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Artificial Intelligence

AI CCTV Market to Reach USD 54.0 Billion, at a 15.20% CAGR By 2032 – Market Research Future (MRFR)

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New York, USA, July 21, 2023 (GLOBE NEWSWIRE) — According to the research report published by Market Research Future (MRFR), “AI CCTV Market Information Deployment Mode, By Offering, By Camera Type, By Deployment, By End User, By Region – Market Forecast Till 2032”. The AI CCTV Market could thrive at a rate of 15.20% between 2023 and 2032. The market size will be reaching around USD 54.0 Billion by the end of the year 2032.

AI CCTV Market Analysis:

The AI CCTV market is expected to grow significantly in the coming years, driven by the increasing demand for technically advanced surveillance systems. AI CCTV systems use artificial intelligence to analyze video footage, which can be used to identify and track people, vehicles, and other objects. This information can be used to improve public safety, prevent crime, and investigate incidents.

Key Players:
Eminent market players profiled in the AI CCTV market report include,

  • Axis Communications Ab
  • Bosch Security Systems GmBH (Robert Bosch GmBH)
  • D-Link Corporation
  • Eagle Eye Networks
  • xHangzhou Hikvision Digital Technology Co., Ltd.
  • Hanwha Techwin.
  • Panasonic Corporation
  • Swann
  • FLIR Systems, Inc.
  • VIVOTEK INC

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Scope of the Report – AI CCTV Market:

Report Metrics Details
Market Size by 2032 USD 54.0 Billion
CAGR during 2023-2032 15.20%
Base Year 2022
Forecast 2023-2032
Key Market Dynamics Demand for technically advanced surveillance system and rise in concerns related to public safety & security are the prime factors that drive growth of the AI CCTV Market.

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Drivers:
Increasing Adoption in Commercial Segment to Boost Market Growth 
The commercial segment is anticipated to drive considerable expansion in the worldwide market over the next several years. Retail, healthcare, finance, and transportation are just a few of the industries using the technology to increase security and boost productivity.

Opportunities:
Increasing use in Smartphones to offer Robust Opportunities 
To deliver high-resolution photographs, smartphone manufacturers are integrating artificial intelligence & deep learning technology into their products. These smartphone cameras use artificial intelligence to identify things and create photographs of superior quality. By intelligently detecting missing pixels, these smartphone cameras also improve low-resolution photographs. Full screen photos with greater quality and resolution are possible with these cameras. They are also used for device management, emotion recognition, user authentication, and other things. Due to these qualities, the market’s expansion is driven by demand for these smartphones’ cameras.

Restraints and Challenges: 
Lack of Awareness to act as Market Restraint 
The lack of awareness regarding advanced products, privacy concerns, and high cost related to new technology may act as market restraints over the forecast period.

Market Segmentation:
The global AI CCTV market is bifurcated based on offering, camera type, end user, and deployment.

By offering, software will lead the market over the forecast period owing to factors including the growth in worries about the security and safety of the general population and the demand for technologically advanced surveillance systems.

By camera type, dome camera will domineer the market over the forecast period. This may be attributed to the world-class characteristics of the AI dome CCTV camera, which allow it to work far better over other cameras.

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By deployment, cloud based segment will spearhead the market over the forecast period. The increase in need for AI CCTVs globally and their trustworthy deployment utilizing cloud-based storage account for this. The installation of AI-powered CCTV cameras at traffic signals is expected to improve the accuracy and efficacy of license plate recognition, enabling the speedier identification of cars of interest like wanted or stolen vehicles.

By end user, commercial will head the market over the forecast period. This is a result of both developed and emerging countries’ growing commercial need for AI CCTV modules. Only a few industries, like retail, healthcare, finance, and transportation, use technology to improve security and increase efficiency.

COVID-19 Analysis:

The electronics & semiconductor industries have greatly been impacted via the advent of the COVID-19 epidemic. Owing to an upsurge in the COVID-19 cases, both businesses & manufacturing facilities across the globe were shut down, & it is anticipated that these facilities will stay shut in 2021. Additionally, a partial or total shutdown has damaged the world’s supply chain, making it difficult for manufacturers to reach their customers. The COVID-19 epidemic possessed an effect on the society and the worldwide economy. The impacts of this pandemic are spreading daily and are impacting both the global economy and business in general. The crisis is causing increased client segment concern, a drop in corporate confidence, ambiguity in the stock market, and a major slowdown in the supply chain.

The closure of manufacturing facilities in the area has resulted in a significant loss of revenue and business for the Asian & European nations that are under lockdown. The COVID-19 disease epidemic has had a significant impact on production and manufacturing processes, which will have an effect on the growth of the AI CCTV market in 2020. The COVID-19 epidemic has had an influence on the electronics industry since manufacturing facilities have stagnated, which has led to a major increase in demand for semiconductor and electronics items in the market. Its primary effects include widespread industrial disruption in Europe and a halt to Chinese part shipments, which might impede the expansion of the AI CCTV industry.

Regional Analysis: 

North America to Head AI CCTV Market 

In 2022, this market was headed by the North American AI CCTV Market (45.80%). This is a result of a number of factors, including the growth in public security & safety worries and the need for highly advanced monitoring equipment. The widespread use of the AI CCTV equipment in the region, which is driven by the need to maintain personal and domestic security, serves as further support for this. Additionally, the North American AI CCTV market in the United States had the biggest market share while the AI CCTV market in Canada had the quickest rate of growth.

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APAC to Have Admirable Growth in AI CCTV Market 
From 2023 to 2032, the Asia Pacific market for AI CCTV is anticipated to develop significantly. This is a result of a number of factors, including growing public security & safety worries and increased demand for highly advanced monitoring equipment. Additionally, the AI CCTV market in China had the biggest market share, while the AI CCTV market in India had the quickest rate of growth in the APAC region.

Related Reports:

  • 5G System Integration market – 5G System Integration Market industry is projected to grow USD 71.3 Billion by 2032, exhibiting a CAGR of 27.70% during the forecast period 2023-2032.
  • 2D Barcode Reader market – 2D Barcode Reader market is projected to grow USD 16.0 Billion by 2032, exhibiting a CAGR of 8.80% during the forecast period (2023 – 2032).
  • AIOps Platform market – AIOps Platform market is projected to grow USD 33.8 Billion by 2032, exhibiting a CAGR of 18.20% during the forecast period (2023 – 2032).

Browse through more Information And Communications Technology Research Reports.

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Also, we are launching “Wantstats” the premier statistics portal for market data in comprehensive charts and stats format, providing forecasts, regional and segment analysis. Stay informed and make data-driven decisions with Wantstats.

Contact Us:

Market Research Future (Part of Wantstats Research and Media Private Limited)
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New York, NY 10013
United States of America
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+44 2035 002 764 (UK)
Email: [email protected]
Website: https://www.marketresearchfuture.com
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Artificial Intelligence

FinVolution to Hold 9th Global Data Science Competition, Focus on Deepfake Speech Detection in LLM era

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The 9th FinVolution Global Data Science Competition targets deepfake speech detection, tackling the challenge of distinguishing between cloned and authentic voices in the LLM era.The contest is part of the IJCAI 2024 Competitions and Challenges track, encouraging global collaboration and innovation among AI enthusiasts.By integrating LLM-generated fake voices in the test dataset, the competition increases complexity and spurs innovation.SHANGHAI, May 10, 2024 /PRNewswire/ — FinVolution, a leading fintech service provider, launches the 9th FinVolution Global Data Science Competition today, with a focus on “Deepfake Speech Detection.”  The contest is part of the IJCAI (International Joint Conference on Artificial Intelligence) Competitions and Challenges track, a top international AI conference.

As voice synthesis technology continues to evolve, the line between cloned and genuine voices has become increasingly blurred in the era of large language models (LLMs), posing significant challenges to data security and asset protection.
The competition aims to inspire global AI enthusiasts and experts to innovate in combating voice cloning and deepfake scams. Contestants will utilize deep learning technologies to develop models and algorithms based on FinVolution’s test dataset. The competition will include LLM-generated fake voices to elevate complexity and spur innovation.
With a total prize pool of RMB 310,000, the contest will consist of preliminaries, semifinals, and a final, with an aim to authenticate true and false voices. Highest-ranked contestants will attend IJCAI 2024 in Jeju of South Korea, to receive the awards and engage with academic and industry experts. FinVolution proudly sponsors IJCAI 2024.
Tiezheng Li, CEO of FinVolution, stated, “Since its inception nine years ago, the FinVolution Global Data Science Competition has evolved into a widely recognized event in the field of data technology, facilitating technical exchange worldwide. Partnering with IJCAI this year, a top-tier international AI conference, demonstrates our commitment to advancing deep speech recognition technology.”
The Deepfake Challenge
During the preliminaries (May 10 to June 12), participants will design algorithms based on the white-box dataset supplied by FinVolution and submit scoring results to qualify for the semifinals. The dataset primarily comprises voice recordings totaling 20-40 hours.
At the semifinal stage (June 13 to June 28), contenders are expected to refine their algorithms based on the black-box dataset provided by the competition organizer, vying for a spot in the final. The dataset, composed mainly of private data, contains five to 10 hours of recordings.
Participants can register on the official website from May 9 to June 3, to download and view the datasets.
Upholding AI Ethics
Voice cloning has emerged as a major form of telecom fraud, as scammers exploit AI technology to make distinction between genuine and fake voices increasingly tricky.
The competition focuses on safeguarding user privacy and combating fraudulent activities by identifying cloned voices accurately.
Lei Chen, Vice President of FinVolution and Head of its Big Data and AI Division, said, “The applications of Large Language Models far exceed the corresponding detection technology, posing great challenges to information security. We hope to see AI deepfake voice detection technology keep pace with the developments of LLMs, thus safeguarding the data security of the public. With this concept in mind, the FinVolution Global Data Science Competition is not only a platform for technical competition but also an opportunity to explore how AI can better adhere to ethical principles and serve the public.” 
To date, the FinVolution Global Data Science Competition has drawn nearly 10,000 participants globally in total, becoming a widely recognized event in the field of digital financial technology.
Organized annually since 2016, the contest themes have spanned diverse domains, all rooted in real-world fintech business scenarios. These themes range from risk control algorithms, financial data applications, and product development to semantic similarity recognition, asset portfolio cash flow prediction, and credit schemes for small- and micro-sized enterprises.
About FinVolution Group
FinVolution Group is a leading fintech company that connects millions of consumers as well as micro- and small-sized enterprises with financial institutions.
Founded in 2007 and listed on the New York Stock Exchange in 2017, we have been at the forefront of the pan-Asian credit technology industry, pioneering innovative technologies in credit risk assessment, fraud detection, big data, and artificial intelligence. With a proven track record of robust growth in pan-Asian countries, we have established leading fintech platforms in China, Indonesia, and the Philippines.
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Artificial Intelligence

XTEND SECURES $40M TO REDEFINE ROBOTICS WITH AI-POWERED COMMON SENSE

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XTEND and its XOS operating system are unlocking the potential of robots and drones by empowering them with AI and partnering them with humans – providing them with the ‘common sense’ to navigate the unpredictable nature of real-world situations
TEL AVIV, Israel, May 10, 2024 /PRNewswire/ — XTEND, the developer of XOS, an AI-driven operating system that is revolutionizing the way humans interact with drones and robots, today announced its $40M Series B round, led by Chartered Group, with further participation from its existing and new strategic investors, including Clal-Tech. The new funding will further develop XTEND’s proprietary XOS operating system and its application in various time-consuming, dangerous enterprise and security scenarios worldwide. XTEND will also ramp up global sales of its own drones and robotics products.

XTEND provides a revolutionary human-supervised, AI-driven drone and robot operating system that enables operators to perform highly complex and dynamic missions in any environment with minimal training. When drones and robots are controlled by XTEND’s patented XOS operating system – which fuses the best of human intelligence and machine autonomy – it provides a new way for logistics, public safety, inspection, defense, and security professionals to interact with machines effectively from a safe distance. 
XTEND’s team believes that as the use of drones and robots become more prevalent, professional human oversight remains crucial, and therefore developing a seamless collaboration between humans and AI, where each play to their strengths for optimal results, is vital. Aviv Shapira, co-founder, and CEO, explains: “Robots and drones promise to transform everything from factories to our homes. However, a significant hurdle remains – equipping them with the common-sense abilities to deal with the unpredictable nature of real-world situations, understand their surroundings, and make decisions based on that information. XOS uses AI to enable robots to learn from data and experience. Training them to identify objects, navigate complex environments, and interact with humans safely. We are unlocking the true potential of robotics in complex scenarios, including first response, search and rescue, logistics, critical infrastructure inspection, defense, and security.”
“Our XOS operating system is based on “Practical Human Supervised Autonomy” which empowers drones and robots to handle specific tasks autonomously – entering buildings, scanning floors, or even pursuing suspects. However, crucially, it allows the “common sense” decisions – like judging situations or adapting to unforeseen circumstances – to remain in the hands of human supervisors. This human-machine teaming allows our robots to work alongside supervisors, who can manage dozens of robots simultaneously, and learn from that experience. That is why we believe that XOS will become the operating system of choice for anyone looking to maximize their robotic systems’ potential while decreasing the risks posed to their teams’ lives or concerns around lack of human oversight.”
Hundreds of XTEND’s drone and robotics systems are already operationally deployed worldwide, and the company is continuously developing its XOS operating system and those platforms to deliver the future of human-machine teaming. XOS is hardware agnostic, which allows it to control all sorts of platforms, including third party devices, complement existing technology, or create entirely new systems from scratch. XOS’s open architecture means that it can host applications developed by other companies, too. 
Matteo Shapira, co-founder, and CXO, adds: “Unlike self-driving cars, which operate in a world with mostly known rules and scenarios, XTEND specializes in enabling operations in “hypervariable” environments. Take a last-mile delivery robot. It can navigate autonomously indoors and outdoors but might need human help finding an office building entrance or understanding floor layouts to reach the elevator or stairway. These environments present limitless situations with the potential for the unexpected, requiring human-level decision-making skills specific to each profession. XTEND’s core technology, XOS, is built around this human-machine partnership. We are continually adding new “AI SKILLS” to our system, and those skills will allow robots to handle a growing portion of missions and tasks, freeing up human supervisors to manage more missions simultaneously, at scale.”
Eyal Agmoni, Founder and Chairman of Chartered Group, said: “We believe that the companies bringing the value of AI to massive and complex industries, such as robotics and drone operations, will be the tech giants of the 21st century. Having observed XTEND’s remarkable achievements thus far, we truly believe in the company’s potential to become the world leader in robotics and drone operations, and AI.” 
XOS has been developed for multiple markets, including logistics, public safety, inspection, and security. The U.S. Department of Defense Special Forces and Israel’s Ministry of Defense tier-1 units have also chosen XTEND for multiple multi-million-dollar programs to develop and deliver its systems for operational evaluation, so the company’s technology is already being used by some of the best in the business.
About XTENDXTEND provides revolutionary human-guided autonomous machine systems that enable any operator to perform extremely accurate manoeuvres and actions, in any environment with minimal training. The company’s patented XOS operating system fuses the best of human intelligence and machine autonomy to enhance the operator’s abilities, and simultaneously reduce the need for physical confrontation, thereby minimizing casualties and injuries. Hundreds of XTEND’s systems are already operationally deployed worldwide, and the company is continuously developing its XOS operating system and platforms to deliver the future of human-machine teaming to defense, HLS, and security professionals worldwide. Find out more here.
https://vimeo.com/802995851/2554c5485a – this footage shows XTEND’s team using drones and our XOS operating system to help with the recent rescue effort in Turkey. XOS enabled these drones to be operated in unsafe, confined, hard to reach spaces. Utilising additional cutting-edge technology, including robotic arms and thermal cameras, to enhance each drone’s rescue capacity. While this mission was carried out by XTEND’s own team, XOS enables anyone to easily connect and interact within remote environments using drones and other smart machines, without the need for prior knowledge or training.
About Chartered GroupChartered Group is an innovative global private equity firm providing extraordinary global investment funds and opportunities for a greener and more digitalized world across several disciplinaries with its VC of Disruptive Technologies as its cutting edge. Chartered is all about exposing accredited and institutional investors to the most extraordinary global investments and opportunities. As a global private equity firm, Chartered cut through the investment noise to deliver a variety of savvy financial products and services that not only support a greener and more digitalized world but also leverage robust financial returns, one tailored strategy at a time. To learn more please visit www.charteredgroup.com.
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Artificial Intelligence

Precisely Continues to Expand Reach and Capabilities for Data Enrichment and Geo Addressing

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New global Address Fabric™ and Property Attributes offerings help customers access unparalleled location-based insights, supercharged by the PreciselyID
BURLINGTON, Mass., May 9, 2024 /PRNewswire/ — Precisely, the global leader in data integrity, today announced further expansions in the global coverage and capabilities of its data enrichment and geo addressing portfolio. New additions to the Address Fabric and Property Attributes products underscore the company’s continued commitment to helping customers easily unlock greater location-based context from their data, enabled by its unique and persistent identifier, the PreciselyID.

Virtually every business worldwide captures and stores address information, with the average large business in the United States now estimated to store over 100 million unique addresses. However, navigating the inherent data integrity challenges is notoriously difficult, as it involves new buildings, changing street names, different country formats, and more.
Expanded Address Fabric Reach
Precisely customers can now access the Address Fabric dataset for Great Britain, France, and New Zealand – providing the most current and comprehensive lists of all known physical addresses across these countries. The new datasets expand Precisely’s existing coverage for the United States, Canada, and Australia.
Address Fabric data is easy to use with any database and analytics environment without needing specific geospatial expertise or tools. Customers can analyze address locations for various applications, including identifying new serviceable addresses, discovering new customers through look-a-like analysis, or selecting a site for new stores or network expansion opportunities.
Comprehensive Property Attributes Information
Precisely also announced the expansion of its Property Attributes products for the United States with 26 new attributes now available via integration with Multiple Listing Service (MLS) data. The MLS database of property listings is used by real estate agents to share information about homes currently on the market, including whether a property is affiliated with a Homeowner’s Association or if it’s considered a rental property.
With the latest updates, Property Attributes products now include over 230 different property information attributes across virtually every county located in the United States, providing a highly comprehensive view of a property and its key characteristics, such as details on land use, square footage, construction materials, and year built.
Address Fabric and Property Attributes leverage best-in-class geo addressing solutions from Precisely to provide the most accurate location information possible. Because each record is appended with a unique PreciselyID that remains persistent even when address elements change, customers can unlock greater value by enriching their data with additional information such as points of interest data, risk factors, demographics data, and much more.
“Precisely continues to be at the forefront of data enrichment and geo addressing solutions, enabling customers where they are on their data journey and supporting them with access to consistent location-based insights across their countries of operation,” said Dan Adams, Senior Vice President and General Manager for Data Enrichment at Precisely. “An essential element of data integrity, our unique PreciselyID makes address management and enrichment simple by eliminating time-consuming data preparation and augmenting insights with rich, relevant context.”  
Precisely is renowned for its expertise in helping customers reveal maximum context from their data, with a comprehensive portfolio that includes over 400 datasets containing more than 9000 attributes. The company also recently joined the Overture Maps Foundation, founded by Amazon Web Services (AWS), Meta, Microsoft, and TomTom, providing guidance on location intelligence and data enrichment to help drive exciting new advancements in geospatial technology.
Learn more about the Precisely portfolio of data enrichment and geo addressing capabilities.
About PreciselyPrecisely is the global leader in data integrity, providing accuracy, consistency, and context in data for 12,000 customers in more than 100 countries, including 99 of the Fortune 100. Precisely’s data integration, data quality, data governance, location intelligence, and data enrichment products power better business decisions to create better outcomes. Learn more at www.precisely.com.
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