Latest News- AI Video Analytic Market: Software is expected to lead the Component segment during 2025-2029

The AI Video Analytic Market is being driven by Expanding demand for actionable intelligence beyond security

The AI Video Analytic Market is expected to grow at a CAGR of 31.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 13998.8 million. The global AI video analytic market is experiencing a significant shift towards edge computing, a trend that sees analysis being conducted directly on cameras or nearby appliances rather than transmitting raw video streams to central servers or the cloud. This architectural change, driven by the demands for real-time response, heightened data privacy, and operational efficiency, is facilitated by the rapid advancements in semiconductor technology. Specifically, the development of powerful yet energy-efficient systems-on-a-chip (SoCs) equipped with dedicated neural processing units (NPUs) or deep learning accelerators (DLAs) is enabling this transition. This evolution is not merely an alternative deployment option but a fundamental reconfiguration of video data processing infrastructure. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Component
  • Software
  • Services
• Deployment
  • Cloud based
  • On premises
• Sector
  • Large enterprises
  • SMEs
• Application
  • Security and surveillance
  • Operational efficiency
  • Customer analytics
  • Risk management
  • Compliance
• Geography
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
  • Middle East and Africa
  • South America
    • Brazil

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Expanding demand for actionable intelligence beyond security
• Continuous technological advancements in AI and computing hardware
• Growing need for proactive public safety and risk management

However, the market also witnesses some limitations, which are as follows:

• Heightened privacy concerns and a complex regulatory landscape
• System complexity, interoperability, and a scarcity of skilled personnel
• High total cost of ownership and the difficulty in proving return on investment

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Market Scope in AI Video Analytic Market Research Report

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Research Analysis Overview

The AI video analytic market encompasses solutions for managing and deriving insights from video data through the use of artificial intelligence. Applications include smart city surveillance, retail analytics, and traffic monitoring systems. Integration with security cameras enables incident detection, loss prevention, and operational efficiency gains. Public safety and customer experience enhancements are also key benefits. Deployment of video analytics APIs provides real-time alert generation, automated video review, and customized solutions. Performance monitoring metrics, data encryption, and privacy-preserving AI are essential considerations. Scalable, high-throughput, and low-latency video processing are necessary for handling large volumes of data. Explainable AI methods, bias mitigation techniques, and AI ethics considerations ensure transparency and fairness. Model training datasets and explainable AI methods provide actionable business insights for evidence-based decision-making.

Market Research Overview

The AI video analytic market is a segment of the global application software industry, focusing on computer vision algorithms, video object detection, and real-time video processing using deep learning models. Companies in this market develop and provide specialized software solutions for businesses, enabling advanced video analysis capabilities. Technavio's market analysis calculates the market size based on the combined revenue generated by these companies, offering cutting-edge video analytic software solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/