Policymakers must embrace video analytic capabilities for existing camera surveillance systems to maximise the potential of smart cities, says a US-based storage and data infrastructure firm.
“By 2020, spending on video analytic technology in Asia-Pacific will surpass the US and European markets because of rapid adoption of smart cities for urbanisation and economic growth,” said Keith Roscarel, director of public safety and smart cities for Asia-Pacific at Hitachi Data Systems.
The market for video analytic software and services in the Asia-Pacific region was worth US$3.3 billion (109 billion baht) in 2016 and is expected to reach $6 billion by 2020. Thailand’s video analytic spending is growing at 19% a year, slower than in China (21%) and India (22%).
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