Global AI Camera Market to grow by USD 6498.16 mn through 2023-2027
The exigency for surveillance and security across smart cities, followed by the advent of smart AI-based surveillance, to mitigate criminal activities and terrorist attacks has influenced the demand for Artificial Intelligence (AI) Camera across the world. When it comes to the Global AI camera market size it is forecasted to grow at a CAGR of 12.04% between 2022 and 2027 with a revenue growth of USD 6,498.16 million.
"Technavio's report captures the growth trajectory of the market that is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking."
AI Camera Market at a Glance
Navigating through the growth drivers of the AI Camera Market: It is observed that smart cities utilize advanced technologies to improve infrastructure performance and enhance communication, cost-efficiency, and quality of life with the incorporation of surveillance and security across smart cities.
Axis Communications, a subsidiary of Canon, offers surveillance solutions adopted by smart cities worldwide.
In countries like India and China, the demand for AI cameras is on the rise owing to the growing number of smart cities. Get a comprehensive report summary describing the market landscape in our data-backed report that captures the growth trajectory of the market.
Key companies: Market players Vendors are focusing on improving their solutions and developing new solutions. Hence, they are adopting strategic alliances. Some key strategic partnerships in the global AI camera market.
For instance, In November 2022, Ambient.ai, the computer vision intelligence company, announced a partnership with Axis Communications to integrate the Ambient.ai Platform and Axis Network Cameras to provide advanced threat detection solutions and enhance physical security.
Prominent names worth mentioning are Basler AG, Canon Inc.Cisco Systems Inc., Hangzhou Hikvision Digital Technology Co. Ltd., Hanwha, Honeywell International Inc.Huddly Group, Johnson Controls International Plc., MOBOTIX AG, Nikon Corp., Panasonic Holdings Corp., Pelco Inc., etc. Our report includes qualitative and quantitative analyses of vendors with a wider understanding of the business ecosystem. Download a sample report today.
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