Foreign Based Companies to Capture $30 Billion of 2014-2020 China Safe City Market
Foreign companies in China
A significant number of products used in the Safe Cities projects are supplied by foreign based companies, (e.g., Cisco, IBM, Honeywell, Siemens, Toshiba, AGT). Specifically, foreign companies are the main suppliers of the high-end products and systems including state-of the-art IT, PSIM, PSAP, SaaS, EMNS, MSS and smart video cameras.
Given the $97 billion cumulative 2014-2020 China Safe City market, the foreign-based companies’ 31% market share translates to $30 billion in business opportunities over the next 7 years.
