Japan 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
Japan AI CCTV Market size was valued at USD 723.99 million in 2023 and is predicted to reach USD 2683.53 million by 2030, with a CAGR of 18.74% from 2024 to 2030. The AI CCTV market constitutes a specialized sector 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 harness sophisticated algorithms and computer vision to elevate video analysis capabilities, enabling real-time detection, identification, and responsive actions to diverse events and anomalies.
Going beyond conventional surveillance, these systems introduce intelligent functionalities such as facial recognition, object tracking, and behavior analysis. The AI CCTV market has experienced substantial growth due to a heightened demand for advanced security solutions across diverse sectors, encompassing commercial, industrial, and public spaces. This market spans a spectrum of products and services, including AI-powered cameras, video analytics software, and integrated security systems.
Rising Adoption of AI CCTV in Residential Areas Drives Market Expansion
The escalating concerns related to property theft, vandalism, and personal safety are compelling homeowners and property managers to invest in cutting-edge security systems that integrate AI-powered CCTV. The accessibility and affordability of AI CCTV technology have made it accessible for residential use. The incorporation of remote monitoring capabilities offers homeowners a heightened sense of security, allowing them to access live feeds and receive alerts on their mobile devices, ensuring property safety even in their absence. Furthermore, the integration of AI features such as object recognition and facial detection enhances threat assessment and incident prevention. The intersection of increased security needs and the convenience of remote monitoring is propelling the growth of the AI CCTV market in residential settings, solidifying its pivotal role in contemporary home security systems.
Heightened Demand for Increased Security Through AI-Powered CCTV is Propelling the Market Growth
The AI CCTV market is significantly influenced by the increasing demand for remote monitoring and instant alerts, reshaping the security solutions landscape. AI-powered CCTV systems provide users with the ability to access live video feeds and receive immediate alerts directly on their mobile devices. This real-time responsiveness enables homeowners and businesses to remain vigilant, addressing potential security threats promptly, regardless of their physical location. The convenience and peace of mind offered by remote monitoring play a crucial role in driving the widespread adoption of AI CCTV systems, establishing them as indispensable assets for those prioritizing proactive security measures in today's dynamic and evolving threat landscape.
The High Cost of AI CCTV Hinders the Market Growth
The high cost of AI CCTV is a significant restraint to the expansion of market growth. It deters many potential users, especially small businesses and homeowners, who may have limited budgets. The extended time required to recover the initial investment through security and operational benefits also acts as a restraining factor toward the growth of the market.
Integrations of Intelligent Edge Computing for Real-time Decision Making in AI CCTV is Creating Growth Opportunity for the Market
The increasing need for real-time decision-making in security scenarios is paving the way for AI-driven intelligent edge computing in the CCTV industry. By processing video data locally at the edge (near the source of data), AI algorithms can quickly analyze and respond to events without relying heavily on centralized servers. This reduces latency, enabling faster and more accurate decision-making. Applications include instant threat detection, facial recognition, and immediate response to security incidents. The demand for intelligent edge computing in the CCTV industry will surge as businesses and governments seek to enhance their security infrastructure with rapid, real-time capabilities, presenting a significant growth opportunity for companies in this space.
Competitive Landscape
The Japan 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.
Japan AI CCTV Market Key Market Segments
By Component
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Hardware
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Cameras
-
Storage Devices
-
Others
-
-
Software
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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 723.99 Million |
|
Revenue Forecast in 2030 |
USD 2683.53 Million |
|
Growth Rate |
CAGR of 18.74% 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.
-
Zhejiang Dahua Technology Co., Ltd.
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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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