South Korea AI CCTV Market by Component (Hardware and Software), by Camera Type (Dome Cameras, Bullet Cameras, and Box Cameras), by Deployment (Cloud-Based and On-Premise), and End User (Commercial, Residential, and Industrial)–Opportunity Analysis and In

South Korea AI CCTV Market by Component (Hardware and Software), by Camera Type (Dome Cameras, Bullet Cameras, and Box Cameras), by Deployment (Cloud-Based and On-Premise), and End User (Commercial, Residential, and Industrial)–Opportunity Analysis and Industry Forecast, 2024–2030

South Korea AI CCTV market size was valued at USD 771.7 million in 2023 and is predicted to reach USD 3067.3 million by 2030, with a CAGR of 19.9% from 2024 to 2030.

The AI CCTV market is growing due to the surge in governmental initiatives aimed at technological advancements, including artificial intelligence, machine learning, and blockchain. These initiatives are specifically designed to enhance the effectiveness of surveillance systems while incorporating cutting-edge technologies to address emerging security concerns. For example, the Seoul Metropolitan Government's announcement in January 2022 to allocate USD 287 million towards various projects highlights a commitment to leading digital transformation post-COVID-19. Importantly, these projects prioritize the use of AI-powered CCTV systems and the development of blockchain-based services, indicating a strategic investment in leveraging advanced technologies to strengthen security measures and improve urban infrastructure. Therefore, the integration of AI, ML, and blockchain into CCTV systems represents a significant step towards enhancing security measures and ushering in a new era of smart and secure cities.

Moreover, the AI CCTV market is driven due to the announcement of plans by the Seoul Metropolitan Government in December 2023 to deploy AI-based surveillance cameras, marking another significant catalyst. This initiative forms part of a concerted effort to address random attacks and criminal activities within the capital city. According to the city administration's directive, all CCTV units situated across Seoul, including those in parks and hiking trails, will be equipped with AI technology to autonomously identify potential suspects and instances of assault. Such integration enables the surveillance infrastructure to autonomously detect and respond to potential suspects and incidents of assault, thereby considerably enhancing public safety and security across various urban landscapes. This proactive approach underscores the transformative potential of AI-based surveillance in mitigating security threats and safeguarding citizens, thus driving the demand for advanced AI-driven CCTV solutions in urban environments worldwide.

However, the integration of AI into CCTV systems raises a notable issue: cybersecurity vulnerabilities. Despite their advanced surveillance capabilities, these systems are still vulnerable to hacking and unauthorized access. The threat of cyber-attacks poses a significant challenge, endangering the confidentiality and integrity of the sensitive information captured by these systems. A security breach not only compromises data but also undermines the reliability of surveillance, potentially allowing malicious actors to manipulate or disable critical components. With an increasing dependence on AI-driven CCTV systems, prioritizing protection against cyber threats becomes essential to maintain the credibility of these technologies in safeguarding both public and private security.

On the other hand, as AI continues to advance, the fusion of behavior analytics with CCTV systems is positioned to become a powerful asset in security and surveillance. AI algorithms can be trained to analyze human behavior patterns and promptly detect anomalous activities as they unfold. These capabilities include identifying suspicious movements, instances of loitering, or deviations in crowd behavior. By leveraging AI for behavior analytics, both businesses and governments can enhance their security protocols, reinforcing the role of the CCTV industry as a vital contributor in the domain of advanced threat detection and prevention.

Segment Overview

The South Korea AI CCTV industry is segmented based on offering, camera type, deployment, end user, and region.

 By offering, the market is classified into hardware and software.

 By camera type, the market is segmented into dome cameras, bullet cameras, and box cameras.

 By deployment, the market is divided into cloud-based and on-premise.

 By end user, the market is classified into commercial, residential, and industrial.

Key Players

The key players in the South Korea AI CCTV market include companies such as:
• Hangzhou Hikvision Digital Technology Co., Ltd.
• Zhejiang Dahua Technology Co., Ltd.
• Axis Communications AB
• Motorola Solutions, Inc.
• Hanwha Vision Co., Ltd.
• Tiandy Technologies
• Zhejiang Uniview Technologies Co., Ltd.
• IDIS Ltd.
• Arlo Technologies, Inc.
• Vivotek Inc.

Key Benefits
• The South Korea AI CCTV market report provides a quantitative analysis of the current market and estimations from 2024 to 2030. This analysis assists in identifying the prevailing market opportunities to capitalize on.
• The study comprises a comprehensive analysis of the South Korea AI CCTV market trends, including current and future trends to depict prevalent investment pockets in the market.
• The information related to key drivers, restraints, and opportunities and their impact on the South Korea AI CCTV market is provided in the report.
• The competitive analysis of the market players along with their market share in the South Korea AI CCTV market is provided in the report.
• The SWOT analysis and Porter’s Five Forces model are elaborated in the report.
• The value chain analysis in the market study provides a clear picture of the roles of stakeholders.