The growing demand for technological advancements and the integration of artificial intelligence in video analytics across various industries for business function monitoring is driving market growth. In addition, the increasing need for security cameras to surveil assets and machinery is expected to further propel this market. However, the high installation costs, potential security breaches by hackers, and inadequate internet infrastructure in developing nations may hinder market expansion. On the other hand, the rising necessity for business intelligence, insights into consumer behavior, and the collection of data for analytical purposes present significant opportunities for the growth of the AI-powered video analytics market.
Frequently Asked Questions
The market is segmented based on Global AI Video Analytics Market Segmentation, By Component (Software and Services), Development Model (On-Premises and Cloud), Enterprise Size (Large Enterprises, and Small & Medium Sized Enterprises), Integration (Edge-Based Solutions, Server-Based Solutions, and Hybrid Solutions), End-User (Banking, Financial Services, and Insurance (BFSI), Retail, Government And Public Sector, Healthcare, Transportation And Logistics, Manufacturing, and Others) – Industry Trends and Forecast to 2031
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The Global Ai Video Analytics Market size was valued at USD 9.12 USD Billion in 2023.
The Global Ai Video Analytics Market is projected to grow at a CAGR of 3.09% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, Rest of South America.
