The market for artificial intelligence (AI) enabled video surveillance cameras has seen rapid growth in recent years as the technology becomes more mature and commercially viable. According to estimates from our latest research, the adoption of AI cameras capable of running deep learning on-device will increase from 18% in 2022 to 52% by 2028. This rapid growth will be driven by an unprecedented expansion in the variety of applications developed for the evolving capabilities of AI for video surveillance in a number of industry sectors. Funding for research and development into AI solutions across the industry continues to expand, with a Security Industry Association poll of members in 2022 finding that 13% of overall investment is now tied to AI-related opportunities, compared to only 2% back in 2019. Other data analyzed by our study also shows the competition rising in the video surveillance market. “The race is clearly now on between camera manufacturers to integrate […]
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