MARKET OVERVIEW
Commercial AI Security Cameras are specialized network IP cameras that incorporate artificial intelligence (AI) capabilities to perform advanced functions such as vehicle detection, person detection, face recognition, traffic counting, people counting, and license plate recognition (LPR). These cameras are equipped with advanced video analytics software integrated into the camera and recorder systems.
MARKET SIZE & GROWTH
Market Growth: Valued at $351 million in 2024, projected to reach $540 million by 2031, with a CAGR of 6.5%.
Driving Factors: Rising demand for advanced security solutions in commercial establishments.
Technology Adoption: Increased use of AI-based cameras with advanced video analytics.
Key Features: AI capabilities like person detection, face recognition, and traffic counting boost market expansion.
