SecurityWorldMarket

11/01/2017

Saudi Arabia reveals 2017 defence budget

Riyadh, Saudi Arabia

Saudi Arabia has announced a 6.6% increase in defence spending as part of the government's 2017 budget. Total spending on the military will rise from SAR179.1 billion (USD47.8 billion) to SAR190.9 billion, according to IHS Janes.

The 2017 budget statement released by the Ministry of Finance on 22 December also suggests that defence spending reached a record high in 2016 despite initial indications that it would be cut.

Budgetary documentation shows that actual spending on defence in 2016 is projected to reach SAR205.1 billion (USD54.7 billion), 14.5% higher than initially budgeted. As a result, the 2017 allocation for defence is expected to be around 6.9% lower than actual spending in 2016.


Product News

Dahua Technology launches ePoE IP system

Dahua Technology Co., Ltd. is launching a system of extended Power over Ethernet (ePoE) devices including cameras, network switches and network recorders. Dahua ePoE IP system supports up to 800 metres between the ePoE camera and the ePoE network switch or ePoE NVR with an embedded switch. It overcomes the limitations of traditional Ethernet and POE (both restrict cable distances to around 100 metres (328 feet) between network ports) and eliminates the need for Ethernet extension devices or additional network switches.

Business News

Schema for Dahua facial recognition technology

The future is here - when surveillance meets AI

What will the world be like when surveillance meets AI (Analytics Intelligence)?

According to an IHS report from September 2016, security camera shipments continue to grow at 14.1% CAGR and are predicted to reach 190 million units in 2020, despite revenue growth having slowed to 8.1% CAGR. There are just too many cameras and video footage to be digested by human operators. Most security video footage is erased or over-written without being watched. Video Analytics (VA) Technology was once perceived as a solution to automate the utilisation of abundant video footage resources. By means of identifying and tagging the appearance of certain patterns in a video, the VA or AI system could perform search and run statistics on it.

Product Suppliers
Back to top