China Intelligent Security & Protection Market to Outline CNY 1 Trln by 2020, Expects ASKCI Consulting in Its Report Published at MarketPublishers.com
07 Jun 2017 • by Natalie Aster
LONDON – Owing to the rising support from national policies, the Chinese intelligent security and protection industry has demonstrated considerable growth over the recent years. As of 2016, the market stood at around CNY 373 billion. In 2020, the market value is poised to cross the CNY 1 trillion mark. The intelligence security and protection market growth in China is predicted to be encouraged by the rising awareness about security and protection and relative goals set up under the 13th 5-year plan.
Video monitoring systems and burglar alarm systems make up the key sectors of the intelligent security and protection market in China. These two sectors are predicted to maintain robust growth pace in the foreseeable future. During 2010-2016, the growth rate of the video monitoring system sector stood at more than 13%, and in 2016 the sector reached CNY 174 billion. Meanwhile, the value of the burglar alarm system sector grew up to CNY 18 billion in 2016.
ASKCI Consulting research report “Market Research on Intelligent Security and Protection in China 2017-2022” provides a comprehensive in-depth analysis of the current situation in the Chinese intelligent security and protection industry. This all-encompassing report offers an overview of the top development trends, highlights imports and exports dynamics, uncovers statistics on supply and demand, covers the market dynamics, limelightes the major market growth barriers and drivers, identifies the emerging market growth opportunities through 2020. Moreover, the competitive scenario overview along with profiles of the dominant companies is available. This report includes useful recommendations and sheds light on the lucrative commercial and investment opportunities. Additionally, future forecasts for the Chinese intelligent security and protection market through 2022 are at hand.
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