Chinese CCTV surveillance market increase by 30%
28 November 2012
The video surveillance market has increased by 30% per year in China, according to latest figures from IMS Research who estimate the market was worth $2.6 billion in 2011.
IMS research analyst, Chery Li, said: “Due to the increasing demand for high resolution images, network security products, especially network cameras, gained market share in 2011. In fact, network camera revenue increased 130 percent in 2011. In addition, the growth also benefited from the increasing number of participants in the market. It should be noted that competition also reduced pricing, which is an important element in the market.
“High definition is a definite trend for the video surveillance market in China over the next few years. Besides network security products, HD-SDI products also gained greater attention. However, HD-SDI products are still expensive, and lack of a complete HD solution in the market. As a result, we estimated that it only had limited shipments in 2011.”
The market is forecast to grow at a rate of 20% for the next five years concluding that China would be the largest physical security market by 2020.
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