This industry is surging thanks to China’s dream of ubiquitous digital surveillance
4 months ago admin2 Comments Off on This industry is surging thanks to China’s dream of ubiquitous digital surveillance
China’s video surveillance market is worth $6.4 billion and expected to grow 12% per year through 2021. (By comparison, the US is worth $2.9 billion, growing less than 1% annually.)
Published| Photo by Reuters/Kim Kyung Hoon
China’s police force wants to build a video surveillance network that is “omnipresent,” inter-connected, and “fully controllable.”
China already has an estimated 176 million security cameras installed everywhere from streets to train station to airports, and is expected to have 620 million in three years.
Beijing is planning to use some cameras, along with other data sources, to feed a “social credit system” that will evaluate citizens.
Chinese companies like DeepGlint and SenseTime provide the software and the hardware for China’s surveillance systems, backed in some cases by US venture capital firms like Sequoia Capital.