"Executive Summary AI Video Analytics Market Opportunities by Size and Share

CAGR Value

Global AI video analytics market size was valued at USD 9.12 billion in 2023 and is projected to reach USD 78.57 billion by 2031, with a CAGR of 30.89% during the forecast period of 2024 to 2031. 

An international AI Video Analytics Market report lends a hand to identify how the market is going to perform in the forecast years by providing information about market definition, classifications, applications, and engagements. A complete discussion about numerous market related topics in this market research report is sure to aid the client in studying the market on competitive landscape. This market report spans different segments of the market analysis that today’s business demand. The data and information collected with the research is generally quite a huge and is also in a complex form. However, such intricate market insights are turned into simpler version with the help of proven tools and techniques to provide it to the end users.

As per the DBMR team predictions cited in the AI Video Analytics Market report, the market will grow with a specific CAGR value in the forecast period of 2023 to 2030. By taking into account strategic profiling of key players in the AI Video Analytics Market industry, comprehensively analyzing their core competencies, and their strategies such as new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions, the report helps businesses improve their strategies to sell goods and services. The credible AI Video Analytics Market report contains market insights and analysis for AI Video Analytics Market industry which are backed up by SWOT analysis.

Analyze top trends and market forces impacting the AI Video Analytics Market. Full report ready for download:
https://www.databridgemarketresearch.com/reports/global-ai-video-analytics-market

Current Scenario of the AI Video Analytics Market

**Segments**

- Based on Component:
- Software
- Services

- Based on Application:
- Intrusion Detection
- Facial Recognition
- Traffic Monitoring
- Automatic Number Plate Recognition
- Incident Detection

- Based on Deployment Mode:
- On-Premises
- Cloud

- Based on End Use Industry:
- BFSI
- Government
- Healthcare
- Retail
- Transportation

**Market Players**

- IBM Corporation
- Cisco Systems, Inc.
- Honeywell International Inc.
- Nvidia Corporation
- Avigilon
- Agent Video Intelligence
- Allgovision Technologies Pvt. Ltd.
- Iomniscient Pty Ltd
- PureTech Systems, Inc.
- Gorilla Technology Inc.

The global AI video analytics market is experiencing significant growth driven by the increasing adoption of AI technologies across various industries. The market is segmented based on components such as software and services, with software holding a major share due to the rising demand for video analytics solutions. In terms of applications, intrusion detection and facial recognition are witnessing high demand, especially in sectors like government and retail for security purposes. The deployment modes include on-premises and cloud, with cloud-based solutions gaining traction due to their scalability and cost-effectiveness.

Furthermore, the market is categorized based on end-use industries, with BFSI, government, healthcare, retail, and transportation being the key sectors leveraging AI video analytics for enhanced security and operational efficiency. The BFSI segment is adopting video analytics for fraud detection and customer authentication, while the healthcare sector is utilizing it for patient monitoring and staff management. The retail industry is implementing AI video analytics for customer behavior analysis and inventory management, driving the market growth significantly.

Some of the prominent players in the global AI video analytics market include IBM Corporation, Cisco Systems, Inc., Honeywell International Inc., Nvidia Corporation, Avigilon, Agent Video Intelligence, Allgovision Technologies Pvt. Ltd., Iomniscient Pty Ltd, PureTech Systems, Inc., and Gorilla Technology Inc. These companies are focusing on strategic collaborations, product innovations, and expansions to strengthen their market presence and gain a competitive edge in the industry.

Overall, the global AI video analytics market is poised for substantial growth, fueled by the increasing demand for advanced video surveillance solutions across various sectors. The adoption of AI technologies for real-time monitoring, anomaly detection, and predictive analysis is driving market expansion and opening new opportunities for market players to capitalize on the growing trend of smart security solutions.

The global AI video analytics market is expected to witness significant growth in the coming years due to the increasing demand for advanced video surveillance solutions across industries. One key trend shaping the market is the integration of AI technologies such as machine learning and deep learning into video analytics software, enabling more accurate and efficient video processing capabilities. This integration is driving the adoption of AI video analytics solutions by organizations looking to enhance their security measures and operational efficiency.

Moreover, the market is witnessing a surge in the deployment of cloud-based AI video analytics solutions as businesses seek more flexible and scalable options for managing their video data. Cloud deployment offers advantages such as reduced upfront costs, easy scalability, and remote access to video analytics functions, making it an attractive choice for organizations across various sectors. This shift towards cloud-based solutions is expected to drive market growth further in the forecast period.

In terms of end-use industries, the government sector is one of the key adopters of AI video analytics for applications such as public safety, traffic monitoring, and law enforcement. The integration of AI technologies in video surveillance systems allows government agencies to analyze vast amounts of video data quickly and accurately, enhancing their decision-making processes and overall security measures. Additionally, the BFSI sector is leveraging AI video analytics for fraud detection, risk management, and customer authentication, driving the market demand in this segment.

Another significant factor contributing to market growth is the increasing focus on enhancing customer experience and operational efficiency in the retail industry. Retailers are deploying AI video analytics solutions for tasks such as store traffic analysis, inventory management, and personalized marketing strategies based on customer behavior insights gathered from video data. This trend is expected to boost the adoption of AI video analytics solutions in the retail sector and drive market expansion in the coming years.

Overall, the global AI video analytics market is characterized by rapid technological advancements, increasing demand for real-time video monitoring solutions, and a growing emphasis on security and safety across industries. Market players are investing in research and development activities to innovate their product offerings and meet the evolving needs of customers in an increasingly digital and data-driven world. With ongoing developments in AI technologies and video analytics capabilities, the market is poised for substantial growth and presents lucrative opportunities for both established players and new entrants looking to capitalize on the growing demand for intelligent video surveillance solutions.The global AI video analytics market is witnessing robust growth driven by the increasing adoption of AI technologies across various industries. One of the key drivers of market expansion is the integration of AI technologies such as machine learning and deep learning into video analytics software, enabling organizations to enhance their security measures and operational efficiency. This integration allows for more accurate and efficient video processing capabilities, making AI video analytics solutions increasingly attractive for organizations looking to bolster their surveillance capabilities.

Moreover, the deployment of cloud-based AI video analytics solutions is gaining momentum as businesses seek more flexible and scalable options for managing their video data. Cloud deployment offers several advantages, including reduced upfront costs, easy scalability, and remote access to video analytics functions, making it a compelling choice for organizations across different sectors. This shift towards cloud-based solutions is expected to drive market growth further in the forecast period as more businesses recognize the benefits of cloud computing in managing their video surveillance needs.

In terms of end-use industries, the government sector stands out as a key adopter of AI video analytics for applications such as public safety, traffic monitoring, and law enforcement. By leveraging AI technologies in their video surveillance systems, government agencies can analyze vast amounts of video data quickly and accurately, enhancing their decision-making processes and overall security measures. Similarly, the BFSI sector is leveraging AI video analytics for fraud detection, risk management, and customer authentication, driving market demand in this segment.

Furthermore, the retail industry is focusing on enhancing customer experience and operational efficiency through the deployment of AI video analytics solutions. Retailers are utilizing video analytics for tasks such as store traffic analysis, inventory management, and personalized marketing strategies based on customer behavior insights gleaned from video data. This emphasis on leveraging AI video analytics to optimize operations and provide personalized services is expected to drive market expansion in the retail sector.

Overall, the global AI video analytics market is characterized by rapid technological advancements, increasing demand for real-time video monitoring solutions, and a growing emphasis on security and safety across industries. Market players are investing in research and development initiatives to innovate their product offerings and meet the evolving needs of customers in an increasingly digital and data-driven landscape. With continuous developments in AI technologies and video analytics capabilities, the market is poised for substantial growth and offers lucrative opportunities for both established players and new entrants aiming to capitalize on the rising demand for intelligent video surveillance solutions.

Access segment-wise market share of the company
https://www.databridgemarketresearch.com/reports/global-ai-video-analytics-market/companies

Targeted Question Batches for AI Video Analytics Market Exploration

• How is the AI Video Analytics Market performing in current economic terms?
• What’s the outlook for market growth over the forecast window?
• How is the market structured by segment?
• Which brands have the largest footprint in the AI Video Analytics Market ?
• What have been the most impactful recent product releases?
• Which regions and nations are assessed in the report?
• Where is the most dynamic market development occurring?
• Which country is predicted to lead the pack?
• What region holds a major stake in total revenue?
• What country has the most promising growth forecast?

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