AI in Physical Security Market Trends, Share, Growth, Size 2031

AI in Physical Security Market Share and Forecasts (2021-2031), Global and Regional Share, Trends, and Growth Opportunity Analysis by Type (Solutions, Services (Managed Services, Professional Services)); Technology (Machine Learning, Natural Language Processing, Context Aware Computing, Computer Vision); Deployment (On Premise, Cloud); End User (Residential, Commercial, Military and Defense, Manufacturing, Others); and Geography

Publication Month : Mar 2024

  • Report Code : TIPRE00025076
  • Category : Technology, Media and Telecommunications
  • Status : Upcoming
  • No. of Pages : 150
Inquire Before Buy

PRICING

$5190

$4671

Analyst Perspective

The AI in physical security market is being driven by several key factors contributing to its growth and development. The increasing innovations in AI and machine learning are major drivers for the AI in physical security market. These technologies have the speed and agility to analyze millions of events quickly, identify vulnerabilities, and enhance security systems.

Market Overview

The AI in physical security market is expected to grow with a CAGR of 19.5% during the period of 2023-2031. The AI in Physical Security ensures the tightening up of security in any place or organization that is being used. The reliability of AI has made it such that adopting it into various systems will become a benchmark for the coming years. Utilizing AI is beneficial, provided the various benefits it brings to the table. As AI's capabilities increase, so will its use in physical security. In security, AI will assist humans in spotting potential threats that may or may not be visible to the naked eye in real-time. There are various tools that AI is using in physical security, video surveillance being the most widely used. In video surveillance, the physical security need not stare at the screen for long hours trying to pinpoint the exact moments of suspicion or danger. Still, the AI, with its advanced capabilities, will do the work for them. Some robots and drones, commonly used in the military, assist in security. AI guns used at the entrance of various airports help detect weapons or any harmful foreign object to preserve the security of the environment inside.

Market Drivers

Rising Instances of Cyber Threats and Data Protection Concerns

The escalating instances of cyber threats and the growing concerns for data protection are significant factors driving the demand for AI in physical security. The increasing vulnerability of Wi-Fi networks to security threats further contributes to this demand. The exponential growth of internet interconnections has led to a significant increase in cyber-attack incidents, often with disastrous consequences. Malware is a primary weapon choice for carrying out malicious intents in cyberspace, either by exploiting existing vulnerabilities or utilizing the unique characteristics of emerging technologies. The development of more innovative and effective malware defense mechanisms has been regarded as an urgent requirement in the face of these escalating threats.

Market Scope

The "AI in Physical Security Market Analysis To 2031" is a specialized and in-depth study of the technology, media, and telecommunications industry with a special focus on global market trend analysis. The market report aims to provide an overview of AI in the physical Security market with detailed market segmentation by type, technology, deployment, end user, and geography. The global market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.

Market Segmentation

The global AI in physical security market is segmented into type, technology, deployment, and end user. Based on type, the market is segmented into solutions, services (managed services and professional services). Based on technology, the market is segmented into machine learning, natural language processing, context-aware computing, and computer vision. Based on deployment, the market is segmented into on-premise and cloud. Based on end-user, the market is segmented into residential, commercial, military and defense, manufacturing, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global AI in physical security market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. The AI in physical security market by each region is later sub-segmented by respective countries and segments. The AI in physical security market report covers the analysis and forecast of 18 countries globally, along with the current trends and opportunities prevailing in the region.

The report analyses factors affecting the AI in physical security market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive PEST analysis highlighting factors affecting the AI in physical market in these regions.

World Geography

Have a question?

Analyst

Naveen

Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Analyst   Speak to Analyst
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
MARKET PLAYERS

The reports cover key developments in the AI in physical security market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The key players from the market are anticipated to have lucrative growth opportunities in the future with the rising demand for filter products in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information for the last 3 years, and key developments in the past five years. Below is a list of a few companies engaged in the AI in physical security market.

  • Cisco System Inc.
  • Google LLC
  • Hewlett Packard Enterprise
  • Huawei Technologies Co. Ltd.
  • IBM Corporation
  • Neurala Inc.
  • Nvidia Corporation
  • SAP SE
  • Siemens AG
  • Xilinx Inc.
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

The List of Companies

1.Cisco Systems Inc.
2.Google LLC
3.Hewlett Packard Enterprises Company
4.Huawei Technologies Co., Ltd
5.IBM Corporation
6.Neurala Inc.
7.Nvidia Corporation
8.SAP SE
9.Siemens AG
10.Xilinx Inc.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to AI in Physical Security Market