Finland AI CCTV Market by Component (Hardware and Software), by Camera Type (Dome Cameras, Bullet Cameras, and Box Cameras), by Deployment (Cloud-Based and On-Premise), and End User (Commercial, Residential, and Industrial)–Opportunity Analysis and Industry Forecast, 2024–2030
Industry: ICT & Media | Publish Date: 22-Apr-2024 | No of Pages: 111 | No. of Tables: 79 | No. of Figures: 44 | Format: PDF | Report Code : N/A
Market Overview
Finland AI CCTV Market size was valued at USD 72.6 million in 2023 and is predicted to reach USD 398.5 million by 2030, with a CAGR of 25.5% from 2024 to 2030.
The AI CCTV market constitutes a segment within the global security and surveillance industry, concentrating on incorporating artificial intelligence (AI) technologies into Closed-Circuit Television (CCTV) systems. These AI-driven CCTV systems utilize sophisticated algorithms and computer vision to augment video analysis capabilities, facilitating real-time detection, identification, and response to diverse events and anomalies.
Beyond conventional surveillance, these systems introduce intelligent features such as facial recognition, object tracking, and behavior analysis. The growth of the AI CCTV market is substantial, fueled by heightened demand for advanced security solutions in commercial, industrial, and public settings. The market encompasses a variety of products and services, including AI-powered cameras, video analytics software, and integrated security systems.
Government Initiatives for Public Safety Drives the Growth of the Market
The growth of the AI CCTV market in Finland is propelled by recent initiatives aimed at harnessing artificial intelligence (AI) technology to bolster security measures and public safety. Finland's exploration of AI for crowd control, immigration resource analysis, and regional population planning signifies a strategic shift towards adopting advanced surveillance solutions.
The establishment of a joint expert group by the Interior and Justice ministries further underscores the government's commitment to assessing the legal implications of AI surveillance, particularly in monitoring large gatherings and individual movements in urban and rural settings. The City of Helsinki (CoH) exemplifies Finland's proactive stance, with the launch of the country's first urban district-level AI-enhanced camera "crowd counting" project in August 2020.
This initiative showcases the practical applications of AI-powered CCTV systems in enhancing crowd management and public safety, demonstrating Finland's commitment to leveraging AI technology for comprehensive security solutions.
Collaboration with Global Partners Drives Expansion of AI CCTV Market in Finland
The collaboration between Mirasys, a Finland-based video surveillance, management, and analytics service provider, and law enforcement agencies in India further accelerates the growth of the AI CCTV market. In January 2024, Mirasys partnered with Indian police and security forces to monitor the 5km circumference of Ayodhya Dham using AI technology.
This collaboration involved the installation of at least 500 cameras with centralized access, providing comprehensive surveillance coverage of critical areas such as crossings, offices, and establishments. Such initiatives highlight the effectiveness of AI-powered surveillance systems in enhancing situational awareness and improving response capabilities.
As Finland continues to explore the potential of AI technology in enhancing security measures, collaborative efforts with global partners are expected to drive further growth in the AI CCTV market, positioning Finland as a leader in innovative security solutions.
Rising Cybersecurity Hampers the Growth of the Market
The integration of AI into CCTV systems introduces a significant concern, cybersecurity vulnerabilities. Despite their enhanced surveillance capabilities, these systems are susceptible to hacking and unauthorized access. The threat of cyber-attacks presents a considerable challenge, endangering the confidentiality and integrity of the sensitive information captured by these systems.
A breach in security not only compromises data but also erodes the reliability of surveillance, potentially enabling malicious actors to manipulate or disable critical components. As reliance on AI-driven CCTV systems grows, prioritizing protection against cyber threats becomes imperative to uphold the trustworthiness of these technologies in safeguarding both public and private security.
The Integration of Behavior Analytics into AI CCTV Systems Creates Future Opportunities for the Market
As AI progresses, the fusion of behavior analytics with CCTV systems is poised to emerge as a formidable asset in security and surveillance. AI algorithms have the capability to undergo training to scrutinize human behavior patterns and swiftly detect anomalous activities as they occur.
Such capabilities encompass identifying suspicious movements, instances of loitering, or deviations in crowd behavior. Through the utilization of AI for behavior analytics, both businesses and governments can elevate their security protocols, positioning the CCTV industry as a crucial contributor in the realm of sophisticated threat detection and prevention.
Competitive Landscape
Finland AI CCTV market comprises various market players, such as Hangzhou Hikvision Digital Technology Co., Ltd., Zhejiang Dahua Technology Co., Ltd., Axis Communications AB, Motorola Solutions, Inc., Hanwha Vision Co., Ltd., Tiandy Technologies, Zhejiang Uniview Technologies Co., Ltd., IDIS Ltd., Arlo Technologies, Inc., Vivotek Inc. and others. These market players are adopting various strategies such as collaboration and product launches across various regions to maintain their dominance in the AI CCTV market.
Finland AI CCTV Market Key Market Segments
By Component
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Hardware
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Cameras
-
Storage Devices
-
Others
-
-
Software
-
Video Analytics Software
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Video Management Software
-
By Camera Type
-
Dome Cameras
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Bullet Cameras
-
Box Cameras
By Deployment
-
Cloud-Based
-
On-Premise
By End User
-
Commercial
-
Residential
-
Industrial
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size in 2023 |
USD 72.6 Million |
|
Revenue Forecast in 2030 |
USD 398.5 Million |
|
Growth Rate |
CAGR of 25.5% from 2024 to 2030 |
|
Analysis Period |
2023–2030 |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
Market Size Estimation |
Million (USD) |
|
Growth Factors |
|
|
Companies Profiled |
10 |
|
Market Share |
Available for 10 companies |
|
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
|
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs |
KEY PLAYERS
-
Hangzhou Hikvision Digital Technology Co., Ltd.
-
Zhejiang Dahua Technology Co., Ltd.
-
Axis Communications AB
-
Motorola Solutions, Inc.
-
Hanwha Vision Co., Ltd.
-
Tiandy Technologies
-
Zhejiang Uniview Technologies Co., Ltd.
-
IDIS Ltd.
-
Arlo Technologies, Inc.
-
Vivotek Inc.
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