The AI camera market is anticipated to grow by US$21.58 Billion by 2030 rapidly growing at a CAGR of 23.8% during the forecast period. The global AI camera market is driven by growing adoption of artificial intelligence technology and many developing countries realizing its benefits. These factors have helped shape the AI camera market and are expected to boost the growth. Companies in the AI camera market could also face challenges such as limited use of AI in developing countries and high cost of equipment. The details covered in the AI camera market report cover all the aspects of the industry. AI camera market analysts have also shared growth projections in the report and have suggested AI camera market players to plan growth strategies accordingly.
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Competitive Landscape
The AI camera market is supported by improved user-experience, higher return on investment (RoI), and improved productivity. The population growth around the world and increasing demand of AI camera market based services and products also support the market growth. However, the AI camera market growth can be affected due to lack of skilled professionals in areas such as deep learning and natural language processing across some countries. The report covers all such details which will help companies in the AI camera market to strengthen their business plan and improve their product portfolio. The AI camera market research report also provides company profiles of major companies. The company profiles of many organizations operating in the AI camera market report highlights crucial details like company size, revenue growth, and details of mergers and acquisitions taking place in the AI camera market. New companies and established businesses can plan their strategies based on this data provided in the AI camera market research report.
Industry News
F5 Networks announced a deal to purchase Volterra Inc., a cloud computing startup, for $440 million in cash up front and $60 million in potential compensation, bringing the overall acquisition cost of the Seattle-based technology security and distribution business to more than $2 billion over the last two years. Volterra, located in Santa Clara, Calif., provides a multi-cloud edge computing network in which computation takes place close to sensor positions and data for reduced latency. Established in 2017, the 125-person business went out of stealth mode in November 2019. Volterra raised $50 million in financing from investors such as Khosla Ventures, Microsoft’s M12 investment arm, Samsung NEXT Ventures and ITOCHU Technology Ventures as an independent startup.
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Market Segmentation
The global AI camera market has been segmented based on type and technology. On the basis of technology, the market for AI camera is segmented based on speech/voice recognition, image/face recognition, computer vision, and others. Additionally, the market on the basis of type, is segmented into surveillance cameras, smartphone cameras, DSLRs, and others.
Factors like growing need for surveillance as well as demand for consistent monitoring at commercial stores support the AI camera market growth. The performance of the AI camera market has also been studied for the past and current years. Additionally, the AI camera market report provides analysis of these segments. The AI camera market segmental analysis provided in the report offers major details about the AI camera market performance and future.
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Regional Overview
Companies in the AI camera market are spread across the world. The AI camera market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American AI camera market has many companies across the United States, Canada, and Mexico. Europe has companies in the AI camera market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the AI camera market across India, China, and Japan in the Asia-Pacific region is also presented in the report. The AI camera market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the AI camera market can be found in the market research report.