Chicago, Sept. 12, 2023 (GLOBE NEWSWIRE) -- The AI in Video Surveillance Market by Hardware (AI Cameras, Monitors, Storage Devices, Servers), Software (AI Video Management Software, AI-Driven Video Analytics), Service (VSaaS), Deployment (On-premises, Cloud-based), Vertical - Global Forecast to 2028. In 2023, an increasing number of manufacturers are anticipated to include AI-based analytics as a standard feature in cameras and video management systems (VMS). As security cameras are now prevalent in nearly every environment, the task of manually monitoring them all has become exceedingly challenging for human operators. By incorporating AI-based analytics, security professionals gain valuable tools to effectively process and manage the vast amount of images and data they encounter.
Scope of the Report AI in Video Surveillance Market
| Report Metric | Details |
| Estimated Market Size | USD 5.6 billion in 2023 |
| Projected Market Size | USD 16.3 billion by 2028 |
| Growth Rate | CAGR of 23.7% |
| Market size available for years | 2019-2028 |
| Base year considered | 2022 |
| Forecast period | 2023-2028 |
| Forecast units | Value (USD Million/Billion) |
| Segments Covered | By Offering, Deployment Mode, Use Cases, and By Application |
| Geographies covered | North America, Europe, Asia Pacific, and RoW |
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Hangzhou Hikvision Digital Technology Co., Ltd. (China)
Hikvision is a renowned global leader in video surveillance solutions, offering cutting-edge technology and innovative products for various industries. With a strong focus on artificial intelligence (AI), Hikvision has revolutionized the field of video surveillance by incorporating advanced algorithms and deep learning capabilities into their systems. The company's business overview showcases a comprehensive range of AI-powered products tailored for video surveillance applications. Hikvision's offerings include high-definition IP cameras, thermal cameras, panoramic cameras, and PTZ cameras, all equipped with AI-driven features. Hikvision also provides intelligent video management software and powerful NVR (Network Video Recorder) systems that integrate seamlessly with their AI cameras. These software solutions enable efficient video analysis, real-time event detection, and intelligent data management. Moreover, Hikvision's AI offerings extend beyond hardware and software. They provide deep learning technologies and open AI platforms, allowing developers to create customized AI applications and solutions for specific customer needs. The company's commitment to research and development ensures constant innovation and the continuous improvement of their AI algorithms, enabling customers to stay at the forefront of video surveillance technology.
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Dahua Technology Co., Ltd. (China)
Dahua Technology is a leading provider of video surveillance solutions, known for its extensive range of products and innovative AI capabilities. With a strong emphasis on artificial intelligence (AI), Dahua has established itself as a prominent player in the field of video surveillance, delivering advanced technologies and comprehensive solutions for various industries. Dahua's business overview highlights a diverse portfolio of AI-powered products designed specifically for video surveillance applications. The company offers a wide selection of AI cameras, including IP cameras, thermal cameras, PTZ cameras, and multi-sensor cameras, all equipped with advanced image processing algorithms and deep learning capabilities. These cameras deliver exceptional image quality, precise detection, and intelligent analytics, enabling users to extract meaningful insights from video footage. In addition to cameras, Dahua provides a range of AI-enabled software and systems to complement their hardware offerings. Their video management software (VMS) solutions and network video recorders (NVRs) integrate seamlessly with the AI cameras, facilitating efficient video analysis, event detection, and intelligent data management. Furthermore, Dahua's AI algorithms encompass a wide range of functionalities, including facial recognition, people counting, perimeter protection, object tracking, and behavior analysis, among others.
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AI in video surveillance market dynamics
- Driver: Advancements in deep learning and computer vision
- Restraint: Privacy concerns and ethical considerations
- Opportunity: Growth in smart city initiatives
- Challenge: System reliability and false positives
Ai In Video Surveillance Market Ecosystem
The AI in video surveillance market is dominated by established and financially sound manufacturers with extensive experience in the industry. These companies have diversified product portfolios, cutting-edge technologies, and strong global sales and marketing networks. Leading players in the market include Hangzhou Hikvision Digital Technology Co., Ltd. (China), Dahua Technology Co., Ltd. (China), Avigilon Corporation (Canada), Milestone Systems A/S (Denmark), YITU Tech (China), SenseTime (China), Agent Video Intelligence Ltd. (US) and others.
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The video surveillance Market is dominated by players such as Hangzhou Hikvision Digital Technology Co., Ltd. (China), Zhejiang Dahua Technology Co., Ltd. (China), Axis Communications AB (Sweden), Bosch Security Systems, LLC (Germany), Zhejiang Uniview Technologies Co.,Ltd. (China), and others.
