Industry researcher IHS Markit expects the number of cameras used for surveillance to rise above 1 billion by the end of 2021, marking an almost 30% increase from the 770 million such cameras in use today.
China will continue to account for more than 50% of the total, but fast-growing, populous nations such as India, Brazil, and Indonesia also will help to drive growth in the sector.
The global security camera industry has been spurred by developments in image quality and artificial intelligence (AI), technologies that allow better and faster facial recognition and video analytics.
While “coverage of the surveillance market has focused heavily on China's massive deployments of cameras and AI technology,” observed IHS analyst Oliver Philippou, “future debate over mass surveillance is likely to concern America as much as China."
From The Wall Street Journal
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Abstracts Copyright © 2019 SmithBucklin, Washington, DC, USA
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