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AI in Video Surveillance Market Driving the Strong CAGR 23.1% in the Industry Market Dynamics, Size, and Growth Overview Report 2023 - 2030 | Publish by MarketDigits
AI in Video Surveillance Market Scope:Market size value in 2023 - USD 5.9 Billion
Market size value in 2030 - USD 25.3 Billion
CAGR (2023-2030) - 23.1%
Forecast Period - 2023-2030
Segments Covered - Deployment Type, Offering, Software, Services, Vertical & Region
Geographies Covered - North America, Europe, Asia Pacific, and Row
Sample of Companies Covered - Honeywell International Inc., CloudWalk Technology Co. Ltd., Panasonic Holdings Corporation, Huawei Technologies Co., Ltd.
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178-Tables
95-Figures
332-Pages
Asia-Pacific dominates the market for AI in Video Surveillance.
The Asia-Pacific (APAC) region dominates the global AI in video surveillance market, with China being a key contributor. The region's leadership is attributed to the rapid urbanization, increasing security concerns, and substantial government investments in smart city projects. China, in particular, is a major player, deploying advanced AI technologies in video surveillance for public safety and urban management. The European market follows closely, with a focus on technological innovation and stringent regulations driving the adoption of AI in video surveillance.
Looking ahead, countries in the Middle East, such as the United Arab Emirates (UAE), are emerging as high-growth markets due to their investments in smart city initiatives and the need for robust security measures. Additionally, Latin American countries like Brazil are witnessing a growing demand for AI in video surveillance to address security challenges. These regions offer significant growth potential as they increasingly prioritize the integration of AI technologies for enhanced security and urban development.
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Top Key Players Covered in the Report-
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., Corsight AI and Others.
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Recent Developments
June 2023, A software update called XProtect 2023 R2 was recently released by Milestone Systems in response to the changing needs of customers of video management software (VMS).
https://industrytoday.co.uk/market-research-industry-today/ai-in-video-surveillance-market-is-experiencing-new-opportunities-competitive-edge-featured-by-top-market-key-players-honeywell-international-inc-cloudwalk-technology-co-ltd-panasonic-holdings-corporation-forecast-to-2030
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