Market Share of AI Video Analytics Industry
The global AI video analytics market is semi-consolidated due to large vendors in the global market. The key players are involved in various strategies, such as acquisitions and partnerships, to improve their market share and enhance their profitability in the market.
In March 2023, Irisity AB (publ), a player in advanced video analytics, announced the release of Irisity Edge for Axis. Customers are expected to receive a comprehensive, intelligent video security system that blends best-in-class video analytics with market-leading surveillance cameras. The system runs Irisity's AI perimeter security algorithms embedded in the Axis camera without additional hardware. Irisity Edge for Axis combines Irisity's industry-leading video analytics based on deep learning AI models and machine learning with Axis Camera Applications Platform (ACAP) video devices.
In August 2022, Spin-off from MIT Derq, a real-time AI analytics solutions provider for linked roads and vehicles, teamed up with distributor Paradigm Traffic Systems to offer its AI video analytics and connected infrastructure solutions to Texas. Derq's advanced technologies were to be combined with Paradigm's strong market presence and long-standing customer relationships to improve road safety and smart traffic infrastructure in Texas.
AI Video Analytics Market Leaders
IndigoVision
Robert Bosch GmbH
AxxonSoft
Axis Communications AB
Panasonic Holdings Corporation
*Disclaimer: Major Players sorted in no particular order
