Need for better security opens chances for security and protection products market

08:07, January 17, 2011      

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The growing need for better security will set off huge market opportunities for security and protection products, including vigilance cameras, TV monitors, alarms, entrance control products and others in five years, a Shanghai Securities News report said Friday, citing an expert.

Jin Xiufeng, deputy director and secretary-general of China Security and Protection Industry Association (CSPIA), said that by end of 2015, the security & protection industry shall see an average annual growth rate of around 20 percent, and the output value of the industry will hit 500 billion yuan ($75.76 billion).

Security and protection systems will invade the industries of infrastructure, high-speed railway, express way, subways, ground transportation, environmental protection, retailing, public events, and surveillance of campus and community. The overall campus surveillance system market alone will generate more than 100 billion yuan ($15.15 billion), according to the report.

The Ministry of Public Security also plans to implement video surveillance and alarming systems throughout nearly all cities and towns in China as of its 12th Five-Year Plan (2011-2015). Currently, China has more than 2,300 cities and towns.

The report said also that relevant companies and manufacturers domestically like telecom operators, system integrators and software vendors can only provide shallow solutions, and that for high-end products, the country has to rely on foreign suppliers.

Source: Global Times
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