Market development of video surveillance equipment in the era of wisdom

Video surveillance, is an important part of the modern security industry, with its intuitive, accurate, timely and rich information content and widely used in many occasions。After more than half a century of development and evolution, China's video surveillance has gradually developed into a mature industry with a huge market size。Thanks to the rapid growth of industrial technology, enterprise brand building, market demand and other aspects, China's video surveillance application field continues to expand, in urban security, traffic management, banks, hospitals, schools and other scenarios have a large space for installation demand growth。
With the rapid development of "safe city", "smart city", "intelligent transportation" and other projects，Coupled with the growing awareness of social security，China's video surveillance industry has entered a stage of rapid development，The market size shows a steady growth trend，It will grow from 175 billion yuan in 2016 to 316.5 billion yuan in 2020，The compound annual growth rate is about 16.0%, it is expected that with the expansion of market demand in the future, its market size still has a large growth potential。
The continuous development of the video surveillance industry has also led to the expansion of the video surveillance equipment market。From the perspective of the industrial chain，The upstream of video surveillance equipment mainly includes chips, components and other electronic products，Its market development has a great impact on the production cost and technology upgrade of video surveillance equipment;The midstream is mainly for hardware and software equipment design, manufacturing and manufacturers，Mainly including front-end camera, back-end storage video equipment, display and other equipment suppliers, system integrators;Downstream applications are mainly concentrated in government, transportation, banking and other consumer scenarios。
In the context of the rapid development of the video surveillance industry, China's video surveillance equipment market has also shown a good development trend, the market size from 43 billion yuan in 2016 to 2020 to reach 70.4 billion yuan, the average annual compound growth rate of about 13.1%, is expected to maintain an annual growth rate of about 9% in the next five years, the entire industry still has a large space for development。
As far as it goes，The development momentum of China's video surveillance equipment industry is relatively strong，But in the process of development，There are still some problems to be solved，Including a unified data sharing platform is relatively lacking, relevant technologies are difficult to break through, and industry standards have not yet been unified，All have limited the further rapid development of the domestic video surveillance equipment industry to a certain extent，Therefore, the future development of the industry also needs the joint help of the government and enterprises。
China's video surveillance equipment industry is still in the development stage, the future with the gradual penetration of video surveillance in enterprises, hospitals, banks, families and other fields, the market demand for video surveillance growth space is huge。But for now, China's video surveillance equipment industry still has some development problems, the future development of the industry also needs the government to formulate unified industry standards, enterprises to accelerate technology research and development and upgrade。