Driven by the latent demand for innovative and better performing products growth in Video Surveillance increased in 2017. The competitive environment has been challenging for Western and Asian manufacturers as the two major Chinese manufacturers Dahua and Hikvision continued to drive down prices in order to rapidly gain market share and volume and pulled in many much smaller competitors to enter the ‘race to the bottom”. There are now encouraging signs to show that the race is over for at least for the time being. According to our New Report the world market for Video Surveillance products was $15.87 billion in 2017 and will grow at a CAGR of approximately 7.5% to 2022 when it will reach $22.78 billion. Product prices have fallen dramatically in the last 24 months and this has been a major factor in restricting revenue growth. This is not to say that a business strategy to create volume to meet the […]