The global AI in video surveillance market is expected to be valued at USD 5.6 billion in 2023 and is projected to reach USD 16.3 billion by 2028; it is expected to grow at a CAGR of 23.7% from 2023 to 2028. Market players have effectively met the increasing demand for AI in video surveillance across various industries. They have expanded their presence worldwide by implementing key growth strategies such as product launches, acquisitions, partnerships, collaborations, strategic alliances, and expansions. These initiatives have allowed them to cater to diverse markets and establish a solid global presence.
Key players operating in the AI in video surveillance market are Hangzhou Hikvision Digital Technology Co., Ltd. (China), Dahua Technology Co., Ltd. (China), Avigilon Corporation (Canada), Milestone Systems A/S (Denmark), YITU Tech (China), SenseTime (China), Agent Video Intelligence Ltd. (US), NEC Corporation (Japan), Megvii (China), Genetec Inc. (Canada), CloudWalk Technology Co. Ltd. (China), BriefCam (US), Intellivix Co., Ltd. (South Korea), Corsight AI (Israel), Ipsotek Ltd. (UK), Sensen.ai (Australia), VIVOTEK Inc. (Taiwan), Mobotix (Germany), Verkada Inc. (US), Morphean (Switzerland), Axis Communications AB (Sweden), Bosch Security and Safety Systems GmbH (Germany), Honeywell International Inc. (US), Panasonic Corporation (Japan), Huawei Technologies Co., Ltd. (China), Teledyne Technologies Incorporated (US), Hanwha Vision Co., Ltd. (South Korea), Camcloud (Canada), and Ivideo (US).
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Hangzhou Hikvision Digital Technology Co., Ltd. (China)
Hikvision is a renowned global leader in video surveillance solutions, offering cutting-edge technology and innovative products for various industries. With a strong focus on artificial intelligence (AI), Hikvision has revolutionized the field of video surveillance by incorporating advanced algorithms and deep learning capabilities into their systems. The company's business overview showcases a comprehensive range of AI-powered products tailored for video surveillance applications. Hikvision's offerings include high-definition IP cameras, thermal cameras, panoramic cameras, and PTZ cameras, all equipped with AI-driven features. Hikvision also provides intelligent video management software and powerful NVR (Network Video Recorder) systems that integrate seamlessly with their AI cameras. These software solutions enable efficient video analysis, real-time event detection, and intelligent data management. Moreover, Hikvision's AI offerings extend beyond hardware and software. They provide deep learning technologies and open AI platforms, allowing developers to create customized AI applications and solutions for specific customer needs. The company's commitment to research and development ensures constant innovation and the continuous improvement of their AI algorithms, enabling customers to stay at the forefront of video surveillance technology.
Dahua Technology Co., Ltd. (China)
Dahua Technology is a leading provider of video surveillance solutions, known for its extensive range of products and innovative AI capabilities. With a strong emphasis on artificial intelligence (AI), Dahua has established itself as a prominent player in the field of video surveillance, delivering advanced technologies and comprehensive solutions for various industries. Dahua's business overview highlights a diverse portfolio of AI-powered products designed specifically for video surveillance applications. The company offers a wide selection of AI cameras, including IP cameras, thermal cameras, PTZ cameras, and multi-sensor cameras, all equipped with advanced image processing algorithms and deep learning capabilities. These cameras deliver exceptional image quality, precise detection, and intelligent analytics, enabling users to extract meaningful insights from video footage. In addition to cameras, Dahua provides a range of AI-enabled software and systems to complement their hardware offerings. Their video management software (VMS) solutions and network video recorders (NVRs) integrate seamlessly with the AI cameras, facilitating efficient video analysis, event detection, and intelligent data management. Furthermore, Dahua's AI algorithms encompass a wide range of functionalities, including facial recognition, people counting, perimeter protection, object tracking, and behavior analysis, among others.
Avigilon Corporation (Canada)
Avigilon Corporation (a subsidiary of Motorola Solutions) is a prominent player in the field of video surveillance and security solutions, specializing in advanced AI technology. With a comprehensive business overview and a strong focus on innovation, Avigilon has established itself as a leader in providing AI-powered video surveillance solutions for diverse industries. Avigilon offers a wide range of products and solutions that leverage AI capabilities to enhance video surveillance. Their product portfolio includes high-definition IP cameras, video management software (VMS), and video analytics tools, all designed to provide superior image quality, intelligent detection, and advanced analytics. Avigilon's AI cameras are equipped with self-learning video analytics, enabling automated detection of objects, events, and behaviors and providing real-time insights for proactive security measures. One of Avigilon's notable offerings is its patented Avigilon Appearance Search technology, powered by AI. This innovative feature allows users to quickly search through vast amounts of recorded video footage to locate specific individuals or objects based on their appearance, even across multiple cameras and time frames. This capability significantly reduces search time and enhances forensic investigations, making it a valuable tool for law enforcement and security professionals.
AI in Video Surveillance Market by Hardware (AI Cameras, Monitors, Storage Devices, Servers), Software (AI Video Management Software, AI-Driven Video Analytics), Service (VSaaS), Deployment (On-premises, Cloud-based), Vertical - Global Forecast to 2028
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