Norway 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
Norway AI CCTV Market size was valued at USD 64.9 million in 2023 and is predicted to reach USD 322.6 million by 2030, with a CAGR of 23.8% 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.
Increasing Demand for Advanced Security Solutions Drives AI CCTV Market Growth in Norway
The burgeoning demand for advanced security solutions and surveillance technologies is fueling the expansion of the AI CCTV market in Norway. With businesses and organizations prioritizing the enhancement of security measures and protection of assets, there's a rising need for intelligent surveillance systems capable of real-time monitoring and threat detection.
AI-powered CCTV systems, equipped with features like facial recognition, behavior analysis, and object detection, offer enhanced surveillance capabilities, enabling more efficient detection and response to security threats. This growing demand underscores the pivotal role played by AI-driven surveillance technologies in fortifying security infrastructure and safeguarding assets in Norway.
Expansion of 5G Network Propels Growth of AI CCTV Market
The proliferation of the 5G network in Norway serves as a significant driver in propelling the growth of the AI CCTV market in the country. As evidenced by Telenor Norway's announcement in June 2023, the increasing adoption of 5G technology surpassing that of 4G phones signifies the expanding reach of 5G across the nation.
This expansion of the 5G network establishes a robust telecommunications infrastructure crucial for supporting the deployment and operation of AI-powered CCTV systems. Leveraging the enhanced capabilities of 5G networks, such as higher data speeds, lower latency, and increased network capacity, AI-powered surveillance applications benefit from real-time streaming of high-definition video footage.
This capability is vital for effective surveillance, enabling security personnel to swiftly detect and respond to security threats as they emerge. As Norway continues to embrace AI-powered surveillance systems and expand its 5G infrastructure, the AI CCTV market is poised for continued growth and innovation, offering advanced security solutions to address evolving security challenges across the country.
Rising Cybersecurity Concerns 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 Combination 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
Norway 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.
Norway 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
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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 64.9 Million |
|
Revenue Forecast in 2030 |
USD 322.6 Million |
|
Growth Rate |
CAGR of 23.8% 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.
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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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