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 1/5thshare 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.
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.
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.
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.
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 1/5thshare 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.
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.
The Cardinal Matrix - Market Competition Analysis
Based on the analysis presented in the The 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.
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.
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).
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.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.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
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
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Global AI in Video Surveillance Market by Deployment Type
Chapter 6. Global AI in Video Surveillance Market by Offering
Chapter 7. Global AI in Video Surveillance Market by Vertical
Chapter 8. Global AI in Video Surveillance Market by Region
Chapter 9. Company Profiles
Companies Mentioned
- 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
Methodology
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