A Billion Surveillance Cameras Forecast to Be Watching Within Two Years

beSpacific 2019-12-05

WSJ.com – Global numbers to grow almost 30% as higher image quality allows better facial recognition – “As governments and companies invest more in security networks, hundreds of millions more surveillance cameras will be watching the world in 2021, mostly in China, according to a new report…”

Source: Video Surveillance Installed Base Report – 2019 – “IHS Markit has been tracking annual shipment volumes of video surveillance cameras since 2004. This report builds on nearly two decades of research to provide a dedicated analysis of the installed base of network, analog and HD CCTV security cameras. This report provides market sizes, forecasts and market shares for the installed base of network, analog and HD CCTV cameras globally. An increasing number of video surveillance cameras are being shipped every year. This growth is being driven by long-standing trends, such as the shift from analog to network equipment, increased government funding, and increased price competition, meaning security cameras have never been more affordable to the end-user. Furthermore, increased adoption of technologies such as wide dynamic range, higher megapixel rated cameras and video analytics are also driving adoption. So, what does this mean for the installed base of security cameras?…”