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| IMS Research forecasts high growth for the Chinese security systems integration market by 2014 |
The Chinese security systems integration market was estimated to be worth $6.2 billion in 2010 and is forecast to grow to over $13 billion in 2014, according to the latest report from the IMS Research, The China Market for Security Systems Integration - 2011 Edition, published by IMS Research in January 2011.
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 in 2010. This percentage is forecast to rise year-on-year to 2014 due to strong growth in the service and maintenance market. In fact, growth is so strong that the installation and maintenance market will be over twice the size in 2014 that it was in 2010 (by revenue).
"An important trend is the increasing emphasis placed by the end-customer on the added value that the software integration platform can provide," comments senior analyst, 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-customer did not 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."
