North America is expected to dominate the AI in Physical Security Market to through 2026
Ongoing technological
advancements and the surge in use of the internet protocol-based camera is expected
to drive the demand for global AI in physical security market in forecast
period.
According to TechSci Research report, “Global
AI in Physical Security Market By Component (Solutions, Services (Managed
Services, Professional Services)) By Technology (Machine Learning, Natural
Language Processing, Context Aware Computing, Computer Vision) By Deployment (On Premise, Cloud) By Function
(Video Surveillance, Access Control, Intrusion Detection, Crowd Monitoring,
Robot & Drone Surveillance) By End-Use (Residential, Commercial, Military
& Defense, Manufacturing, Others) By Company, By Region, Forecast &
Opportunities, 2026”, the global AI in physical security market is expected
to witness significant growth in the forecast period. The collection of large amounts of data
related to a problem and training a model with the help of the generated data
and the use of the model to process new data is the process of deep learning
technology. Artificial intelligence technology uses deep learning technology
for its training phase and then further uses the data to make the future
decision by using the pre-stored information. The use of robotics along with
artificial intelligence technology to examine the occurrence of suspicious
activities can increase the effectiveness of the security search. The robot can
easily maneuver any designated area autonomously to search for any kind of
suspicious activity and alert the concerned authorities for quick actions. It
is also expected to reduce the human requirements and they can be employed for
other crucial activities. Drones require humans to plot the chart for their
flight charts and the growing use of artificial technology is expected to
reduce the requirement of human resources and increase the efficiency of
machines to work independently.
However, the high cost involved for storage facilities
and other expenses may restrain the global AI in physical security market
growth.
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Global
AI in physical security market is segmented into component, technology,
deployment, function, end-use, regional distribution, and company. Based on the
function, the market can be divided into video surveillance, access control,
intrusion detection, crowd monitoring, and robot & drone surveillance. The
video surveillance segment is expected to dominate the market in the forecast
period, 2022-2026. Use of the artificial intelligence technology and its
adoption to make video analytics more effective and accurate is contributing to
the market growth. The integration of deep learning technology to collect the
crucial information to predict human behavior based on the insights generated
by the system is expected to allow the video surveillance system to become more
accurate and predict the occurrence of crime. Based on the deployment, the
market can be bifurcated into on-premise and cloud. Cloud technology is expected
to account for major market share in the forecast period as it can provide
scalable solutions for effective security monitoring. The growing use of
cloud-based computing platforms along with the internet of things
technology-based security systems are expected to influence the market growth.
Google
LLC, International Business Machines Corporation, SAP SE, Siemens AG, Cisco
Systems Inc., Hewlett Packard Enterprises Company, Neurala Inc., Huawei
Technologies Co., Ltd, Xilinx Inc., Nvidia Corporation, Samsung Group, Micron
Technology Inc., Securonix Inc, Intel Corporation, Cylance Inc., LexisNexis
Risk Solutions Group are the leading players operating in global AI in physical
security market. Service Providers are increasingly focusing on research and
development process to fuel higher growth in the market. To meet evolving
customer demand with respect to better efficiency and durability, several AI in
physical security providers is coming up with their technologically advanced
offerings.
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“High-end
investments by the leading authorities for the development of smart cities
around the world are contributing to the market growth. Smart cities are in
high demand as they use advanced technologies and provide the residents with
extra facilities ensuring higher convenience. These advanced cities are more
prone to cyber-attacks and other threats, therefore, require the deployment of
effective security solutions. The use of AI in physical security solutions is
expected to raise the higher standard of safety is expected to propel the
growth of the market till 2026” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Global AI in Physical
Security Market By Component (Solutions, Services (Managed Services,
Professional Services)) By Technology (Machine Learning, Natural Language
Processing, Context Aware Computing, Computer Vision) By Deployment (On Premise, Cloud) By Function
(Video Surveillance, Access Control, Intrusion Detection, Crowd Monitoring,
Robot & Drone Surveillance) By End-Use (Residential, Commercial, Military
& Defense, Manufacturing, Others) By Company, By Region, Forecast &
Opportunities, 2026” has evaluated the future growth potential of global AI
in physical security market and provided statistics & information on market
size, shares, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in the of global AI
in physical security market.
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