by Edward Troha
Here in Shenzhen, which is in south China and the closest large city to Hong Kong, Haloween was not so much about companies being scared if they would still be around into 2010; it was about the huge number of people that have descended on what I think is the largest security show on the planet.
At this year’s CPSE 2009 (China Public Security Exposition), there are more than 1300 exhibitors from around the world (the International Hall alone numbers about 500 Chinese and non-Chinese companies that are doing business internationally.) But get this: the organizers predicted as many as 75,000 people would attend the expo and the accompanying conference over the 4 days from November 1st through 4th. Naturally, there is a heavy emphasis here on video surveillance, and there are literally hundreds of companies competing for all the money the China government has committed to video surveillance solutions, especially in their cities.
For ObjectVideo, we received forecasts this week of opportunities and channel sales from our OEMs not just in the security business, but in retail, banking and transportation. That’s why I and my colleagues have spent a lot of time in ’09 in the Asia market.
What should this mean to any company that is working internationally? If you’re not in China you’re missing the boat in a big way. You can really sense the growth here – new cars (Mercedes; Ferraris no problem), new purses, new watches, new clothes – all made here, naturally. This is a country full of customers and consumers with increasingly fatter wallets.
Needless to say, we’re getting busier in Asia. What was that about a recession?