AI in Video Surveillance Market By Offering (Software, Service, Hardware), By Deployment Mode (On-Premises, Cloud Based), By End Use (Commercial, Residential, Infrastructure, Military & Defense, Public Facility, Industrial), and by Region; Global Insights & Forecast (2024 – 2030)

As per Intent Market Research, the Artificial Intelligence (AI) in Video Surveillance Market was valued at USD 5.3 billion in 2023 and will surpass USD 22.7 billion by 2030; growing at a CAGR of 23.1% during 2024 - 2030.

The artificial intelligence (AI) in video surveillance market has emerged as a pivotal sector, driven by the growing need for enhanced security solutions across various industries. As security threats evolve and become more sophisticated, traditional surveillance methods are proving insufficient. The integration of AI technologies into video surveillance systems enables organizations to analyze vast amounts of data in real-time, improving incident detection, response times, and overall situational awareness. This transition is reshaping the security landscape, providing advanced features such as facial recognition, behavioral analysis, and anomaly detection, ultimately transforming the way organizations manage security.

This growth can be attributed to the increasing adoption of AI technologies across sectors such as retail, transportation, healthcare, and smart cities. As businesses recognize the value of integrating AI-driven surveillance systems to safeguard assets, improve operational efficiency, and enhance customer experiences.

Software Segment is Largest Owing to Advanced Analytical Capabilities

The software segment of the AI in video surveillance market holds the largest share, primarily due to the demand for advanced analytical capabilities. AI-driven software applications enhance the functionality of video surveillance systems by providing real-time data analysis, alerting users to potential security threats, and automating responses to incidents. Features such as facial recognition, object detection, and crowd analytics are becoming increasingly essential for organizations looking to bolster their security measures.

Furthermore, the continuous advancements in machine learning algorithms and deep learning techniques are driving the development of sophisticated software solutions. These innovations enable more accurate surveillance and predictive analytics, leading to improved decision-making processes. As organizations invest in upgrading their surveillance systems to incorporate AI software, this segment is expected to maintain its dominant position in the AI in video surveillance market throughout the forecast period.

Services Segment is Fastest Growing Owing to Rising Demand for Custom Solutions

The services segment is recognized as the fastest-growing component of the AI in video surveillance market, propelled by the rising demand for customized solutions and ongoing support. As organizations increasingly adopt AI-powered video surveillance systems, there is a growing need for consulting, installation, maintenance, and training services. Providers of these services play a crucial role in helping clients integrate AI technologies into their existing systems, ensuring optimal functionality and performance.

Moreover, the complexity of AI technologies necessitates specialized expertise for effective implementation and management. Service providers are focusing on developing tailored solutions that align with the unique requirements of various industries, including retail, transportation, and public safety. This trend is fostering stronger partnerships between clients and service providers, further driving growth in the services segment. As organizations prioritize effective surveillance solutions, the demand for comprehensive services is expected to accelerate, making it a key area of growth in the AI in video surveillance market.

Hardware Segment is Largest Owing to Increased Adoption of Surveillance Devices

The hardware segment of the AI in video surveillance market is the largest, primarily due to the increased adoption of advanced surveillance devices equipped with AI capabilities. This includes high-definition cameras, sensors, and recording devices that are essential for capturing and processing video data. The transition from traditional analog systems to IP-based solutions has further propelled the demand for cutting-edge hardware, as organizations seek to enhance their surveillance capabilities.

Additionally, the integration of AI technologies into hardware components enables enhanced features such as real-time image processing, advanced encoding, and improved storage solutions. This integration not only boosts the effectiveness of surveillance systems but also reduces operational costs associated with manual monitoring. As organizations continue to invest in high-quality surveillance hardware to enhance security measures, this segment is expected to maintain its leadership position in the AI in video surveillance market.

Transportation Segment is Fastest Growing Owing to Smart City Initiatives

The transportation segment is emerging as the fastest-growing area within the AI in video surveillance market, driven by the proliferation of smart city initiatives. Governments and municipalities are increasingly leveraging AI-powered video surveillance to enhance public safety, traffic management, and infrastructure monitoring. By integrating AI technologies into transportation networks, authorities can analyze real-time data to optimize traffic flow, monitor vehicular activities, and enhance incident response capabilities.

Moreover, the rise of connected vehicles and intelligent transportation systems is further accelerating the demand for AI-driven surveillance solutions in this segment. These technologies enable improved situational awareness and facilitate the collection of valuable data for urban planning and development. As cities worldwide prioritize safety and efficiency, the transportation segment is poised for substantial growth, positioning itself as a key player in the AI in video surveillance market.

Fastest Growing Region: Asia-Pacific Region

The Asia-Pacific region is recognized as the fastest-growing market for AI in video surveillance, fueled by rapid urbanization, rising security concerns, and increasing investments in smart city initiatives. Countries such as China, India, and Japan are at the forefront of adopting AI technologies across various sectors, leading to significant demand for advanced surveillance solutions. The growing middle-class population in this region is also contributing to the rising need for enhanced security measures in residential, commercial, and public spaces.

Additionally, the presence of numerous technology companies and start-ups specializing in AI and surveillance solutions is fostering innovation and competition in the region. Governments are actively promoting the adoption of AI-driven video surveillance systems to enhance public safety and support law enforcement efforts. As the Asia-Pacific region continues to embrace digital transformation and prioritize security, it is expected to maintain its position as a leader in the global AI in video surveillance market.

Competitive Landscape

The competitive landscape of the AI in video surveillance market is characterized by the presence of several prominent players and a rapidly evolving environment marked by technological advancements. Leading companies such as Hikvision Digital Technology Co., Ltd., Dahua Technology Co., Ltd., Axis Communications AB, and Bosch Security Systems dominate the market by offering a diverse range of AI-driven surveillance products and solutions. These companies invest heavily in research and development to enhance their offerings, ensuring they remain at the forefront of innovation.

Moreover, the market is witnessing the emergence of new entrants and niche players focusing on specialized AI solutions, such as advanced analytics, cloud-based storage, and integrated security systems. These players are leveraging their expertise to provide unique offerings tailored to specific industry needs, creating a dynamic competitive environment. As competition intensifies, companies are likely to pursue strategic partnerships, mergers, and acquisitions to strengthen their market presence and capitalize on emerging trends, ensuring a vibrant and rapidly evolving landscape in the AI in video surveillance market throughout the forecast period and beyond.

Report Objectives:

The report will help you answer some of the most critical questions in the Artificial Intelligence (AI) in Video Surveillance Market. A few of them are as follows:

1. What are the key drivers, restraints, opportunities, and challenges influencing the market growth?
2. What are the prevailing technology trends in the Artificial Intelligence (AI) in Video Surveillance Market?
3. What is the size of the Artificial Intelligence (AI) in Video Surveillance Market based on segments, sub-segments, and regions?
4. What is the size of different market segments across key regions: North America, Europe, Asia Pacific, Latin America, Middle East & Africa?
5. What are the market opportunities for stakeholders after analyzing key market trends?
6. Who are the leading market players and what are their market share and core competencies?
7. What is the degree of competition in the market and what are the key growth strategies adopted by leading players?
8. What is the competitive landscape of the market, including market share analysis, revenue analysis, and a ranking of key players?

Report Scope: