AI Video Security Looks Beyond the Public Sector to Private Companies, with Market Seen at USD 26.9 Billion by 2034 ... Privacy and AI Reliability in Focus

As AI technology spreads across the broader video security industry, the global AI video security market is growing rapidly. According to the industry on the 9th, the scope of AI adoption is expanding across the video security ecosystem, including cameras, video analytics SW, and integrated monitoring services, and companies are advancing their products and services. In this process, AI cameras are gaining wider adoption, while video analytics SW and cloud-based monitoring services are emerging as new growth areas. As the industry looks beyond the public sector to the private sector, privacy and AI reliability are also being raised as key issues.

Recent AI and security-related exhibitions were held, and related technologies and services were introduced there. The market trend confirmed through these events was the expanding use of AI in safety applications. Specifically, AI use cases centered on abnormal behavior detection and accident prevention were presented, showing a widening range of applications.

This trend toward market expansion was also confirmed in Fortune Business Insights' report on the global AI video security market. The report projected that the global AI video security market will grow to USD 6.26 billion in 2025, USD 7.04 billion in 2026, and USD 26.9 billion in 2034. It also put the forecast compound annual growth rate for 2026 to 2034 at 18.2%.

By region, North America posted the largest regional share at 37.22% last year, with the market size for 2025 estimated at USD 2.33 billion. In Asia-Pacific, the market size was forecast at USD 2.32 billion, based on a compound annual growth rate of 20.6% this year.

Rising demand for real-time risk detection and intelligent monitoring was cited as a growth driver for the AI video security market. Accordingly, public facilities, transportation facilities, and industrial sites are adopting AI-based video analytics systems to strengthen security and improve operational efficiency.

Whereas traditional video security systems were centered on video storage and post-incident review, AI video security is shifting toward automatically identifying objects such as people and vehicles and detecting abnormal behavior in real time. In this trend, growth in the AI camera segment and the video analytics SW segment stands out, and the SW market was forecast to post significant growth with a compound annual growth rate of 21.7%.

A faster expansion of the cloud-based video security market was projected. The cloud segment's compound annual growth rate was put at 24.6%. As it enables remote management of cameras installed at multiple sites and integrated analysis of collected video, demand for corporate adoption is rising on the back of these characteristics.

In response to these market changes, global video security companies are stepping up AI-centered competitiveness. Hikvision, Dahua, Axis Communications, and Motorola Solutions are cited as major players in the global AI video security market, and these key companies are continuing to invest in AI integration, real-time video processing, and advanced video analytics capabilities. They are also strengthening strategic partnerships with technology providers, system integrators, and smart city developers.

Hanwha Vision, Genetec, Milestone Systems, and Verkada are also mentioned as major market participants. These companies are pursuing the expansion of their technologies and solutions. According to the report's analysis, they are focusing on improving AI-based SW analytics capabilities and expanding cloud-based video security solutions.

Market changes are being continuously observed amid advances in generative AI and edge AI technologies and rising demand for their use. As a result, the users of AI video analytics technology are expanding beyond government and public facilities to the commercial sector, including retail stores, offices, and hotels, while use cases are also taking shape around customer behavior analysis, asset protection, and improved operational efficiency. Accordingly, the scope of AI video analytics use is expected to expand further.

A Hanwha Vision official explained that, amid these market trends, network cameras are being transformed into AI cameras. The official added that although AI cameras are more expensive than conventional network cameras, they have the advantage of being offered together with SW and subscription-based services. The official also said that the AI camera business is about selling camera value rather than selling individual products, and described it as the creation of a new market within the video security sector.

The market is expected to continue growing as technology advances, and in this process the importance of on-device edge AI, which processes data within the camera, is also increasing. Major companies such as Axis Communications and Hanwha Vision are accelerating product development that embeds AI chips in cameras and performs more advanced analytics in line with developments in new semiconductor technologies and AI processors.

However, issues related to AI use remain unresolved. The industry sees privacy protection in the use of AI and securing the reliability of AI analytics as variables that will determine the future scope of market expansion.

Source: TECHWORLD · Kim Hye-jin
Original: https://www.epnc.co.kr/news/articleView.html?idxno=409457

References

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