International. The year 2020 will represent a milestone for the video surveillance industry, with global sales of goods including cameras, recorders, video management software (VMS) and accessories projected to exceed $20 billion, for the first time, according to IHS Markit | Technology, now part of Informa Tech.
Significantly, the world's two largest economies, the United States and China, currently embroiled in a heated trade dispute, are also the two most important players in the video surveillance market. China accounts for about 45 percent of global sales revenue, ahead of the United States, which ranks second.
Despite the ongoing trade dispute and industry-specific tariffs and sanctions, the global video surveillance market is forecast to grow nearly 10 percent annually in 2020, with some regional markets, such as India and Southeast Asia, expanding even more rapidly.
What will be the top security technology stories of 2020?
Deepfakes, the 5G revolution and the so-called Artificial Intelligence of Things (AIoT) are just some of the topics discussed in the last one| Technology White Paper, Titled Security Technologies Top Trends for 2020.
This 10th annual white paper is designed to provide guidance on opportunities in the video surveillance landscape.
IHS Markit has identified seven issues that will be important hotspots for debate and discussion in 2020:
• Approaching the billion mark in cameras installed worldwide: What does this mean?
• Significant changes to shake up video surveillance manufacturing
• 5G promises turbocharged video for the security industry
• The uncomfortable truth of deep video surveillance
• From IoT to AIoT: merging artificial intelligence with the Internet of Things
• Analytics at the edge
• Move the cloud on-premises
Source: IHS Markit | Technology.
