The Security Industry Association (SIA) today released its China Olympic Security Update, a comprehensive analysis of China’s investment in security products and services for the 2008 Olympic Games in Beijing.
Created in collaboration with SINOTRUST, SIA’s Olympic Update examines the myriad security challenges and the technologies being deployed to safeguard both Beijing and the many Olympic venues. “This report underscores that the Olympic Games not only showcase world-class athletes, they showcase world-class security technologies and services from our industry,” says Richard Chace, executive director and CEO, The Security Industry Association. “People across the globe will be wondering how one of the world’s premier events will deal with security threats and issues. SIA’s China Olympic Security Update goes a long way toward answering those questions.” The Olympic Update is a companion piece to SIA’s China Security Market Report, the definitive analysis of China’s electronic security market.
This ground-breaking report provides an in-depth analysis of the social and economic factors driving demand; the size and growth of the Chinese security industry, including a forecast through 2010; and the size and growth of 11 vertical markets. In December 2007, SIA will release an additional update on the 2010 World Expo in Shanghai.
Olympic Update highlights include: Total investment for the Beijing Olympic is 280 billion RMB (US $36.3 billion). Investors include the central government, local governments of host cities, Beijing Organizing Committee for the Games of the 29th Olympiad and social groups. Based on the security investment for the Athens and Sydney Olympic Games, Beijing expects to invest 2,316 million RMB (US $300 million) for the security of the Olympic venues. In terms of purchasing power parity, it’s equivalent to U.S. $720 million. State of the art RFID technology, used in many of the SP systems for the Games, will be integrated with building intelligence systems for seamless interoperability. Signals from security devices, such as electronic ticketing systems, will be transmitted to monitoring centers where ticket-holders whereabouts are tracked. Meanwhile, extensive video monitoring systems will be relied upon heavily to capture and record any breach in security. According to data from the Beijing Municipal Public Security Bureau, the Olympic Security Protection investment totals 2,316-3,088 million RMB (US $300-400 million), covering the cost of personnel protection, physical protection, and technical protection. The five major security systems are the video monitoring system, the burglar-alarm system, the access control system, the electronic ticketing system, and the security detection system, totaling an investment of about 889 million RMB (US $115 million). Investment in video monitoring systems is 220 million RMB (US $28.5 million). The video monitoring systems ranked first, accounting for 33% of the total. The reason for this is that a large number of spy/CCTV cameras are installed in and around the venues. Olympic sponsors that provide security protection products include GE, Honeywell, Panasonic, Pelco, and Siemens. Between 2001 and 2008, the security investment in the Grand Beijing Safeguard Sphere is estimated at 50 billion RMB (US $6.5 billion), predominantly for construction of the Beijing video monitoring system. Chief investors are social forces and organizations, such as financial organizations, universities, large-scale shopping malls, hotels, internal enterprises, and residential communities.
The Security Industry Association (SIA) is a nonprofit international trade association representing electronic and physical security product manufacturers, integrators, specifiers, and service providers. SIA advocates for and supports the industry by providing education, research, technical standards and representation and defense of its members’ interests. SIA is sole sponsor of the International Security Conference and Exhibitions (ISC EXPOs). Learn more at www.siaonline.org .
