GDP growth slows down how much security companies will have
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How big is China's security market?
China's security industry started from the 1980s and is about 20 years later than the economically developed countries in the West. Before the reform and opening up, due to the constraints of economic development, China’s security was mainly based on air defense. Security technology prevention was only a concept, and technical protection products were almost blank. In the early 1980s, as an industry, security emerged quietly in economically developed cities and regions such as Shanghai, Beijing, and Guangzhou. Especially in Shenzhen, which is at the forefront of reform and opening up, relying on local advanced electronic technology and its unique geographical location, it gradually developed. Become an important base for the national security industry.
The development of China's security industry has basically taken shape and is quite large. Entering the 21st century, security technology has prevented the product industry from further development. The sudden emergence of smart buildings and intelligent community construction, and the emergence of high-tech electronic products and all-digital network products have greatly promoted the vigorous development of the technical protection product market. It is an indisputable fact that China is developing into the world's largest security product market. The gradual formation of the 'World Factory' has made China's security industry a new growth point for the national economy and an emerging sunrise industry. The security industry has gradually become a very important new force in China’s economic construction.
With the development of the national economy and the acceleration of the process of economic globalization, the security industry in China has developed rapidly. With the continuous advancement of science and technology, the field of the security industry continues to expand. Specialized services such as alarm operations, mediation, and information services started to take off; product categories continued to grow and developed into more than a dozen major categories such as video surveillance, entrance and exit control, intrusion alarms, and explosion-proof security inspections, and thousands of varieties; closed circuit monitoring developed rapidly and grew year by year. The rate has reached about 30%; the coastal areas have developed rapidly, forming three major security industry clusters centered on the Pearl River Delta, the Yangtze River Delta, and the Beijing-Tianjin region.
The two major events of the World Expo and the Asian Games prompted the rapid expansion of the demand in China's security market. The construction of the security system has been expanded from the state's early critical departments to today's public places, large-scale construction, finance, transportation, and communities. The market has great potential. China's security market has become the world's second largest security market following the United States.
How big is China's security and alarm service market?
Security alarm service is a huge market. It has the characteristics of stable market, great potential and rapid growth. In recent years, due to the unremitting publicity and promotion of the vast number of security and alarm service companies, security alarm services have gradually been accepted by more and more people. 'Spend money and buy peace' has become a kind of consumption, and it has also become an industry.
Currently, there are 10 million ADT users in the United States, including 6 million home users and 4 million business users. The annual turnover exceeds US$11.5 billion; Japan's SECOM (Sycomam) has more than 130 online alarm users in Japan. Ten thousand households, including two-thirds of commercial users, one-third of household users, and annual sales of more than five billion US dollars. It can be seen that the security alarm service industry has a huge market.
In the past, we did not pay much attention to the security and alarm service market. In fact, after the cultivation and development in recent years, China's security and alarm service has formed a huge market. With the rapid development of the national economy and the constant growth and accumulation of people’s wealth, enjoying “safety services†has become a possibility, and it has even become a necessity.
As we all know, China is a populous country with more than 1.3 billion people. Therefore, in any area, as long as people's spending power reaches the 'consumer level', this area will present a 'blowout' in the market, such as household appliances, mobile phones, etc. Security alarm service is no exception.
International experience shows that when a country's per capita GDP enters a period of US$1,000 to US$3,000, the society will enter into a period of significant contradictions. Affected by this, the growth in demand for security services will also accelerate; the per capita GDP will enter the period from US$3,000 to US$10,000, and security services Demand began to enter a period of stable growth. During this period, the market scale will continue to grow at a relatively fast pace because the alarm service has been accepted by more and more people; when the per capita GDP exceeds 10,000 US dollars, the market begins to enter a stable period and growth The speed will gradually slow down. If an enterprise wants to obtain new customer growth points, it may need to expand to other countries and regions.
With the third quarter GDP year-on-year growth rate will slow from 9.5% in the second quarter to 9%, according to industry analysts, a county can generally develop 1000-3000 anti-theft alarm users, China's security alarm service market is evident.
In short, with the continuous growth of the security industry, not only the anti-theft industry market is considerable, video surveillance, building intercom and other security industries have received more and more attention. The domestic security market will enter a steady growth process. The gradual entry of security products into the home and security service industry will play an important role in expanding the scale of China's security market.