The use of artificial intelligence AI technology with the help of data collection, interpretation, and processing of data to make insightful decisions based on the processed gathered information by the security organizations is in high demand all around the globe. The rise in the number of applications of artificial security in physical security is driving the growth of the market. The growing use of artificial intelligence in physical security is to make the identification of the culprits by the security professionals more precise by collecting the information of people through the help of security cameras.
MARKET DYNAMICS
Rise in the number of applications of artificial security in physical security is driving the growth of the AI in physical security market. However, the data security threats may restrain the growth of the AI in physical security market. Furthermore, the growing adoption of automation technology for assisting in making the work error-free and increasing the efficiency of the work is anticipated to create market opportunity for the AI in physical security market during the forecast period.
MARKET SCOPE
The "Global AI in Physical Security Market Analysis To 2028" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The AI in physical security market report aims to provide an overview of the AI in physical security market with detailed market segmentation by type, technology, deployment, end user, and geography. The global AI in physical security market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading AI in physical security market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global AI in physical security market is segmented on the basis of type, technology, deployment, and end user. Based on type, the AI in physical security market is segmented into: solutions, services, managed services, and professional services. On the basis of technology, the AI in physical security market is segmented into: machine learning, natural language processing, context aware computing, and computer vision. Based on deployment, the AI in physical security market is segmented into: on premise and cloud. On the basis of end user, the AI in physical security market is segmented into: residential, commercial, military and defense, manufacturing, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global AI in physical security market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The AI in physical security market by each region is later sub-segmented by respective countries and segments. The AI in physical security market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the AI in physical security market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the AI in physical security market in these regions.
IMPACT OF COVID-19 ON AI IN PHYSICAL SECURITY MARKET
The impact of the COVID-19 pandemic on the market is covered throughout the report. The pandemic has had a positive impact on the AI in physical security market. Many companies now operate their businesses on online platforms due to the lockdown conditions; companies are adopting AI in physical security to secure the online platform for their customer database. Demand for AI in physical security solutions is increasing during COVID-19 and is also set to increase during the forecast period.
MARKET PLAYERS
The reports cover key developments in the AI in physical security market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from AI in physical security market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the AI in physical security market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the AI in physical security market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Cisco Systems Inc.
- Google LLC
- Hewlett Packard Enterprises Company
- Huawei Technologies Co., Ltd
- IBM Corporation
- Neurala Inc.
- Nvidia Corporation
- SAP SE
- Siemens AG
- Xilinx Inc.