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Honeywell International holds a significant market share in the AI in video surveillance industry. Offering a range of innovative solutions tailored to meet the security needs of diverse industries. Honeywell's video surveillance offerings combine advanced AI technologies with robust hardware and software solutions to provide comprehensive security and surveillance.
Major players, such as Avigilon Hikvision Dahua Technology Axis Communications Hanwha Techwin Bosch Security Systems Honeywell., are constantly implementing strategic measures including geographical expansion, acquisitions, mergers, collaborations, partnerships, and product or service launches.
Major companies operating in the AI in video surveillance industry are:
The commercial segment accounted for a market share of over 30% in 2023, as they offer various benefits tailored to the specific needs of businesses.
North America market accounted for over 25% revenue share in 2023, backed by the rising security threats and incidents, and a growing demand for advanced surveillance solutions with enhanced capabilities such as real-time threat detection, facial recognition, and behavior analysis.
Agent Vi, Avigilon (a Motorola Solutions company), Axis Communications, AxxonSoft, Bosch Security Systems, BriefCam, Dahua Technology, and Eagle Eye Networks.
The market size of AI in video surveillance reached USD 5.5 billion in 2023 and is set to grow at over 15.5% CAGR between 2024 and 2032. With increasing security threats globally, there is a growing demand for advanced surveillance systems that can effectively monitor and protect public and private spaces.