This industry is surging thanks to China’s dream of ubiquitous digital surveillance

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c-china-RTX14W1P-Kim Kyung Hoon

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 2 hours ago  |  Photo by Reuters/Kim Kyung Hoon
c-china-RTX14W1P-Kim Kyung Hoon

12%

China’s police force wants to build a video surveillance network that is “omnipresent,” inter-connected, and “fully controllable.”

c-china-RTX14W1P-Kim Kyung Hoon

12%

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.

c-china-RTX14W1P-Kim Kyung Hoon

12%

Beijing is planning to use some cameras, along with other data sources, to feed a “social credit system” that will evaluate citizens.

c-china-RTX14W1P-Kim Kyung Hoon

12%

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.

Published 2 hours ago

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