Security market lies in future growth possibilities

The US security market has huge space and the video surveillance market is growing rapidly. In recent years, the scale of the global security market has continued to rise. At the same time, the size of the US security market has increased more obviously, and the growth rate is much higher than that of the global market, showing a very strong momentum. In 2016, the global security product market reached US$28.4 billion, up 3.65% year-on-year; while the size of China’s security market grew to approximately 540 billion yuan, and the growth rate reached 9.20%.
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According to the data, the global video surveillance equipment market has reached US$12.5 billion in 2012. The expected compound growth rate for 2012 and 2016 is 11.5%, and will reach a huge scale of US$19.4 billion in 2016. Among them, the US market accounts for about one-third of the market. In 2012, China’s market size was about 4.178 billion US dollars. It is already a global security market and maintains a high growth rate of 17.5%.
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Security needs have escalated, and government investment has increased security investment. Domestic public security incidents occur frequently. Although the state has increased its investment in the security industry, China’s security system construction is still not perfect, and the security industry has huge market demand and room for improvement. In addition, in recent years, with the acceleration of the urbanization process, the concept of a smart city in the safe city has been repeatedly mentioned, driving the rapid development of related industries. Driven by various factors, China’s security industry has rapidly increased its economic prospects and formed a huge industry prospect.

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