Reducing the frames per second (FPS) by 50% will reduce the bitrate by less than 50%. This is because the bitrate is influenced not only by the frame rate but also by the complexity of the image content and the compression efficiency. While lowering the FPS reduces the amount of data being processed, other factors like scene complexity and motion still impact the overall bitrate. Axis documentation on video compression and bitrate management indicates that halving the FPS typically results in a less than proportional reduction in bitrate.