UK 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: 31-May-2024 | No of Pages: 111 | No. of Tables: 79 | No. of Figures: 43 | Format: PDF | Report Code : N/A
Market Overview
The UK AI CCTV Market size was valued at USD 360.03 million in 2023 and is predicted to reach USD 1366.41 million by 2030, with a CAGR of 19.15% from 2024 to 2030. The AI CCTV market refers to the segment of the global security and surveillance industry that focuses on the integration of artificial intelligence (AI) technologies into CCTV systems. These AI-powered CCTV systems leverage advanced algorithms and computer vision to enhance video analysis capabilities, allowing for real-time detection, identification, and response to various events and anomalies. These systems go beyond traditional surveillance by enabling intelligent features such as facial recognition, object tracking, and behavior analysis. The AI CCTV market has witnessed significant growth due to increased demand for advanced security solutions across various sectors, including commercial, industrial, and public spaces. The market encompasses a range of products and services, including AI-powered cameras, video analytics software, and integrated security systems.
Increasing Government Initiatives Toward Expansion of Smart Cities Drive the Market Growth
The rising government initiatives toward the expansion of smart cities place a high priority on integrating advanced surveillance and security technologies to improve the urban living experience and enhance public safety. AI CCTV, as a pivotal element in these undertakings, delivers real-time monitoring, data analysis, and automation to tackle the challenges associated with urbanization effectively. It empowers city authorities to make well-informed decisions, optimize resource allocation, and elevate the overall quality of life for city dwellers. The expansion of AI CCTV within the smart cities segment underscores the powerful synergy between technological innovation and urban development, ultimately creating safer and more efficient urban environments than before.
High Adoption of AI CCTV in Residential Areas Propels Market Growth
Growing concerns surrounding property theft, vandalism, and personal safety are driving homeowners and property managers to invest in sophisticated security systems, incorporating AI-based CCTV technology. The affordability and accessibility of AI CCTV have democratized its use for residential purposes. Homeowners benefit from remote monitoring capabilities, gaining peace of mind with live feeds and mobile alerts for enhanced property security even during their absence. Furthermore, the incorporation of AI features such as object recognition and facial detection heightens threat assessment and incident prevention. The increasing demand for improved security and the convenience of remote monitoring are key factors propelling the expansion of the AI CCTV market in residential settings, solidifying its role as a vital component in contemporary home security systems.
Cybersecurity Risks
Ai cctv systems are susceptible to cybersecurity threats, including hacking and unauthorized access. Securing these systems against cyber attacks is crucial to prevent misuse of sensitive information and to ensure the continuous operation of the surveillance infrastructure.
Intelligent Edge Computing for Real-time Decision Making
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 likely 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 UK 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.
UK 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 360.03 Million |
|
Revenue Forecast in 2030 |
USD 1366.41 Million |
|
Growth Rate |
CAGR of 19.15% 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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