Market Size and Growth Report 2023-2032:

According to a new report by IMIR Market Research on Global AI CCTV Market Size was valued at USD 15.2 Billion in 2022. The AI CCTV market industry is projected to grow from USD 17.6 Billion in 2023 to USD 54.2 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 15.40% during the forecast period (2023 - 2032).

An increased concern for public safety and security and an increased need for technologically advanced surveillance systems, are the key market drivers enhancing the market growth.

The AI CCTV market research report comprises a thorough examination of the current and future scenario of this industry vertical. The research highlights major trends and opportunities, as well as challenges, for various segments and sub-segments, while broadening the company horizon. The study report also includes extensive information based on past and present patterns across several industry verticals to help find various expansion prospects. Throughout the forecast period, several estimations regarding market share, market size, and industry growth rate are presented. The research includes information on competitive analysis as well as consumption habits and pricing strategies depending on the AI CCTV market.

Market Trends:

Rise in Demand for Al Surveillance Camera from Government and Law Enforcement Agencies is driving the market growth

Governments all across the world utilize surveillance cameras to assist them spot any activity that could be a security risk. Although there are millions of cameras, no one is constantly keeping an eye on them. However, artificial intelligence (Al) has the capacity to instantly analyze every frame and spare millions of lives. Many countries are using cutting-edge Al surveillance technology to map, track, and control people in order to accomplish various governmental goals. It is having such a significant impact because of Al's ability to learn for himself. The computer first honed its capacity for critical thought in relation to intriguing objects in the scene. Currently, it recognizes objects in the real world, compares the results to the precise annotations (provided by people), and attempts to improve. Thus,

Scope of Market Report:

A recent market research report added to repository of Intellectual Market Insights Research is an in-depth analysis of Global AI CCTV Market. On the basis of historic growth analysis and current scenario of AI CCTV market place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate deeper understanding of multiple aspects of global AI CCTV market. This further helps users with their developmental strategy.

Market Players & Competitive Insights:

Leading industry companies are making significant R&D investments in order to diversify their product offerings, which will drive the AI CCTV market's expansion. Important market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Market participants are also engaging in a number of strategic actions to increase their global footprint. The AI CCTV sector needs to provide affordable products if it wants to grow and thrive in a more competitive and challenging market environment.

One of the primary business strategies employed by manufacturers in the worldwide AI CCTV industry to assist customers and expand the market sector is local manufacturing to reduce operational costs. Some of the biggest benefits to medicine have recently come from the AI CCTV sector. Major players in the AI CCTV market, including Axis Communications Ab, Bosch Security Systems GmBH (Robert Bosch GmBH), D-Link Corporation, Eagle Eye Networks, Hangzhou Hikvision Digital Technology Co., Ltd., Hanwha Techwin., Panasonic Corporation, Swann, FLIR Systems, Inc., VIVOTEK INC, are attempting to increase market demand by investing in research and development operations.

Panasonic i-PRO Sensing Solutions Co., Ltd. is a company that provides surveillance systems. i-PRO Co., Ltd. is the global pioneer in cutting-edge sensing technologies for intelligent surveillance, public safety, and industrial/medical imaging. Based on Panasonic's more than 60 years of invention, i-PRO was established in 2019. It manufactures parts and gadgets for the industrial, medical, and security industries. The company offers hardware, software, and services for security surveillance, public safety, and medical imaging. The newest application to its line-up of edge-based AI analytics solutions, AI Scene Change Detection, will be unveiled by i-PRO Co. Ltd. at the upcoming ISC West 2023 conference in November 2023. This new feature, which takes use of cutting-edge artificial intelligence technology to recognize changes in a surveillance camera's field of view and warn security professionals in real-time, improves the overall situational awareness of the area being observed.

The Spot AI network video recording system is developed to offer a quick and simple method of deploying video surveillance into the cloud. The company's solution enables customers to securely view, search, and share any video footage from any camera at any operating location in a single web dashboard and can be set up fast and simply without the need for IT experience. This gives businesses the freedom to fully utilize their video content for administrative and security needs. Recently, a $40 million investment round for Spot AI was completed. The company plans to use the funds to advance its cutting-edge technology in order to make CCTV security cameras smarter and better able to recognize potential threats.

Key Companies in the market include:

• Axis Communications Ab
• Bosch Security Systems GmBH (Robert Bosch Gmbh)
• D-Link Corporation
• Eagle Eye Networks
• Hangzhou Hikvision Digital Technology Co., Ltd.
• Hanwha Techwin
• Panasonic Corporation
• Swann
• FLIR Systems, Inc.
• VIVOTEK INC

Market Segmentation:

Offering Outlook

• Hardware
• Camera Modules
• Monitor
• Storage
• Others
• Software
• Services

Camera Type Outlook

• PTZ Camera
• Dome Camera
• Bullet Camera
• Box Camera
• Others

Deployment Type Outlook

• Cloud-based
• On-premise

End User Outlook

• Residential
• Commercial
• Industrial

Segment Insights:

AI CCTV Offering Insights

The global AI CCTV market segmentation, based on Offering, includes managed hardware, camera modules, monitor, storage, others, software, and services. Software segment dominated the global market in 2022. This is a result of various factors, including as the rise in concerns about the safety and security of the general public and the demand for technologically advanced surveillance systems.

AI CCTV Camera Type Insights

The global AI CCTV market segmentation, based on Camera Type, includes PTZ camera, dome camera, bullet camera, box camera, and others. Dome Camera segment dominated the global market in 2022. This can be attributed to the world-class features of the AI dome CCTV camera, which allow it to perform far better than other cameras.

AI CCTV Deployment Insights

The global AI CCTV market segmentation, based on Deployment, includes cloud-based and on-premise. Cloud based segment dominated the global market in 2022. The increase in demand for AI CCTVs globally and their trustworthy implementation using cloud-based storage account for this. The installation of AI-powered CCTV cameras at traffic lights is projected to improve the accuracy and efficacy of license plate recognition, enabling the quicker identification of cars of interest like stolen or wanted vehicles.

AI CCTV End User Insights

The global AI CCTV market segmentation, based on End User, includes residential, commercial, and industrial. Commercial segment dominated the global AI CCTV market in 2022. This is a result of both developed and emerging countries' growing commercial demand for AI CCTV modules. Only a few industries, like retail, healthcare, banking, and transportation, use technology to improve security and increase productivity.

AI CCTV Regional Insights

Insights into the markets in North America, Europe, Asia-Pacific, and the rest of the world are provided by the study. The North America AI CCTV Market dominated this market in 2022 (45.80%). This is a result of both developed and emerging countries' growing commercial demand for AI CCTV modules. Only a few industries, like retail, healthcare, banking, and transportation, use technology to improve security and increase productivity. Further, In the North American area, the U.S. AI CCTV market had the biggest market share, while the Canada AI CCTV market had the quickest rate of expansion.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

• In 2022, the Europe AI CCTV market held a sizable market share. It is anticipated that a key factor driving growth in Europe would be the growing application of AI and machine learning in the industrial sector. Further, In the European region, the German AI CCTV market had the biggest market share, and the U.K. AI CCTV market had the quickest rate of growth.
• From 2023 to 2032, the Asia Pacific AI CCTV market is anticipated to grow significantly. This is a result of a number of factors, including growing public security and safety worries and rising demand for highly advanced monitoring equipment. Moreover, In the Asia-Pacific region, the Indian AI CCTV market had the quickest rate of growth while China's AI CCTV market had the greatest market share.

AI CCTV Market Report is also available for below Regions and Country Please Ask for that

North America

• U.S.
• Canada

Europe

• Switzerland
• Belgium
• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Rest of Europe

Asia-Pacific

• India
• Australia
• Philippines
• Singapore
• South Korea
• Japan
• China
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Argentina
• Peru
• Colombia
• Brazil
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Points Covered in the Report:

• The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 5 years data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
• The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Questions:

• How much the global AI CCTV Market valued?
• Which region has the largest share in 2023 for the global AI CCTV Market?
• What are the driving factors for the market?
• Which is the leading segment in the global market?
• What are the major players in the market?

Research Scope of AI CCTV Market:

• Historic year: 2019- 2022
• Base year: 2023
• Forecast: 2023 to 2032
• Representation of Market revenue in USD Million

AI CCTV Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends: