As of 2023, the video surveillance software market has experienced tremendous growth, fueled by the increasing demand for real-time monitoring, enhanced safety and security measures, and the necessity to optimize surveillance operations. The market is projected to expand further in the coming years, with multiple companies competing for a share of the industry. Below is an assessment of some key players in the market, along with an overview of their market shares and the software types they offer.
Regarding market segments, the retail sector stands out as one of the primary adopters of video surveillance software, followed by the government, transportation, and banking and finance sectors. Cloud-based video surveillance software has gained popularity due to its convenience and scalability. Additionally, the rising integration of artificial intelligence and machine learning technologies is expected to drive the growth of intelligent video surveillance software in the future.
In conclusion, the video surveillance software market is anticipated to continue its expansion in the forthcoming years, driven by the increasing demand for real-time monitoring, enhanced safety and security measures, and the drive to optimize surveillance operations. The retail sector, along with the government, transportation, and banking and finance sectors, are leading adopters of video surveillance software. Cloud-based and intelligent video surveillance software are expected to witness high demand in the future.
When choosing software, it's essential to think about whether it has smart object detection using Artificial Intelligence. This helps save money by avoiding excessive use of storage space. Without this detection, some systems constantly record everything to avoid missing any events. Security Artificial Intelligence is becoming more common.
In the end, the right video surveillance software for you depends on what you need and like. Look at the features and abilities of each software and pick the one that suits your needs the most.