AI in Video Surveillance Market

Global AI in Video Surveillance Market Size, Share & Industry Trends Analysis Report By Deployment Type (On-premise and Cloud-based), By Offering, By Vertical, By Regional Outlook and Forecast, 2023 - 2030

Report Id: KBV-16741 Publication Date: August-2023 Number of Pages: 390
Special Offering:
Industry Insights | Market Trends
Highest number of Tables | 24/7 Analyst Support

Analysis of Market Size & Trends

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 growing focus on public safety and security in cities, transit systems, and public areas is a major factor propelling the use of video surveillance in various infrastructures. Therefore, the Infrastructure segment would showcase 1/5th share in the market by 2030. The essential role of video surveillance in maintaining the protection of persons and infrastructure is being acknowledged by governments and organizations worldwide. The deployment of modern video surveillance systems with AI capabilities is a particular focus of recent news stories on the increased investments in smart city initiatives and transportation infrastructure. These technologies can enhance situational awareness and enable rapid reaction by anticipating and responding to potential hazards, including unauthorized access, driving breaches, or suspicious activity.

AI in Video Surveillance Market Size - Global Opportunities and Trends Analysis Report 2019-2030

The major strategies followed by the market participants are Product Launches as the key developmental strategy to keep pace with the changing demands of end users. For instance, In May, 2023, Dahua Technology announced the launch of AcuPick video search technology, an industry-leading technical solution, to help users locate target videos with more convenience and accuracy. Additionally, In May, 2023, Motorola Solutions, the parent company of Avigilion, released the V700 body camera a mobile broadband-enabled camera, to ensure a clear, accurate account of events, the V700's precision high-definition sensor adjusts to low lighting similar to a human eye.

KBV Cardinal Matrix - Market Competition Analysis

Based on the Analysis presented in the KBV Cardinal matrix; Honeywell International Inc. and Huawei Technologies Co., Ltd. are the forerunners in the Market. In September, 2022, Honeywell released VESDA Air Solution, a solution that early warning smoke detection with innovative indoor air quality monitoring, to support identifying environmental concerns before they become problems. Companies such as Hangzhou Hikvision Digital Technology Co., Ltd., Zhejiang Dahua Technology Co., Ltd., and Avigilon Corporation (Motorola Solutions) are some of the key innovators in the Market.

AI in Video Surveillance Market - Competitive Landscape and Trends by Forecast 2030

Market Growth Factors

Rising criminal activity and terrorist attacks

Video surveillance systems have become necessary due to the rise in terrorist attacks, particularly in nations like the US and the UK. Additionally, video surveillance systems prevent antisocial behaviors, including burglary, murder, robbery, and theft. In addition, to prevent criminal and terrorist activity, the governments of numerous nations have enacted strict restrictions requiring the installation of video surveillance systems in public places, including malls, hotels, airports, ports, and hospitals. As they build up an alarm system that immediately alerts security professionals when the AI monitoring system detects suspicious behavior, several suppliers also work on techniques to prevent crimes. This makes possible immediate action and threat prevention. As a result, the market is expanding due to the need to reduce criminal activity and terrorist attacks.

Growth in smart city initiatives

An urban region that utilizes many electrical techniques and sensors is generally referred to as “smart city”. According to the UK government’s Smart Cities Pitchbook, approximately 7 billion people will live in cities by the year 2050, creating a significant demand for smart city goods and services. The world’s population is projected to reach 9.7 billion by then. By 2020, it is anticipated that the smart cities will be worth more than GBP 900 billion, which is equal to the GDP of the twelfth-largest country on earth. The idea of smart cities, supported by regional governments, is becoming increasingly popular in many countries throughout the world. By automatically identifying and warning about suspicious behaviors, crowd management, or traffic problems, AI video surveillance helps with crime prevention, emergency response, and general public safety. The market will grow due to the rising number of smart city initiatives.

Market Restraining Factors

Ethical issues and privacy problems

Despite being used to prevent and identify crimes, video surveillance may compromise people's privacy. Without the owners' permission, public surveillance systems might monitor private spaces like apartments and offices, damaging their privacy. Due to widespread video surveillance, governments can create a picture of people's lives without their permission. Therefore, privacy concerns and ethical issues are important barriers to adopting AI in the video surveillance sector. The right to anonymity is one of the main constitutionally guaranteed rights in many nations that is being violated by disruptive video surveillance. It is crucial to balance maintaining security and defending people's right to privacy, failing which the market would be harmed.

AI in Video Surveillance Market Share 2022

The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Product Launches and Product Expansions.

Offering Outlook

On the basis of offering, the market is segmented into hardware, software, and services. The software segment acquired a substantial revenue share in the market in 2022. The growth of the segment is owed to the growing adoption of network security cameras. While the established market players create their software, the up-and-coming firms can integrate industry-available surveillance software from independent software suppliers (ISVs).

AI in Video Surveillance Market Share and Industry Analysis Report 2022

Deployment Type Outlook

Based on deployment mode, the market is fragmented into on-premise and cloud-based. The on-premise segment held the highest revenue share in the market in 2022. On dedicated hardware or servers where the security cameras are installed, on-premises AI video surveillance runs the AI algorithms and video analytics locally. It depends on data sensitivity, processing demands, financial limits, scalability requirements, and legal restraints. Organizations frequently assess their unique scenarios and requirements before choosing the on-premise deployment architecture for AI in video surveillance.

Vertical Outlook

On the basis of vertical, the market is categorised into commercial, residential, infrastructure, military & defence, public facility, and industrial. The commercial segment registered the highest revenue share in the market in 2022. The importance of video surveillance systems has increased due to the rising security concerns in various commercial applications, including retail, businesses, banks, and financial institutions. The demand for AI-powered video surveillance solutions in the commercial sector has increased due to security breaches such as inventory loss, robbery, illegal access, and other criminal activities.

AI in Video Surveillance Market Report Coverage
Report AttributeDetails
Market size value in 2022USD 4.6 Billion
Market size forecast in 2030 USD 24.4 Billion
Base Year2022
Historical Period2019 to 2021
Forecast Period2023 to 2030
Revenue Growth RateCAGR of 23.4% from 2023 to 2030
Number of Pages390
Number of Table633
Report coverageMarket Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Market Share Analysis, Companies Strategic Developments, Company Profiling
Segments coveredOffering, Deployment Type, Vertical, Region
Country scopeUS, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria
Growth Drivers
  • Rising criminal activity and terrorist attacks
  • Growth in smart city initiatives
Restraints
  • Ethical issues and privacy problems

Regional Outlook

Region wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific region witnessed the largest revenue share in the market. China is one of the world's biggest markets for AI in video surveillance equipment and systems. Data from the National Development and Reform Commission indicate that to improve security and preserve social stability, the nation is committed to installing video surveillance cameras with facial recognition technology in significant public areas. Notably, opportunities for home and small business video surveillance systems are expanding. The regional deployment of AI-based video surveillance systems is further accelerated by the governments’ emphasis on municipal surveillance and smart city programs.

Free Valuable Insights: Global AI in Video Surveillance Market size to reach USD 24.4 Billion by 2030

The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include 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.

Strategies deployed in the Market

» Partnerships, Collaborations and Agreements:

  • Jun-2023: Huawei joined hands with UNIDO, a specialized agency in the United Nations system. Under this collaboration, both companies would build a platform for knowledge and collaboration sharing to drive innovation and application for AI technologies in manufacturing and industry and accelerate the digital economy.
  • Mar-2023: Honeywell collaborated with Bengaluru City Police and completed phase 1 of the Safe City project, with more than 4,100 video cameras installed at 3,000 strategic locations across the city. These cameras are intended to identify serious situations and speed up police response. Additionally, the cameras are linked to a command center that uses machine learning (ML) and artificial intelligence (AI).
  • May-2022: Panasonic Entertainment announced a collaboration with Leica, a global manufacturer of high-end cameras and high-tech devices, to build new technologies and solutions for cameras. The collaboration, called L Square, uses the two “Ls” of the two companies, “Lumix” and “Leica”. Furthermore, both companies combined their technologies to use Panasonic’s video and digital technology and Leica's optical and imaging technology to develop new solutions.
  • Sep-2021: Dahua Technology partnered with Yeastar, the world’s leading provider of SME PBX systems, on PBX-Intercom integration. Under this partnership, both companies aim to provide small and medium-sized enterprises with a complete and unified communication solution that allows mutual customers to benefit from visual internal communication, remote access control, integrated video conferencing, instant messaging and file sharing, and many other services.

» Product Launches and Product Expansions:

  • May-2023: Dahua Technology announced the launch of AcuPick video search technology, an industry-leading technical solution. The launch aims to help users locate target videos with more convenience and accuracy. Additionally, AcuPick provides quick search, easy operation, and high accuracy, leading latest technological advancement in the sector.
  • May-2023: Motorola Solutions, the parent company of Avigilion, released the V700 body camera a mobile broadband-enabled camera. The V700 body camera would provide public safety agencies with another critical source of real-time field intelligence and collaboration. Additionally, the launch aims to ensure a clear, accurate account of events, the V700's precision high-definition sensor adjusts to low lighting similar to a human eye.
  • Sep-2022: Hikvision made enhancements to its Pro series PTZ cameras with the addition of ColorVu technology. The integration of ColorVu in Hikvision's new Pro series cameras would deliver consistent image brightness and complete color imaging as the camera zooms in and out. Furthermore, the enhancement makes sure crystal-clear details and vivid color for distant objects at all times and in all situations.
  • Sep-2022: Honeywell released VESDA Air Solution, a solution that early warning smoke detection with innovative indoor air quality monitoring. The product is created on the VESDA - -E line of aspirating smoke detectors, that integrates early warning smoke detection and advanced IAQ parameter monitoring into a single system to support identifying environmental concerns before they become problems.
  • May-2022: Dahua Technology introduced its updated WizSense series, by adopting a deep-learning algorithm and an independent AI chip. The latest WizSense integrates Quick Pick, AI Scene Self-adaption (SSA), SMD 4.0, AI Coding, and other extended AI functions for fast target search, to deliver accurate detection and inclusive AI products to customers.
  • Sep-2021: Impact by Honeywell, a brand of Honeywell, introduced the Impact AC controller, a battery-operated, DIY portfolio built for small- and mid-sized commercial buildings, The Impact AI-based video surveillance, a suite consisting of integrated camera-processor setup, and The Impact wireless smoke detector, a DIY portfolio for buildings, across India. The offerings are developed to enhance productivity, improve safety, decrease costs, and improve compliance for SME customers in and beyond tier-1 and tier-2 cities.
  • May-2021: Dahua Technology launched its updated WizMind series, which offers a broad portfolio of project-oriented products and flexible AI solutions focused on human, object, and thermal technologies, and vehicles, delivering an enhanced AI experience to vertical markets with state-of-the-art custom solutions and convenience to users with design needs in construction, retail, traffic management, energy and many other industries.
  • Feb-2021: Motorola Solutions unveiled the AI Network Video Recorder (AI NVR), the latest addition to its video security and analytics portfolio. The AI NVR gives businesses a solution that satisfies their analytic, storage, and cybersecurity demands by fusing the standard Avigilon NVR with the capabilities of the Avigilon AI Appliance.

» Acquisitions and Mergers:

  • May-2022: Motorola Solutions completed the acquisition of Videotec S.p.A., a provider of ruggedized video security solutions based in Italy. Through this acquisition, Motorola with Videotec’s leading portfolio of cameras, the company is broadening the breadth of its suite to help secure and support the required environments of these complex, essential industries.

Scope of the Study

Market Segments Covered in the Report:

By Deployment Type

  • On-premise
  • Cloud-based

By Offering

  • Hardware
    • AI Cameras
    • Storage Devices
    • Servers
    • Monitors
  • Software
    • AI Video Management
    • AI-driven Video Analytics
  • Services
    • Video Surveillance as a Service
    • Installation & Maintenance

By Vertical

  • Commercial
  • Infrastructure
  • Public Facility
  • Military & Defense
  • Residential
  • Industrial

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Key Market Players

List of Companies Profiled 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
Need a report that reflects how COVID-19 has impacted this market and its growth? Download Free Sample Now

Frequently Asked Questions About This Report

The Market size is projected to reach USD 24.4 billion by 2030.

Rising criminal activity and terrorist attacks are driving the Market in coming years, however, Ethical issues and privacy problems restraints the growth of the Market.

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.

The expected CAGR of this Market is 23.4% from 2023 to 2030.

The Hardware segment is leading the Market by Offering in 2022; thereby, achieving a market value of $13.9 billion by 2030.

The Asia Pacific region dominated the 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.

HAVE A QUESTION?

HAVE A QUESTION?

Call: +1(646) 600-5072

SPECIAL PRICING & DISCOUNTS


  • Buy Sections of This Report
  • Buy Country Level Reports
  • Request for Historical Data
  • Discounts Available for Start-Ups & Universities

Unique Offerings Unique Offerings


  • Exhaustive coverage
  • The highest number of Market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Support with 10% customization free after sale

Trusted by over
5000+ clients

Our team of dedicated experts can provide you with attractive expansion opportunities for your business.

Client Logo