AI Driving Video Surveillance Market Growth and Its Impact
Wednesday, 18 September 2024, 11:45
AI Driving Video Surveillance Market Growth Overview
AI is revolutionizing the video surveillance market, which is projected to grow by USD 37 billion between 2024 and 2028, according to Technavio. This growth illustrates the escalating demand for advanced security solutions as concerns over crime and terrorism rise.
Key Factors Behind Market Growth
- Technological Advancements: Enhanced analytical capabilities powered by AI.
- Increased Security Needs: Growing demand in urban areas and crowded spaces.
- Cost-Effectiveness: AI solutions reducing operational costs.
Market Outlook
With AI at the helm, stakeholders are expected to see significant changes not just in market size but also in security strategies. The long-term outlook remains optimistic as companies and governments prioritize public safety.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.