In 2010, the Chinese security systems integration market was estimated to be worth something in the region of $6.2 billion. The forecast is that it will grow to over $13 billion by 2014.
That’s according to the latest report from IMS Research entitled: ‘The China Market for Security Systems Integration: 2011 Edition’.
For the Chinese security systems integration market, the revenue generated from systems integration installation and maintenance was estimated to account for nearly 40% of total market revenues last year.
This percentage is forecast to rise year-on-year to 2014 due to “strong growth” in the service and maintenance market.
In fact, IMS reports that growth is so strong the installation and maintenance market will be over twice the size (by revenue) in 2014 than it was last year.
End users focusing on added value
“An important trend is the increasing emphasis placed by the end customer on the added value that the software integration platform can provide,” commented IMS’ senior analyst and Chinese security market specialist Bo Zhang.
“In the past, security systems integrators could not quote separately for the software portion of a solution in a tender because the end user didn’t realise the value of the software. As this industry matures, an increasing number of systems integrators are investing more R&D budget in software development to add value to their solutions and help differentiate themselves from their competitors.”
The news arrives barely a day after Prime Minister David Cameron welcomed Chinese vice-premier Li Keqiang to Number 10 Downing Street as part of the latter’s four-day visit to the UK.
Cameron said the vice-premier’s visit would “build on the momentum” from his own trip to Beijing last year, and offered a real opportunity for Britain in terms of trade, jobs and economic growth.
Earlier yesterday, deputy PM Nick Clegg held bilateral talks with vice-premier Li and attended a ceremony at Lancaster House where the two countries signed agreements worth an estimated value of GB pound 2.6 billion.
Clegg said that the agreements signed by British and Chinese companies would safeguard 700 jobs in the UK, with “the potential to create many more”.
Further information on IMS Research
IMS Research is a leading independent provider of market research and consultancy.
The company’s headquarters is in the UK, with offices in the US, China, Japan (as of Q1 2011), South Korea and Taiwan.
IMS Research regularly publishes detailed research on the security sector which we then carry on info4security/SMT Online. Examples of the market sectors covered include access control, CCTV and intruder alarms.
For further information log on to the website (a link is provided on the right hand panel of this page)
