Press release
Artificial Intelligence (AI) In Video Surveillance Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
What industry-specific factors are fueling the growth of the artificial intelligence (ai) in video surveillance market?The surge in smart city initiatives is predicted to boost the development of artificial intelligence (AI) within the video surveillance market. These initiatives encompass the application of technology, data, and innovative practices to enhance the quality of life, sustainability, and efficiency in urban regions. They can greatly amplify the capabilities of AI in video surveillance by generating a connected infrastructure and an abundance of data for in-depth analysis. For instance, the Office for National Statistics, a UK-based Statistics Authority, reported in July 2024 that the general government's total infrastructure investment increased by 9.6% in 2022, touching £26.0 billion ($32.8 billion), including £19.3 billion ($24.4 billion) contributed by the central government and £6.7 billion ($8.5 billion) from the local government. Notably, transport projects constituted £22.5 billion ($28.5 billion) or 74.2% of the total investment, indicating a 1.1 percentage point hike from the previous year. As a result, the expansion of smart city initiatives is fueling the advancement of AI in the video surveillance market.
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What Is the projected market size and growth rate for the artificial intelligence (ai) in video surveillance market?
In recent years, the market size for artificial intelligence (AI) in video surveillance has seen significant expansion. The projection indicates an increase from $5.63 billion in 2024 to $6.81 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 21.0%. This surge during the historical span can be linked to escalating security threats, progress in AI and machine learning, the need for immediate monitoring, cost-efficient strategies, and amalgamation with IoT devices.
The market size of artificial intelligence (AI) applied in video surveillance is projected to undergo significant growth in the upcoming years, expected to expand to $14.62 billion in 2029 with a compound annual growth rate (CAGR) of 21.0%. This expected surge during the forecast period is primarily due to factors such as governmental legislation, initiatives towards the development of smart cities, remote surveillance, industry-targeted applications, and cloud-based solutions. Key trends predicted for the forecast period encompass edge computing for AI, advanced analytics, cloud-dependent video surveillance, deep learning algorithms along with real-time notification and automation systems.
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What are the most significant trends transforming the artificial intelligence (ai) in video surveillance market today?
Leading companies within the AI in video surveillance market are introducing groundbreaking products, such as compact dual-lens cameras, to strengthen security surveillance. These compact dual-lens cameras use twin lenses to deliver wide-angle images, all while keeping a small, unobtrusive shape, making them perfect for security applications. In one example, Hangzhou Hikvision Digital Technology Co. Ltd., a company that specialises in video surveillance equipment from China, unveiled the Turbo HD 8.0 in April 2024. This marked a significant progression in the convergence of audio and visual technologies. The product introduces numerous sophisticated security features, such as two-way audio for instant communication, compact dual-lens cameras featuring 180-degree stitching technology, and Smart Hybrid Light for improved night-time vision. Additionally, the PowerX DVR with AcuSense features facial recognition and motion detection, demonstrating Hikvision's ongoing dedication to technological innovation in security solutions.
What major market segments define the scope and growth of the artificial intelligence (ai) in video surveillance market?
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
Subsegments:
1) By Hardware: Cameras, Storage Devices, Processors
2) By Software: Video Analytics, Video Management Software (VMS), Facial Recognition Software
3) By Service: Installation And Integration, Maintenance And Support, Consulting Services
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Which region dominates the artificial intelligence (ai) in video surveillance market?
Asia-Pacific was the largest region in the AI in video surveillance market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence (AI) in video surveillance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the artificial intelligence (ai) in video surveillance industry growth?
Major companies operating in the artificial intelligence (AI) in video surveillance market report are Huawei Technologies Co. Ltd., Panasonic Holdings Corporation, Hanwha Group, Honeywell International Inc., Dahua Technology Co. Ltd., NEC Corporation, IntelliVision, ZTE Corporation, Hangzhou Hikvision Digital Technology Co. Ltd., Cisco Meraki, Avigilon Corporation, SenseTime, Genetec Inc., Milestone Systems A/S, CloudWalk Technology Co. Ltd., Eagle Eye Networks, Gorilla Technology, Clarifai, Corsight AI, YITU Tech, Agent Video Intelligence Ltd., Pure Tech Systems, Simshine Intelligent Technology Co. Ltd
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What Is Covered In The Artificial Intelligence (AI) In Video Surveillance Global Market Report?
• Market Size Forecast: Examine the artificial intelligence (ai) in video surveillance market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the artificial intelligence (ai) in video surveillance market for a structured understanding.
• Key Players Overview: Analyze major players in the artificial intelligence (ai) in video surveillance market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the artificial intelligence (ai) in video surveillance market.
• Segment Contributions: Evaluate how different segments drive overall growth in the artificial intelligence (ai) in video surveillance market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the artificial intelligence (ai) in video surveillance market.
• Industry Challenges: Identify potential risks and obstacles affecting the artificial intelligence (ai) in video surveillance market.
• Competitive Landscape: Review strategic developments in the artificial intelligence (ai) in video surveillance market, including expansions, agreements, and new product launches.
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