recognition, Facial Recognition Or Person Search, Object Detection And Perimeter Protection, Intrusion Detection And Perimeter Protection, Smoke And Fire Detection, Traffic Flow Analysis Or Accident and Traffic Incident Detection, False Alarm Filtering, Other Use Cases
4) By Vertical: Commercial, Residential, Infrastructure, Military And Defense, Public Facility, Industrial
Major companies operating in the artificial intelligence (AI) in the video surveillance market are developing innovative products such as AWS panorama appliances to improve their operations and reduce costs by using existing on-premises cameras for computer vision applications. The AWS Panorama Appliance is a device that allows for the deployment of self-contained computer vision applications at the edge without sending images to the AWS Cloud. For instance, in October 2021, Amazon Web Services, a US-based cloud computing company, launched AWS Panorama Appliance, an edge computing hardware box with integrated AI for analyzing video streams from security cameras and providing analytics insights. The Appliance can run multiple computer vision models against multiple video streams in parallel and is designed for use in commercial and industrial settings, rated for dust and liquid. By integrating with other AWS services, customers can track data from the application over time. The Appliance is integrated with Amazon SageMaker, allowing for the development and deployment of computer vision models.
The artificial intelligence (ai) in video surveillance market report table of contents includes:
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