Indonesia 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
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Market Overview
Indonesia AI CCTV Market size was valued at USD 668.3 million in 2023 and is predicted to reach USD 2519.9 million by 2030, with a CAGR of 19.0% 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.
Enhanced Safety Measures and Traffic Regulation Drives the Market’s Growth
The deployment of Electronic Traffic Law Enforcement (ETLE) by Korlantas, the Indonesian police force's traffic department, represents a significant driver for the AI CCTV market. The growing population in densely populated regions like Jakarta and South Sumatra has led to extremely high volumes of highway traffic, posing substantial challenges for traffic management, safety, and security.
ETLE employs a sophisticated smart video system for the detection of traffic violations, coupled with a digitalized ticketing process, streamlining the management of violations. This initiative marks a pivotal step towards enhancing safety measures and refining traffic regulation across Indonesia's bustling urban environments. The integration of AI-powered CCTV solutions enables real-time monitoring and enforcement of traffic laws, contributing to safer roadways and improved traffic flow.
Technological Innovation and Efficiency Optimization Fuels the Growth of the Market
The introduction of an innovative AIoT solution by Hikvision to the Indonesian traffic police further propels growth within the AI CCTV market. This solution, introduced in October 2022, has demonstrated its effectiveness in enhancing the efficiency of traffic violation management and optimizing road safety and traffic flow.
By leveraging artificial intelligence and the Internet of Things (IoT), Hikvision's solution provides advanced capabilities for real-time data analysis, anomaly detection, and proactive intervention in traffic management. This initiative underscores the potential for further innovation within Indonesia's AI CCTV sector as technology continues to play an increasingly integral role in addressing critical societal issues.
The integration of AIoT solutions not only improves the effectiveness of law enforcement but also opens avenues for data-driven insights and predictive analytics, driving continuous improvements in traffic management strategies.
Cybersecurity Risks in AI-driven CCTV Systems Hinders the Market Growth
The integration of AI in CCTV systems introduces a pressing concern—cybersecurity vulnerabilities. These systems, while enhancing surveillance capabilities, face the imminent threat of hacking and unauthorized access. The susceptibility to cyber-attacks poses a significant restraint, jeopardizing the confidentiality and integrity of sensitive information captured by these systems.
A breach in security not only compromises data but also undermines the reliability of surveillance, potentially enabling malicious actors to manipulate or disable critical components. As the dependency on AI-driven CCTV systems grows, safeguarding against cyber threats becomes paramount to ensure the continued trustworthiness of these technologies in preserving public and private security.
Integration of Behavior Analytics in AI CCTV System 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
Indonesia 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.
Indonesia AI CCTV Market Key Market Segments
By Component
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Hardware
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Cameras
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Storage Devices
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Others
-
-
Software
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Video Analytics Software
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Video Management Software
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By Camera Type
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Dome Cameras
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Bullet Cameras
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Box Cameras
By Deployment
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Cloud-Based
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On-Premise
By End User
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Commercial
-
Residential
-
Industrial
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size in 2023 |
USD 668.3 Million |
|
Revenue Forecast in 2030 |
USD 2519.9 Million |
|
Growth Rate |
CAGR of 19.0% 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
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Hangzhou Hikvision Digital Technology Co., Ltd.
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Zhejiang Dahua Technology Co., Ltd.
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Axis Communications AB
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Motorola Solutions, Inc.
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Hanwha Vision Co., Ltd.
-
Tiandy Technologies
-
Zhejiang Uniview Technologies Co., Ltd.
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IDIS Ltd.
-
Arlo Technologies, Inc.
-
Vivotek Inc.
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