This article was written by Daphne Tomlinson, Senior Research Associate at Memoori. China has been investing heavily in Artificial Intelligence (AI) in a national bid to become a world leader in the technology. A government plan calls for the country to be at the forefront of AI research by 2030. Billions of dollars are being poured into companies that are researching AI technology, with video analytics and IoT platforms for smart cities being two of the prime applications. Memoori estimates that China accounts for approx. 31% of global physical security revenues. It is now the biggest single country market for physical security products having increased its share by almost 50% in the last 7 years. Video surveillance equipment has been the major contributor here, with the market growing rapidly through a boom in new construction and safe city projects in the public sector. Hundreds of cities in China, large and small, have jumped on the […]