Many like to make decisions based on market statistics. It gives (misleading) comfort about what the right move is. For instance, if the market is X billion or growing at Y percent, then our plan for Z is right. Unfortunately, statistics are routinely misunderstood or misapplied. In the surveillance industry, perhaps the most critical distractor is the impact of the Chinese market. In this note, we examine statistics and projections, showing how decisions can be badly skewed based on global numbers.
China is obviously big and growing faster than the world average. The challenge is when those numbers are mixed with the entire world, it skews the perception of the market.