Security

Global Video Surveillance Market is Unbalanced & This is Unlikely to Change Soon

Video Surveillance is a fast moving global business requiring high levels of R&D expenditure to stay competitive. Our latest report discusses how the global business has become unbalanced because of China. And how this is not a problem of technology or performance but at its core a geopolitical challenge. The main reason seems to be that Chinese public sector business such as Safe City and Sharp Eyes projects today account for around 50% of the Chinese’s video surveillance market, and are basically not open to overseas manufacturers. Not being able to fully trade in China’s Video surveillance market, which we estimate currently accounts for around 40% of world sales, is difficult enough but this has also been compounded by the 2 largest Chinese manufacturers, HIKvision and Dahua, adopting aggressive pricing strategies in western markets. Western manufacturers have no control over this and have to find other ways in which to compete with cheaper Chinese products. […]

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