If you’re ready to invest better, Global Future Capital Stock Advisor can help. You don’t need a degree in Finance to grow your wealth. You just need a few minutes a month, and some great stock recommendations – and that’s what we’re here for.Read more
One billion surveillance cameras will be watching around the world in 2021— and more than half of those cameras will be in China — according to a report from IHS Markit published on Thursday.
The report comes as experts warn about the potential risks of such surveillance technology, including potential access to data by the Chinese government.
China is home to some of the world’s largest makers of video surveillance products, such as Hikvision, Huawei and Dahua.
China’s push to export surveillance camera technology, including to liberal democracies, has raised concerns over the risk of data being funneled back to Beijing and the growing influence of the Communist Party, experts told CNBC in October.
China has built a vast surveillance state that utilizes cameras powered by facial recognition software, including cameras perched on streets, buildings and lamp posts that can recognize and identify individual faces.
Chinese tech companies supply artificial intelligence surveillance technology to 63 countries — of those, 36 have signed onto China’s massive infrastructure project called the Belt and Road Initiative, according to a September report by the Carnegie Endowment for International Peace think tank.
China currently has far more installed surveillance cameras than any other region in the world. The Americas are next in line, accounting for 18% of all installed surveillance cameras, and Asia, excluding China, accounted for 15%, the report said.
Those same regions will see the greatest growth of surveillance cameras over the next two years, the report said, driven by growth in developing countries like India, Brazil and Indonesia. These countries are expected to surpass Japan and the U.K. to join China and the U.S. as the top five largest markets for installed surveillance cameras.
The report also indicated that if the data were to be broken down by the number of installed surveillance cameras per person, the U.S. is actually not far behind China. In 2018, one camera was installed for every 4.1 people in China. In the U.S. during the same year, there was one installed camera for every 4.6 people.