GLOBAL CCTV is projected to grow at more than 16 per cent between 2018 and 2023 and its primary drivers include public surveillance, as well as a push for enhanced video content analysis and VSaaS.
BIS Research’s Global Video Surveillance Market – Analysis and Forecast 2018-2023 report projects global CCTV will be worth $US77 million a year by 2023, up from $32 billion in 2017.
Key areas of development include demand for reliable high bandwidth networks, the use of multi-sensor cameras which incorporate multiple HD cameras to give 360-degree coverage without use of a panomorphic lens, body-worn cameras, the increasing prevalence of drones and drone defences.
Public surveillance solutions are expanding, particularly in Europe, which has experienced an increased number of terror attacks over the last 3 years. Australia, which has experienced vehicle attacks in public spaces, is also seeing a strong growth trend in public surveillance applications at the city and local council level.
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