Information Communication and Technology Reports China Smart Cities Market

China video market segment is currently spearheading in terms of new use China is making progress to improve the surveillance of its people by adding of AI, facial, and gait recognition capabilities in its security and system. China is more focused on the surveillance system that will connect security cameras nationwide via the cloud to a database of every person’s facial ID profile and a file of their personal details. Hangzhou based Hikvision a video surveillance company is one of the prominent player in world CCTV camera and video surveillance equipment market. In 2015, the Ministry of Public Security has launched a project aiming to establish a giant facial recognition database to identify any citizen within seconds, the project is still under development phase. It targets to achieve an accuracy rate of 90% but faces formidable technological hurdles. The project aims to identify any one of its 1.3 billion citizens within 3 seconds. The country is more focused on the real-time analysis of surveillance data using the sensor system to improve public system and security. Role of government in smart cities market in China during the forecast period The Chinese government has begun to adopt and implement various smart city initiatives. The performance of smart city initiatives significantly varies from one initiative to the other. There is a strong financial and institutional support from the central and local government for making smart city initiatives. Along with the population push and need of rapid urbanization, environmental pollution is also the key driver for the development of smart cities in China. On the other hand, the smart cities initiatives are not only driven by technical rationalities but also by political rationalities. Browse Complete Press Release @ https://www.marketsandmarkets.com/PressReleases/china-smart-city.asp About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441

Information Communication and Technology Reports China Smart Cities Market | Page 2