Shipment value of the Chinese security industry is forecast to grow at 18.9% in 2016. Video surveillance is serving as a major pillar with a market share of over 30% and has been growing at a whopping 20% over the years.

Meanwhile, China's adoption of home security systems is relatively low and, as the market is still at the nascent stage of development, the market share was 4% in 2014, equivalent to USD17 billion.

MIC also found that the global home security market is shifting from traditional security to interactive security services with remote monitoring and controlling capabilities, including China.