The Incredible Growth of AI Camera Industry 2021

 Artificial Intelligence (AI) cameras are armed with technologies such as image recognition, computer vision, speech/voice recognition, machine learning, among others, that form the umbrella for AI technology. The AI cameras have a wide application in surveillance cameras, and smartphones wherein the technology is used to detect the intensity of light, landscape, and white balance while capturing an image.

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The adoption of artificial intelligence technology in smart devices and the advancement and development of big data are some of the significant factors driving the growth of the AI camera market. Moreover, device manufacturers, the businesses, and consumers across developed and developing countries are realizing the advantages and importance of integrating artificial intelligence in existing systems, which is anticipated to boost the growth of the AI camera market.

The report analyzes factors affecting AI camera market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the AI camera market in these regions.

Reports Web study has included the latest coverage of the impact of COVID-19 on the AI camera industry. It has been seen that in a crucial time of COVID 19 spread, there has been an increase in the concerns about public safety and security, which has led to high usage of AI camera. The growing adoption of IP cameras, as well as the rising demand for wireless and spy cameras, is driving the growth of the video surveillance industry and affecting the AI Camera market.