City Surveillance Market to More than Double by 2017
The global market for electronic security equipment aimed at city surveillance applications will more than double in size from 2012 to 2017 as metropolitan areas adopt mobile technology to deal with threats more efficiently, according to a new report from IMS Research, now part of IHS Inc.
Worldwide, revenue for electronic security equipment in city security will expand at a compound annual growth rate of 17.8 percent from 2012 to 2017. By 2017, wireless infrastructure and CCTV and video surveillance equipment will amount to just over $3.2 billion, up from $1.4 billion in 2012.