IHS
Dahua WizMind Empowers Verticals with Topnotch AI Technologies
To cope with the ever-escalating complexity of security challenges involving huge flows of people and vehicles, we need something like the fabled omniscient guard, which fortunately has materialized now thanks to deep-learning AI. According to IHS report 2019, the total market value of Professional Video Surveillance Equipment grows to US$27,199.1 million in 2023. In the last couple of years, the market share of AI in the security industry is becoming increasingly remarkable.
Safe Cities: Why Video Matters in These Environments
Today’s growing cities are unfortunately considered soft targets, making them challenging to secure as they’re comprised of many different spaces, including sidewalks, parks, office buildings, streets, parking areas and much more. Additionally, numerous stakeholders, such as private business owners, public entities and law enforcement agencies, are often involved in the decision-making process for investments in technology to keep these areas safe.
Video Surveillance Market Gets More Concentrated – But Not Mainly Through Acquisition
The year 2013 was a pivotal one for the video surveillance industry, because it was when predictions of market concentration started to become a reality. It was also when the estimated market share of the top 15 video surveillance equipment suppliers jumped 10 percentage points over the previous year’s share. In short, 2013 was when the video surveillance market finally started to mature. But that is not the whole story. Supply was —and is— becoming more concentrated, but it was not primarily the result of the many acquisitions the industry has experienced in recent years.
Growth In Global Professional Video Surveillance Market Slowed In 2015
This is a Research Note from IHS, Inc., providing information on the latest findings from its research into the video surveillance equipment market. The world market for professional video surveillance equipment grew by 1.9% in revenues in 2015. This is according to recently published estimates from IHS Inc. (NYSE: IHS), through its Video Surveillance Intelligence Service. This is a much lower rate of growth than in 2014 (14.2%) and 2013 (6.8%).