The year 2020 will represent a landmark for the video surveillance industry, with global sales of goods including cameras, recorders, video management software (VMS) and accessories projected to surpass $20 billion for the first time. That is according to the market research company IHS Markit, now a part of Informa Tech.
As the researchers point out, the world’s two largest economies, the United States and China, embroiled in a trade dispute, are also the two largest players in the video surveillance market. China accounts for about 45 percent global sales revenue, the United States is in second place. Despite industry-specific tariffs and sanctions, the worldwide video surveillance market is forecast to grow by almost 10 percent annually in 2020, with some regional markets, like India and Southeast Asia, expanding even more rapidly.
Deepfakes, the 5G revolution and the so-called Artificial Intelligence of Things (AIoT) are among issues discussed in the IHS paper, titled Security Technologies Top Trends For 2020. This 10th annual white paper is designed to provide guidance on opportunities across the video surveillance landscape. The firm has identified seven topics for 2020:
– Approaching the 1 billion mark in installed cameras worldwide: What does this mean?
– Significant shifts to shake up video surveillance manufacturing
– 5G promises turbocharged video for the security industry
– The uncomfortable truth of deepfake video surveillance
– From IoT to AIoT: merging artificial intelligence with the internet of things
– Analytics at the edge
– Moving the cloud on premise.
