The global video surveillance market experienced a small growth in 2023, with China registering a decline that offset a larger growth seen in the rest of the world, a report by Novaira Insights noted.
The global video surveillance market experienced a small growth in 2023, with China registering a decline that offset a larger growth seen in the rest of the world, a report by Novaira Insights noted.
According to the report, released earlier this month, the global market for video surveillance hardware and software registered a 2023 growth of 3.4 percent, which was the combined effect of a decline of 2.7 percent in the Chinese market and an 8.2 percent growth for the rest of the world.
China is estimated to have remained the world’s largest regional market for video surveillance equipment, accounting for 41 percent of the world market in 2023, the report said. However, it notes that...
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