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Report Overview
The Italy AI CCTV market size is projected to grow at a CAGR of 16.50% between 2024 and 2032, aided by their increasing application in security and surveillance systems.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- Every 6 out of 10 Italian companies have started exploring the potential of AI tools to drive business expansion, also contributing to Italy AI CCTV market expansion.
- As per industry reports, nearly 10% of all AI solutions are used for image and video analysis.
- The demand for AI solutions in Italy witnessed a growth of 27% in 2021.
Italy AI CCTV Market Growth
The demand for AI tools in Italy has recently witnessed a growth of 52% to reach nearly EUR 760 million. Large organisations account for nearly 90% of the market share, while nearly 11% of all large Italian organisations are vanguards in utilising AI tools for driving business growth. Besides, 18% of all small and medium enterprises have begun experimenting with AI tools. This is creating a promising Italy AI CCTV market outlook for enhancing the security and surveillance facilities at important public and private sites.
In 2021, crime-related incidences in Italy recorded a year-on-year surge of 6.78%. The rate of burglary in Italy also surged from 210.5 cases to 226.6 cases per 100,000 people. This indicates the demand for advanced security cameras that can deter criminals and increase the sense of security among people.
By 2028, the use of AI services in the retail sector is expected to reach USD 31 billion in value. As per the Italy AI CCTV market analysis, the increasing focus of businesses on analysing consumer behaviour and their shopping patterns within retail stores is expected to contribute to the market growth. Moreover, Italy’s manufacturing industry grew by nearly 9.1% between 2021 and 2022. The adoption of AI CCTV cameras can further boost its prospects, by enabling it to enhance its operational efficiencies and monitor the production line.
Compound Annual Growth Rate
Value in USD Million
16.5%
2024-2032
Italy AI CCTV Market Outlook
*this image is indicative*
Key Trends and Developments
Advanced object detection features; emergence of facial recognition technology; detection of behavioural anomaly; and development of smart cities are trends impacting the Italy AI CCTV market growth.
Availability of Advanced Object Detection Features
AI CCTV cameras have become increasingly sophisticated in distinguishing between various objects, which has improved their capability to accurately monitor and record events. This is driving their widespread adoption, thereby leading to the growth of Italy AI CCTV market revenue.
Facial Recognition Technology
Such technology is enabling AI CCTV cameras to identify individuals, send alerts for unknown people, and assist the discovery of wanted criminals.
Detection of Behavioural Anomaly
AI algorithms can be trained to detect unusual behaviour such as identification of suspicious activities and notifying security personnel in real-time.
Development of Smart Cities
AI CCTV cameras facilitate traffic management and resource optimisation in smart cities, thereby ensuring public safety. This is increasing road safety and thus, contributing to the growth of Italy AI CCTV market value.
Italy AI CCTV Market Trends
AI CCTV cameras equipped with facial recognition technology can easily monitor large areas with great efficiency. They can rapidly detect unusual activities and respond to them, while reducing the constant need for human supervision. They can also restrict unauthorised access to important areas, thereby heightening security and surveillance in critical areas. In commercial settings, such cameras can significantly boost purchase experience by enabling retailers to provide personalised service to VIP consumers. Thus, the Italy AI CCTV market dynamics are being influenced favourably by rising demand for AI-based video surveillance systems.
Italy AI CCTV Industry Segmentation
The EMR’s report titled “Italy AI CCTV Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Breakup by Offering
- Solution
- Services
Breakup by Camera Type
- PTZ Camera
- Dome Camera
- Bullet Camera
- Box Camera
- Others
Breakup by End Use
- Residential
- Commercial
- Industrial
Breakup by Region
- North-West Region
- North-East Region
- Central Region
- South Region
Italy AI CCTV Market Share
Based on region, the market is segmented into the north-west region, the north-east region, the central region, and the south region. The central region is projected to dominate the market, representing 13% of the overall market share. Over the forecast period, north-west region is expected to grow at a CAGR of 18.4% because of rapid technological advancements in AI CCTV design and development.
Leading Companies in the Italy AI CCTV Market
Major players are capitalising on the increasing need of businesses to cut costs and increase operational security by designing cameras equipped with AI technology. This is expected to drive the Italy AI CCTV market growth over the forecast period.
Hangzhou Hikvision Digital Technology Co., Ltd
Hangzhou Hikvision Digital Technology Co., Ltd. was founded in 2001 and is headquartered in Zhejiang, China. It manufactures a wide range of physical security solutions, including alarm systems, access control, and video security. It is present in over 150 countries worldwide.
Dahua Technology Co., Ltd
Dahua Technology Co., Ltd is a Chinese company which is headquartered in Hangzhou, Zhejiang. It was founded in...
Axis Communications AB
Axis Communications AB is a Swedish company which was founded in 1984 and is headquartered in Lund, Skåne. It...
Honeywell International Inc.
Honeywell International Inc. is an American company which was founded in 1906 and is headquartered in Charlott...
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other players included in the Italy AI CCTV market report are Teledyne FLIR LLC, Motorola Solutions, Inc., Hanwa Vision Co. Ltd., Tiandy Technologies CO.,LTD., and Zhejiang Uniview Technologies Co., Ltd, among others.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is assessed to grow at a CAGR of 16.50% between 2024 and 2032.
The different end uses of AI CCTV in the market include residential, commercial, and industrial.
The different types of cameras in the market are PTZ cameras, dome cameras, bullet cameras, and box cameras, among others.
The different offerings in the market are solutions and services.
The different regions covered in the market report are the north-west region, the north-east region, the central region, and the south region.
Key players in the market are Hangzhou Hikvision Digital Technology Co., Ltd., Dahua Technology Co., Ltd, Axis Communications AB, Teledyne FLIR LLC, Honeywell International Inc., Motorola Solutions, Inc., Hanwa Vision Co. Ltd., Tiandy Technologies CO.,LTD., and Zhejiang Uniview Technologies Co., Ltd, among others.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Offering |
|
| Breakup by Camera Type |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
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