Security

How Long will the Video Surveillance “Great Wall of China” Hold?

Our recently published 11th annual report shows that the world market for Video Surveillance products is split between China having approximately 45%, and the Rest of the World (RoW) sharing 55%. As it currently stands, The Chinese Government restricts foreign investment and business in specific key industries and there are certainly regulations on foreign ownership of SaaS companies, which would prohibit many VSaaS and AI Video Analytic companies from operating fully in China. Given also that mass surveillance is a key Government policy, any foreign equipment is basically seen as a risk to national security. Essentially then, the Chinese market is protected and the vast "Sharp Eyes" & "Safe Cities" public surveillance programs are only open to local manufacturers like Dahua and HIKvision. These two companies now take over 50% of the total world demand for video cameras and have the scale to, adopt at will, competitive pricing strategies across the globe, taking more market […]

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