Connect with us
European Gaming Congress 2024

Artificial Intelligence

The Worldwide AI CCTV Industry is Expected to Reach $51.9 Billion by 2030

Published

on

Dublin, Aug. 17, 2022 (GLOBE NEWSWIRE) — The “AI CCTV Market by Offering, by Camera Type, by Deployment, and by End-user – Global Opportunity Analysis and Industry Forecast, 2022 – 2030” report has been added to ResearchAndMarkets.com’s offering.

The AI CCTV Market size was valued at USD 14.99 billion in 2021, and is expected to reach USD 51.95 billion by 2030, with a CAGR of 14.7% from 2022 to 2030.

AI CCTVs are the cameras that are embedded with artificial intelligence (AI) technology for vehicle detection, face detection, person detection, and people counting. One of the important advantages of using AI CCTV is that it won’t require an internet connection. AI can be added to old CCTV systems, and can also be installed as 100% new systems.

Also, the ‘AI layer’ can be added at various points of the technology stack – at camera-level, NVR-level or at a cloud-level. It is integrated with an AI chip for micro-processing and enhancing advanced analytical functions. Moreover, the recordings that are carried out in AI CCTV can be directly transferred to a Digital Video Recorder (DVR). These recordings are further used in different sectors for various activities such as detection of criminal activities and monitoring home security.

Market Dynamics and Trends

The demand for AI CCTV is increasing due to rising demand of technically advanced surveillance system. The adoption of advanced technologies to improve the quality of images and videos at traffic signals for detecting and recognizing license plates of moving or stationary vehicles are expected to support the growth of the global AI CCTV market.

Advertisement
Stake.com

AI-based CCTVs can process every frame, present real-time analysis, and review the incidents captured in the camera. It will further indulge in enhancing road infrastructure, better collection and analysis of crash data, and increasing the efficiency of post-crash response. This factor is expected to further propel the growth of AI CCTV market during the forecast period.

However, surge in the prices of AI CCTV along with rising number of cyberattacks on internet-connected CCTV cameras are expected to restrain the market during the forecast period. On the contrary, rising demand from smart cities for security purposes is expected to create ample growth opportunities for the market in the coming years.

Market Segmentations and Scope of the Study:

The global AI CCTV market is segmented on the basis of offering, camera type, deployment, end user, and geography. On the basis of offering, the market is divided into hardware, software, and services. On the basis of camera type, the market is segmented into PTZ camera, dome camera, bullet camera, box camera, and others.

On the basis of deployment, the market is bifurcated into cloud-based and on-premise. On the basis of end user, the market is divided into residential, commercial, and industrial. Geographic breakdown and analysis of each of the aforesaid segments includes regions such as North America, Europe, Asia-Pacific, and Row.

Advertisement
Stake.com

Geographical Analysis

North America holds the major share of global AI CCTV market at present and is expected to continue its dominance during the forecast period. This is attributed to factors such as high use of AI CCTV devices for maintaining personal and domestic security.

Also, the integration of artificial intelligence with CCTV brought many changes such as clear recognition of humans, vehicles, and objects. This factor further drives the market growth in the region. In addition, the rise in the demand of AI CCTV by security professionals for adopting AI surveillance technologies to map, track, and locate people are further expected to drive the growth of market.

Additionally, Asia-pacific is expected to show a steady rise in the market. This is attributed to factors such as increasing per capita income and high standard of living of general population which results in use of AI CCTV cameras for their personal use in home, factories and offices for security purposes. Moreover, recent developments in terrorist activities have also compelled the government authorities to opt for AI CCTV cameras for surveillance purposes.

Also, the presence of major key players such as D-Link Corporation and Hangzhou Hikvision Digital Technology Co., Ltd are adopting various product launches to boost its market presence in this region. For instance, in February 2021, D-Link Corporation launched its DCS-8300LHV2 Full HD Wi-Fi Camera.

Advertisement
Stake.com

This camera contains an AI-based person detection feature which is able to determine human motion, lower down false alarms, and provide important alerts to users. In addition, there is a high demand for AI CCTVs in airports and railway stations with growing threats of terrorism. Moreover, the growing demand for advanced camera systems from several end user industries such as automotive and telecom are further expected to drive the market growth in this region.

Competitive Landscape

Various market players operating in the global AI CCTV market include Axis Communications AB, Bosch Security Systems, D-Link Corporation, Eagle Eye Networks, Hangzhou Hikvision Digital Technology Co., Ltd., Hanwha Techwin America, Panasonic Corporation, Swann, FLIR Systems, Inc., and Huawei. These market players are adopting various strategies including joint venture and expansion of businesses across different regions to maintain their dominance in the AI CCTV Market.

For instance, in March 2022, Axis Communications and Irisity AB (publ) announced that they will offer an end-to-end video surveillance solution that is AI-driven and based on Axis camera station, Axis IP cameras, Irisitys IRIS, and AI video analytics software.

It will increase the security levels and safety by offering automated real-time detection of events and rapid search with the help of recorded videos to assist in investigations. Also, in March 2021, Eagle Eye Networks, one of the leading players in cloud video surveillance, launched Eagle Eye LPR (license plate recognition). It utilizes AI in a cloud-based system for achieving a high level of accuracy in different types of challenging conditions.

Advertisement
Stake.com

Key Topics Covered:

1. Introduction

2. AI CCTV Market – Executive Summary

3. Market Overview
3.1. Market Definition and Scope
3.2. Market Dynamics

4. Covid-19 Impact Analysis
4.1. Covid-19 Outbreak
4.2. Impact on Market Size
4.3. Parent Industry Impact
4.4. Key Player Strategies to Tackle Negative Impact

Advertisement
Stake.com

5. Market Share Analysis
5.1. Market Share Analysis of Top AI CCTV Providers, 2021

6. Global AI CCTV Market, by Offering
6.1. Overview
6.2. Hardware
6.3. Software
6.4. Services

7. Global AI CCTV Market, by Camera Type
7.1. Overview
7.2. Ptz Camera
7.3. Dome Camera
7.4. Bullet Camera
7.5. Box Camera
7.6. Other Types

8. Global AI CCTV Market, by Deployment
8.1. Overview
8.2. Cloud-Based
8.3. On-Premise

9. Global AI CCTV Market, by End-user
9.1. Overview
9.2. Residential
9.3. Commercial
9.4. Industrial

Advertisement
Stake.com

10. Global AI CCTV Market, by Region
10.1. Overview
10.2. North America
10.3. Europe
10.4. Asia-Pacific
10.5. Rest of World

11. Company Profiles
11.1. Axis Communications Ab
11.2. Bosch Security Systems Inc. (Robert Bosch Gnbh)
11.3. D-Link Corporation
11.4. Eage Eye Networks
11.5. Hangzhou Hikvision Digital Technology Co. Ltd.
11.6. Hanwha Techwin
11.7. Panasonic Corporation
11.8. Swann
11.9. Flir Systems, Inc.
11.10. Vivotek Inc.

For more information about this report visit https://www.researchandmarkets.com/r/bl5dk8

Attachment


Advertisement
Stake.com

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Grant Cardone Lists $42M Miami Mansion on Blockchain Real Estate Platform Propy

Published

on

grant-cardone-lists-$42m-miami-mansion-on-blockchain-real-estate-platform-propy

American best-selling author, businessman, and investor chooses Propy’s onchain real estate platform to list Golden Beach, Florida, house.
MIAMI, July 2, 2024 /PRNewswire/ — Propy, a technology company revolutionizing real estate via blockchain and AI, today announced that high-profile American entrepreneur Grant Cardone has listed a Golden Beach, Florida, private property for sale on Propy’s blockchain-based real estate platform with an asking price of $42,000,000 accepting cryptocurrency. This marks the first venture into emerging technologies in proptech for Cardone, a serial founder, best-selling author, equity fund manager, and business and real estate investor. The home is listed on the Propy marketplace with the deed minted onchain.

Propy simplifies the home-purchasing experience and eliminates fraudulent transactions by using a decentralized title registry and an escrow settlement protocol for securely storing land records and facilitating transactions, as well as accepting or converting cryptocurrency if a buyer chooses this form of payment. Leveraging the immutability of the blockchain, Propy ensures that buyer and seller private information is secure throughout the transaction. Automating and bringing the entire process online and onchain enables closing on a property to be faster, easier, and more secure than the outdated, traditional real estate transaction model.
Commenting on the listing, Grant Cardone said, “We are all in on blockchain revolutionizing real estate. We are leveraging top-tier technology to make transactions seamless and unstoppable. This is the future of real estate, and we’re leading the charge!” 
The private address is minted on PropyKeys protocol – an onchain tokenized address market developed on the Base network (Coinbase Layer 2 on Ethereum). PropyKeys brings real estate onchain through NFT home addresses and aims to bring one million home addresses onchain by 2025. The Propy marketplace also grants prospective buyers the option to pay using Bitcoin or US dollars.
Natalia Karayaneva, Founder and CEO of Propy, said, “It is a privilege for us to be the platform of choice for high-end property sellers, enhancing our offering to our community of high net-worth individuals, investors, and crypto buyers. With Propy’s advanced blockchain rails, compliant crypto and dollar payments, and unwavering focus on privacy, our clients can confidently navigate the closing process. The inclusion of Cardone’s listing in BTC and USD on Propy, minted with our latest privacy deed feature, highlights our leadership in the intersection of real estate and crypto.”
Additional details on the Cardone property are available on Propy’s website. Interested parties should contact the listing agent for viewings and further details.
Natalia Karayaneva, Founder and CEO of Propy, is available for interview upon request.
About Propy:
Propy is a US-licensed title company and a pioneering platform leveraging blockchain and AI technology to facilitate seamless transactions of real-world assets (RWA), specifically focused on revolutionizing global real estate markets. As an industry leader, Propy specializes in providing secure and efficient solutions, ensuring an enhanced experience for buying and selling properties worldwide.
Website | Facebook | X 
Photo: https://mma.prnewswire.com/media/2452961/Grant_Cardone_mansion.jpg
 

View original content:https://www.prnewswire.co.uk/news-releases/grant-cardone-lists-42m-miami-mansion-on-blockchain-real-estate-platform-propy-302188274.html

Continue Reading

Artificial Intelligence

DataLend: Securities Lending Revenue Down 16% Year-Over-Year to $2.53 Billion in Q2 2024

Published

on

datalend:-securities-lending-revenue-down-16%-year-over-year-to-$2.53-billion-in-q2-2024

Global revenue declines year-over-year due to lagging equities performance in the U.S. and EMEA
NEW YORK, July 2, 2024 /PRNewswire/ — The global securities finance industry generated $2.53 billion in revenue for lenders in the second quarter of 2024, according to DataLend, the market data service of fintech EquiLend. The figure represents a 16% decrease from the $3.00 billion generated in Q2 2023.

Global broker-to-broker activity, where broker-dealers lend and borrow securities from each other, generated an additional $696 million in revenue during Q2, a 9% decrease year-over-year.
Regionally, equity revenue fell 33% in EMEA and 19% in North America compared to the same period last year. A 22% decline in fees in North America and a 23% dip in EMEA accounted for the majority of the decreased revenue. Equity revenue in APAC increased 8% thanks to a 13% increase in fees.
Global fixed income performance declined by 11% in Q2 year-over-year. While revenue from government securities was roughly flat, corporate debt revenue fell by 32%, a regression of a trend which saw corporate bonds running hot through much of 2022 and 2023.
In June 2024, the global securities finance industry generated $790 million in revenue for lenders. The figure represents a 11% decrease year-over-year from the $888 million generated in June 2023. Broker-to-broker activity totaled an additional $207 million in revenue in June, also an 11% decrease year-over-year.
The top five earners in June 2024 were Lucid Group (LCID US), Trump Media & Technology Group (DJT US), Canopy Growth Corporation NPV (CGC US & WEED CN), Beyond Meat Inc. (BYND US) and ImmunityBio Inc. (IBRX US). In total, the group generated $56 million in revenue in the month.
Bloomberg Terminal users can subscribe to EquiLend’s exclusive Orbisa securities lending data by entering terminal shortcut APPS ORBISA or clicking the following link: https://blinks.bloomberg.com/screens/apps%20orbisa.
About DataLend 
DataLend, the market data service within EquiLend’s Data & Analytics Solutions group, tracks daily market movements across more than 200,000 securities, covering $35 trillion in lendable assets and $2.6 trillion in on-loan assets for the securities finance market. www.datalend.com
About EquiLend
EquiLend is a global financial technology firm offering Trading, Post-Trade, Data & Analytics, RegTech and Platform Solutions for the securities finance industry. With offices in North America, EMEA and Asia-Pacific, EquiLend operates across various jurisdictions worldwide, adhering to the highest regulatory standards. The company is committed to excellence and innovation and is consistently recognized for its contributions to the industry. EquiLend is Great Place to Work Certified™ in the U.S., UK, Ireland and India and has been honored as the Best Post-Trade Service Provider Globally, Best Market Data Provider Globally and for its outstanding Diversity & Inclusion initiatives in the Securities Finance Times Industry Excellence Awards 2023. www.equilend.com
Logo – https://mma.prnewswire.com/media/1060364/EquiLend_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/datalend-securities-lending-revenue-down-16-year-over-year-to-2-53-billion-in-q2-2024–302188137.html

Continue Reading

Artificial Intelligence

Endpoint Security Market to Transcend USD 36.01 billion by 2031 Owing to Cutting-Edge Cybersecurity in Safeguarding Online Infrastructure| SkyQuest Technology

Published

on

endpoint-security-market-to-transcend-usd-36.01-billion-by-2031-owing-to-cutting-edge-cybersecurity-in-safeguarding-online-infrastructure|-skyquest-technology

WESTFORD, Mass., July 2, 2024 /PRNewswire/ — According to SkyQuest, the global Endpoint Security Market size was valued at USD 10.40 billion in 2022 and is poised to grow from USD 11.94 billion in 2023 to USD 36.01 billion by 2031, growing at a CAGR of 14.8% in the forecast period (2024-2031).

Organizations use advanced security solutions as their first line of defense in cybersecurity to protect their company network infrastructure. Market expansion is anticipated as Bring Your Own Device (BYOD) policies are implemented more frequently. For instance, the web threat intelligence detection XDR solution FortiXDR was introduced by Fortinet, Inc. BlackBerry Limited introduced the managed detection and response (MDR) service in a similar manner. Additionally, for endpoint security, Broadcom, Inc. has introduced Adaptive Protection. Solutions are heavily reliant on emerging technology, including cloud computing, artificial intelligence (AI), the Internet of Things (IoT), and others.
Download a detailed overview:
https://www.skyquestt.com/sample-request/endpoint-security-market
Endpoint Security Market Overview: 
Report Coverage 
Details 
Market Revenue in 2023 
$ 11.94 billion 
Estimated Value by 2031 
$ 36.01 billion 
Growth Rate 
Poised to grow at a CAGR of 14.8% 
Forecast Period 
2024–2031 
Forecast Units 
Value (USD Billion) 
Report Coverage 
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends 
Segments Covered 
Component, Enforcement Point, Enterprise Size, End-User and Deployment
Geographies Covered 
North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Report Highlights 
Updated financial information / product portfolio of players 
Key Market Opportunities 
Rising Number of Connected Devices
Key Market Drivers 
Rising trend of BYOD 
Segments covered in Endpoint Security Market are as follows:
ComponentSolutions (Endpoint Protection Platform (EPP) (Antivirus, Anti-Spyware/Anti-Malware, Firewall, Endpoint Device Control, Intrusion Prevention, Endpoint Application Control, Others), Endpoint Detection and Response (EDR)), Services (Professional Services (Training and Consulting, Integration and Implementation, Support and Maintenance), Managed Services)Enforcement PointWorkstations, Mobile Devices, Servers, Point of Sale Terminals, OthersEnterprise SizeLarge Enterprises, Small and Medium Enterprises (SMEs)End-UserGovernment & Public Sector, BFSI, Healthcare, IT & Telecom, Transportation, Education, Manufacturing, Retail & e-commerce, OthersDeploymentCloud, and On-PremiseRequest Free Customization of this report:
https://www.skyquestt.com/speak-with-analyst/endpoint-security-market
Large Enterprises Redefining Endpoint Security in Global Arena
The worldwide endpoint security market is shaped in large part by the size of the enterprise. The need for comprehensive and scalable solutions is generally driven by large organisations, whilst small and medium-sized enterprises (SMEs) prioritise cost-effective security measures that are suited to their specific needs. Market strategies and product development are influenced by this segmentation to effectively meet the diverse needs and budgets of organisations.
Large corporations have a great deal of influence in the global endpoint security market, owing to their sizable financial backing for all-encompassing cybersecurity solutions. By fitting by the artificial intelligence and machine learning technology as well as having the wide network infrastructure and following to regulation guidelines strictly, they hold an exclusive position to enhance ingenuity and expand market and at the same time set up security standards in the industry.
SMEs being small and financially limited create a big part of the world’s endpoint security demand driving demand for trustworthy, low-priced security solutions. Small and financially constrained firms need help protecting themselves from cyber threats as they tend to adopt new tech fast, yet they face higher risks of online attacks. This is due to SMEs are quick in adopting new technologies but are also at risk from online attacks.
View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/endpoint-security-market
Optimizing Performance through Strategic Deployment in Endpoint Security
Deployment in the worldwide endpoint security sector signifies the activities involving placing security systems into operation and orchestrating these solutions across various networks and gadgets. It is proverbial that deploying well means better protection from cyber-attacks, fewer weak points, more speed thereby preserving invaluable information for all organizations worldwide.
In the worldwide endpoint security industry, on-premises deployment gives users more control and customisation by installing security solutions directly on local servers and devices. This method is critical for companies with strict regulations on data security since it ensures that they adhere to legal requirements, directly control their sensitive information thereby upholding strong security and operational integrity.
In the worldwide endpoint security industry, cloud deployment uses remote servers to offer flexible, scalable security solutions. This approach is central in enabling organization to promptly respond to fresh dangers, reduce infrastructure budget and maintain reliable real time security on all endpoints as it is easy to incorporate, affordable and allows immediate updates.
Crucial Role of Enterprise Size and Advanced Deployment Strategies To turn Fruitful
Modern advanced security solutions are essential for safeguarding organisational network infrastructures in the quickly changing digital landscape of today. The increased spread of BYOD policies is driving demand for such cutting-edge solutions as Broadcom’s Adaptive Protection, BlackBerry’s MDR, and Fortinet’s FortiXDR. Advanced technology adoption, compliance, and scalability are key priorities for big enterprises, which use their large resource bases, while small and midsize businesses are pushing for good quality and affordable cybersecurity solutions. Efficient implementation, regardless of on-premises or cloud-based options, guarantees all-encompassing security and uninterrupted operations, providing defence against the continuously increasing risk of cyberattacks.
Related Reports:
Cyber Security Market
Network Security Market
Managed Security Services Market
Cloud Security Market
Application Security Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific. 
Contact:Mr. Jagraj SinghSkyQuest Technology1 Apache Way,Westford,Massachusetts 01886USA (+1) 351-333-4748Email: [email protected] Our Website: https://www.skyquestt.com/
Logo : https://mma.prnewswire.com/media/2446095/SkyQuest_Logo.jpg
 

View original content:https://www.prnewswire.co.uk/news-releases/endpoint-security-market-to-transcend-usd-36-01-billion-by-2031-owing-to-cutting-edge-cybersecurity-in-safeguarding-online-infrastructure-skyquest-technology-302187917.html

Continue Reading

Trending