The People's Republic of China, home to one-sixth of the planet's
humans, is going gangbusters on CCTV video surveillance technology--so
much so that it's expected to be "the solid core of the recovering
global video surveillance market" in 2010, according to a new report
from England-based IMS Research.
According to its newly published report “The China market for CCTV
and Video Surveillance Equipment – 2010 edition,” video
surveillance revenue in 2010 is expected to top "disappointing" 2009
revenue by more than 20 percent.
The China CCTV and video surveillance market was estimated to be worth
just over $1.4 billion in 2009,'mounting bracket wholesale'
(
http://www.cctvfromchina.com/mounting-brackets/), IMS said. The market
is forecast to grow at a compound annual growth rate of 20.2 percent
between 2010 and 2014 and be worth an estimated $3.5 billion in 2014--a
substantial portion of the global market.
IMS says the major drivers for market growth are increasing investment
from the government in infrastructure and public security projects, as
well as construction of "Safe City" projects. Airport,'outdoor cctv
cameras' (
http://www.saferguard.com/outdoor-cameras.html), port and
railway and education sectors are forecast to be the fastest growing
sectors over the next five years.
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