Global AI for surveillance and security Market will Reach USD 4.46 Bn by 2023

Tue Feb 4, 2020 - 6:03am GMT+0000

the global AI for surveillance and security market will see a substantial growth by USD 4.46 billion in 2023. At least 43% of 176 countries are actively using AI for surveillance and security.

Fremont, United States – February 4, 2020 /MarketersMedia/

The surveillance and security industry have seen new and advanced solutions with the emergence of Artificial intelligence (AI) for organizations in different industry verticals. The entire surveillance and security industry are in a state of revamp in term of surveillance security, and AI is anticipated to impact the video surveillance market in a big way soon.

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AI has improved the picture entirely through real-time monitoring of video footages with the smart analysis of how security incidents can possibly occur and the requirements for preventing them from occurring. Numerous big IT merchants have come up with AI solutions that can detect unattended objects like bags in airports and public spaces, thereby enabling security agencies to act before it’s too late.According to AllTheResearch, the global AI for surveillance and security market will see a substantial growth by USD 4.46 billion in 2023. The AI for surveillance and security Market is expanding at a faster rate to a wider range of countries. At least 43% of 176 countries are actively using AI for surveillance and security. This includes smart city/safe city platforms, facial recognition systems, and smart policing. Software companies like Avigilon Control Center (ACC), Avigilon Access Control Manager (ACM), Hitachi Video Management Platform (VMP), Dell Technologies IoT Solution for Surveillance, Eagle Eye Cloud VMS, and DMI EndZone are providing various AI for surveillance and security solution and platforms for different camera manufactures like Manufacturers Axis, Milestone, Vivotek, QNAP, Optica, Mobotix, ACTi, Arecont Vision, Avigilon, Bosch, Canon, Cisco, and Extreme CCTV.

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Figure 1: Artificial Intelligence: Segmentation of AI for surveillance and security Market

By Components: ASIC, Processor, Memory, FPGA, Modules, Storage.
By Products, Parts & Devices: Camera, Smartphones and Tablets, Biometric, Others.
By Deployment: Cloud, On-Premise
By End-User: Logistics, Healthcare, Transportation, Automotive, Retail, BFSI, Aerospace, Oil & Gas, Others.
By Technology: Machine Learning, Deep Learning, NLP, Computer Vision, Context Awareness, Predictive Analytics, Others.

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Global AI for surveillance and security Market

The market for video surveillance and security system is expected to witness growth in APAC, owing to rising security concerns in APAC countries such as India and China. The governments of China and India have already started investing heavily in video surveillance and security systems due to increased security concerns. The emerging nations are improving their infrastructure and city surveillance and security systems, which is further likely to lead to the high growth of the video surveillance and security system market. The rising demand for video surveillance and video security systems from verticals such as commercial facilities and city surveillance is driving the growth of the market.

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