The growing demand for technological advancements and the integration of artificial intelligence in video analytics across various industries for business function monitoring is driving market growth. In addition, the increasing need for security cameras to surveil assets and machinery is expected to further propel this market. However, the high installation costs, potential security breaches by hackers, and inadequate internet infrastructure in developing nations may hinder market expansion. On the other hand, the rising necessity for business intelligence, insights into consumer behavior, and the collection of data for analytical purposes present significant opportunities for the growth of the AI-powered video analytics market.
