The future of the security industry

The development of the security industry has matured so far and it has gradually been integrated into the civilian market. After entering 2014, apart from the market demand for traditional applications, the share of market share has risen significantly in the civilian security market.

Security taps cut into civilian security, and many manufacturers are entering and mimicking them one after another to trigger industry reshuffle. Survival of the fittest, big fish eat small fish has always been the principle of competition in the market. Of course, the security industry will become polarized in the future and the time period will not be long. Manufacturers engaged in analog cameras may have a wave of closures. To transform, we must consider various conditions, such as technology maturity, cost control, channel sales, and the strength of competitors.

For small manufacturers, from the perspective of capital, they do not have effective competitiveness and their cost advantage is weak. Big companies can bring down the price when the cost control is large, and their brand awareness increases their prices in terms of selling prices. If the small manufacturers are under heavy resistance, there may be vicious competition between the small manufacturers. Competition will be eliminated if the transition is unsuccessful.

Benefiting from the steady demand arising from government public safety projects such as “Smart City” and “Safe City”, as well as increased safety awareness, the development of the blowout market in the civilian market will accelerate the rapid development of the entire market.