The tragic bombings that took place during the Boston Marathon on April 15 are likely to spur a dramatic increase in spending on video surveillance equipment, according to market research firm IHS.
According to the latest forecast from IMS Research -- now part of IHS -- worldwide revenue for video surveillance is projected to rise to $20.5 billion in 2016, up a resounding 114 percent from $9.6 billion in 2010. Following the bombings, IHS said the growth may be even more dramatic (the firm is currently in the process of revising its forecast).
History has shown that high-profile terrorism incidents such as the Boston Marathon bombings can drive increased government spending on security, IHS noted.
Click to read the rest of this story on EE Times.