After Boston, spending on video surveillance expected to surge
26 Apr 2013
Video surveillance, a market that was already on an upward trajectory, is expected to receive a big boost in spending following the bombings in Boston. The market for video surveillance equipment was already forecast to grow to $20.5 billion in revenue in 2016, up 114% from 2010’s revenue of $9.6 billion, according to IHS, an insights and analytics company. But now, IHS says it is recalculating its forecast after the Boston Marathon bombings. IHS says high-profile terrorist attacks historically have driven governments to increase spending on video surveillance equipment, and the same is expected following the Boston bombings.