International. Jacky Zhang, an analyst at IHS Markit recently stated that the global market for city surveillance security equipment has registered strong growth in recent years, surpassing US$3 billion in 2017.
The global city surveillance market is projected to grow at an average annual rate of 14.6 percent in 2016-2021.
The Chinese market for security equipment in city surveillance is the largest in the world, accounting for two-thirds of global revenue.
China will become the first country to widely use facial recognition in city surveillance projects, with more than 10,000 smart cameras expected to be deployed in the city of Shenzhen in 2018.
State capitals and major cities have been a sustainable growth engine for the rapid development of the city surveillance market in recent years. Driven by national policies, state capitals are expected to continue to support the growth of the city surveillance market in the coming years.
The primary purpose of city surveillance systems is to help police forces maintain public safety and reduce crime. However, compared to other vertical markets, city surveillance systems typically cover much larger areas. As a result, these systems face significantly more complicated risks and technical issues than other application scenarios.
The complexity of the system, and the scale of use vary widely, depending on how much budget a city has at its disposal to invest in this type of technology. Major events, such as Beijing 2008 and London 2012 and Shanghai Expo 2010, led to considerable investment and significantly stimulated the development of surveillance systems in those cities. Whether city budget cuts become necessary, reducing the size and complexity of a surveillance project – or delaying installation – is often the action taken.
Sufficient funds provided for city surveillance projects are made available, many advanced technologies can be implemented to help the effectiveness of an implementation. For example, the market has witnessed the increasing demand for video content analysis in city surveillance projects, especially facial recognition.
In addition to the evolution of video content analytics, cameras, and body-side law enforcement services, the market base for city surveillance equipment is also increasing. As a novelty, cameras used in the body of the uniformed in order to expand the coverage of surveillance and the capacity of the police forces, beyond the already known and complementary video in the car of the police force. In addition, the cameras carried on the body by police officers can observe interactions between the officer and criminals or members of the public, offering a more reliable guarantee of procedural justice.
