By 2033, AI-Powered Surveillance Will Drive a $108.29B Global Market Boom

With AI-driven monitoring, intelligent analytics, and cloud-based solutions, the video surveillance industry is expanding rapidly and is expected to reach $108.29 billion by 2033 at a compound annual growth rate of 8.4%.

According to Persistence Market Research, the worldwide video surveillance market is expected to develop significantly, rising from US$ 48.19 billion in 2023 to US$ 108.29 billion by 2033, with a compound annual growth rate (CAGR) of 8.4% throughout the projected period.

The growing use of AI-powered monitoring and smart analytics is driving significant growth in the video surveillance sector. These cutting-edge technologies are improving the effectiveness of security systems in a variety of industries by providing automatic alarms, object identification, and real-time monitoring.

The market landscape is also changing as a result of the explosion of cloud-based video surveillance systems. Cloud storage is a popular option for businesses and governments because it offers cost-effectiveness, scalability, and remote access. With the growing popularity of Video Surveillance-as-a-Service (VSaaS), on-premise infrastructure is becoming less necessary.

Additionally, security operations are being improved by the incorporation of deep learning algorithms and advanced analytics into surveillance cameras. Businesses and law enforcement organizations can react quickly to security threats because to features like predictive monitoring, automated threat identification, and behavioral analytics that is increasingly commonplace.