The growing requirement for Video Surveillance Security as well as the widespread use of cloud-based services for centralised data, it is predicted that demand for video surveillance will rise over time. Infrastructure improvements for smart cities as well as the use of intelligent analytics, smart video management systems, and storage solutions will be the main drivers of this expansion. Persistence Market Research's new study covers comprehensive insights about the market trends, value (US$ Bn) projections, recent developments, and dynamics in the global video surveillance market for the forecast period of 2031. The report tracks the global value of video surveillance in 20+ high-growth markets, with the regions of North America, Europe, and Asia offering the most opportunities to stakeholders. The report also analyzes the impact COVID-19 has had on the economy in general, and video surveillance in particular. How will Artificial Intelligence Impact Demand for Video Surveillance? Demand is increasing for AI-based video surveillance due to rise in need for public safety and crime management. AI mechanisms are built using a highly intuitive UI and deep learning algorithms to ensure smart and automated surveillance. Nowadays, AI temperature screening and face recognition are major trends in the video surveillance space. As AI becomes broadly adopted across various industries, it is expected to be widely incorporated in video surveillance over the coming years. Edge-based AI (that filters and processes data locally on a camera) will be more universal, enabling end-to-end AI technology. Face recognition, object recognition, event recognition, intelligent image processing, analytics, and remote asset management are some of the key technologies that are transforming video surveillance systems. Will Adoption of IP/Network-based CCTV Cameras Aid Market Growth? IP/network cameras are connected devices that capture images in a high resolution and also enable video analytics, automatic alerts, and more. IP cameras offer better resolution and advanced features such as automatic alerts and video analytics, making them the most preferred source for video surveillance across the globe. Furthermore, IP cameras can be used wirelessly via a Wi-Fi router, or with a wired network connected via Ethernet cable to a broadband router or modem. IP cameras capture images similarly as a digital camera, and compress the files to transmit them over a network. IP cameras are gaining traction as they are cost-efficient and convenient for end users. Also, network-based CCTV systems provide various benefits to users, such as better work productivity, remote monitoring, traffic management, support in gathering evidence in legal cases, and also protection against theft. As a result, IP cameras are projected to majorly contribute to video surveillance sales in the near future.
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