What Is The Leading Driver Behind Smart City Initiatives Driving Growth Of AI In Video Surveillance Market Market Expansion in 2025

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How Large Will the Artificial Intelligence (AI) In Video Surveillance Market Size By 2025?
In recent times, there has been a skyrocketing growth in the size of the artificial intelligence (AI) in video surveillance market. Projected to surge from $5.63 billion in 2024 to $6.76 billion in 2025, the market will display an impressive compound annual growth rate (CAGR) of 20.1%. The expansion witnessed during the historic phase is linked to the rise in security threats, progress in AI and machine learning technology, the need for real-time monitoring, cost-effective solutions, and its incorporation with Internet of Things (IoT) devices.

How Big Is the Artificial Intelligence (AI) In Video Surveillance Market Size Expected to Grow by 2029?
The market size for artificial intelligence (AI) in video surveillance is anticipated to witness a significant surge in the coming years, expanding to $14.42 billion by 2029 with a compound annual growth rate (CAGR) of 20.9%. The projected growth during the forecast period is due to factors such as governmental policies, smart city projects, remote surveillance, industry-specific applications, and solutions based on cloud technology. Key trends expected to shape this period include edge computing for AI, sophisticated analytical tools, cloud-dependent video surveillance, deep learning algorithms, and real-time notifications and automation.

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Which Key Market Drivers Powering Artificial Intelligence (AI) In Video Surveillance Market Expansion and Growth?
The rise in smart city projects is anticipated to spur the expansion of artificial intelligence (AI) in the video surveillance industry. Smart city projects entail the application of technology, data, and innovation to elevate the quality of life, sustainability, and urban efficiency. Such initiatives can markedly boost AI capabilities in video surveillance by offering a linked infrastructure and substantial data for examination. For instance, the Office for National Statistics, a UK-based Statistics Authority, noted in July 2024 that the total government infrastructural investment had seen a 9.6% increase in 2022, hitting £26.0 billion ($32.8 billion). This included £19.3 billion ($24.4 billion) from the central government and £6.7 billion ($8.5 billion) from local government with transport projects garnering £22.5 billion ($28.5 billion), making up 74.2% of the total investment - this was a 1.1 percentage point rise from the previous year. Consequently, the surge in smart city projects is fuelling the expansion of artificial intelligence (AI) in the video surveillance industry.

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Which Fast-Growing Trends Are Poised to Disrupt the Artificial Intelligence (AI) In Video Surveillance Market?
Leading enterprises in the AI in video surveillance market have been working on groundbreaking products including compact dual-lens cameras to improve surveillance proficiency. These cameras, with their double lens, provide wide-angle imaging and are subtly designed, making them suitable for security applications. An example of this is the China-based video surveillance equipment company, Hangzhou Hikvision Digital Technology Co. Ltd., which unveiled the Turbo HD 8.0 in April 2024. This was a major step forward in the integration of audio and visual aspects. The series includes several hi-tech security features like two-way audio for live communication, compact dual-lens cameras equipped with 180-degree stitching technology and Smart Hybrid Light for improved night vision. Additionally, Hikvision has shown its dedication to innovative security solutions with the PowerX DVR with AcuSense that incorporates facial recognition and the detection of movement.

What Are the Emerging Segments in the Artificial Intelligence (AI) In Video Surveillance Market?
The artificial intelligence (ai) in video surveillancemarket covered in this report is segmented -

1) By Offering: Hardware, Software, Service
2) By Deployment Mode: On-Premises, Cloud-Based
3) By Use Cases: Gun Detection, Industrial Temperature Monitoring, Anomaly Detection And Behavior Recognition, Facial Recognition Or Person Search, Object Detection And Perimeter Protection, Intrusion Detection And Perimeter Protection, Smoke And Fire Detection, Traffic Flow Analysis Or Accident and Traffic Incident Detection, False Alarm Filtering, Other Use Cases
4) By Vertical: Commercial, Residential, Infrastructure, Military And Defense, Public Facility, Industrial

Subsegments:
1) By Hardware: Cameras, Storage Devices, Processors
2) By Software: Video Analytics, Video Management Software (VMS), Facial Recognition Software
3) By Service: Installation And Integration, Maintenance And Support, Consulting Services

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Who Are the Global Leaders in the Artificial Intelligence (AI) In Video Surveillance Market?
Major companies operating in the artificial intelligence (AI) in video surveillance market report are Huawei Technologies Co. Ltd., Panasonic Holdings Corporation, Hanwha Group, Honeywell International Inc., Dahua Technology Co. Ltd., NEC Corporation, IntelliVision, ZTE Corporation, Hangzhou Hikvision Digital Technology Co. Ltd., Cisco Meraki, Avigilon Corporation, SenseTime, Genetec Inc., Milestone Systems A/S, CloudWalk Technology Co. Ltd., Eagle Eye Networks, Gorilla Technology, Clarifai, Corsight AI, YITU Tech, Agent Video Intelligence Ltd., Pure Tech Systems, Simshine Intelligent Technology Co. Ltd

Which are the Top Profitable Regional Markets for the Artificial Intelligence (AI) In Video Surveillance Industry?
Asia-Pacific was the largest region in the AI in video surveillance market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence (AI) in video surveillance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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