- In June 2023, IBM and The All England Lawn Tennis Club revealed new enhancements to the Wimbledon digital fan experience. A key feature is the integration of AI-driven tennis commentary for all video highlights, utilizing IBM watsonx's generative AI technology
- In March 2023, Irisity AB (publ), a leader in advanced video analytics, announced the launch of Irisity Edge for Axis. This offering is designed to provide customers with a comprehensive and intelligent video security system that integrates top-tier video analytics with leading surveillance cameras. The system operates Irisity's AI perimeter security algorithms, which are embedded within the Axis camera, eliminating the need for additional hardware. Irisity Edge for Axis leverages Irisity's cutting-edge video analytics, powered by deep learning AI models and machine learning, in conjunction with the Axis Camera Applications Platform (ACAP)
- In September 2022, Honeywell International Inc. introduced the latest version of its Pro-Watch Integrated Security Suite, which includes Pro-Watch 6.0 and the Pro-Watch Video Management System (VMS) R750, along with the new 35 Series cameras, designed with a strong emphasis on cybersecurity and regulatory compliance
- In February 2020, Avigilon Corporation (a subsidiary of Motorola Solutions) unveiled its newest addition to the video security lineup—the Avigilon H5M camera. This cost-effective camera is ideal for budget-conscious security projects that need a compact camera solution for outdoor environments
- In August 2022, Derq, a spin-off from MIT specializing in real-time AI analytics for connected roads and vehicles, partnered with distributor Paradigm Traffic Systems to bring its AI video analytics and connected infrastructure solutions to Texas. This collaboration aimed to combine Derq's advanced technologies with Paradigm's established market presence and customer relationships to enhance road safety and develop smart traffic infrastructure throughout the state
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.
