Public Safety, VCA Driving Growth in CCTV
Public surveillance driving growth.
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.