According to a new report, published by KBV research, The Global AI in Video Surveillance Market size is expected to reach $24.4 billion by 2030, rising at a market growth of 23.4% CAGR during the forecast period.
The Cloud-based segment would obtain a CAGR of 25.4% during (2023 - 2030). Cloud-based AI offers a scalable solution that can effectively handle enormous volumes of video footage despite the exponential development in video data produced by security cameras. AI algorithms may quickly identify anomalies, hazards, or suspicious activity by analyzing and processing massive amounts of data in real-time using the power of cloud computing.
The Hardware segment is leading the Global AI in Video Surveillance Market by Offering in 2022; thereby, achieving a market value of $13.9 billion by 2030. Due to growing security concerns in numerous industries, cameras are used extensively everywhere. Many hardware-based advances that offer greater low-light performance, object tracking, and built-in security have been made possible by the industry shift toward IP cameras.
The Industrial market segment is registering a CAGR of 24.1% during (2023 - 2030). The industrial sector includes the manufacturing, building, and automobile industries. The manufacturing sector is vulnerable to various security risks, such as theft and vandalism of expensive equipment and raw materials, including steel, copper, and optical fibers. As a result, installing a planned surveillance system with cameras across a manufacturing facility can enhance industrial safety and security.
The Asia Pacific region dominated the Global AI in Video Surveillance Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $8.7 billion by 2030. The Europe market is anticipated to grow at a CAGR of 23.2% during (2023 - 2030). Additionally, The North America market would witness a CAGR of 23% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/ai-in-video-surveillance-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Genetec, Inc., Hangzhou Hikvision Digital Technology Co., Ltd., Zhejiang Dahua Technology Co., Ltd., Avigilon Corporation (Motorola Solutions), NEC Corporation, Honeywell International Inc., CloudWalk Technology Co. Ltd., Panasonic Holdings Corporation, Huawei Technologies Co., Ltd. and Corsight AI.
By Deployment Type
By Offering
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Companies Profiled
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