The latest report by IMARC Group, titled “Artificial Intelligence (AI) Camera: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global artificial intelligence (AI) camera market size reached US$ 5.94 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.96 Billion by 2028, exhibiting a growth rate (CAGR) of 16.0% during 2023-2028.

Artificial intelligence (AI) is the ability of computer systems to perform tasks that require human intelligence, such as learning, problem-solving, decision-making, perception, natural language understanding, and creative tasks. It is cost-effective and timesaving and offers increased performance, improved decision-making, enhanced productivity, and reduced human errors. It assists in analyzing a huge amount of data and performing complex tasks in an effective manner. As a result, AI is widely employed in the healthcare, automotive, IT and telecommunication, media and entertainment, agriculture, military and defense, and banking, financial services, and insurance (BFSI) industries across the globe.

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Artificial Intelligence (AI) Camera Market Trends and Drivers:

At present, the rising adoption of AI in the healthcare industry, as it offers improved accuracy and efficiency in diagnosis, treatments, and forecasting, represents one of the key factors supporting the growth of the market. Besides this, the increasing demand for AI in the automotive industry to manufacture self-driving vehicles is strengthening the growth of the market. Apart from this, the growing utilization of AI in the BFSI industry to answer frequently asked questions (FAQs) of customers is positively influencing the market. Moreover, the increasing utilization of AI by various organizations to increase profitability, enhance customer experience, and lower expenses is offering lucrative growth opportunities to industry investors. Furthermore, the rising employment of AI in smartwatches, cameras, and wearable devices across the globe is bolstering the growth of the market.

Report Segmentation:

The report has segmented the market into the following categories:

Technology Insights:

• Image/Face Recognition
• Computer Vision
• Emotion Recognition
• Network Cameras
• Security Cameras
• Others

End User Insights:

• BFSI
• Healthcare
• Automotive
• Retail
• Government
• Logistics and Transportation
• Military and Defense
• Commercial Spaces
• Media and Entertainment
• Others 

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Competitive Landscape with Key Player:

• Avigilon Corporation
• Canon Inc.
• Eagle Eye Networks
• Hangzhou Hikvision Digital Technology Co. Ltd
• Hanwha Vision Co. Ltd. (Hanwha Aerospace Co. Ltd.)
• Honeywell International Inc.
• Huddly AS
• Mobotix AG
• Zhejiang Dahua Technology Co. Ltd.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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