The Global Market for Intelligent Video Analytics 2018 to 2023

What will be the impact of artificial intelligence on video surveillance & analytics?

Video analytics has eaten a few free lunches over the last 15 years. Whilst it has certainly added some value to video installations, there has been much debate about exactly ‘how intelligent’ the technology really is and whether it provides satisfactory ROI. But in 2018, there is now a growing belief that video analytics could finally move beyond what has been achieved through conventional rule based systems.

This is due in large part to major advances in semiconductor architecture, which is enabling much faster processing; Empowering deep learning and machine learning algorithms to analyze data many times faster than was previously possible. Venture capitalists are now pouring billions of dollars into financing Artificial Intelligence (AI) chip and analytic software companies. Indeed while researching this report, we identified 128 companies across the world that are now in some way helping (hardware & software) to deliver AI video analytic solutions.

There is still much to be done in perfecting the technology and getting it to market, but these ‘new tools’ have opened up the opportunity to bring AI products to the video analytics market potentially revolutionizing its performance and capability. And if it can deliver, it will further drive demand for intelligent video surveillance, not just for new projects but open up a vast latent potential for retrofitting millions of existing camera installations.

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