The leading players who are well aware of this have changed from fighting alone to participating in the upstream and downstream of the industrial chain, achieving mutual benefit and win-win results. The market structure has gradually changed from sporadic competition to joint efforts.
In the eight years since the smart community was established, although the light of intelligence has not spread like wildfire across thousands of communities across the country, industry participants have never stopped reviewing and reflecting, taking steps, letting go of their frame, trying new paths, and learning from new ways of playing.
Ultimately, we don’t know whether the Xicom model can be successfully replicated in China and a giant can be created again. What we do know is that the market is large enough and the space is broad enough.
According to statistics from Zhiyan Consulting, the market size of domestic smart communities reached 392 billion yuan in 2018, with smart homes and video surveillance equipment accounting for 23.5% and 11.2% respectively. The agency predicts that with the promotion of 5G communication technology, the development of smart communities is expected to reach a higher level, and is expected to exceed 500 billion yuan by 2020.
Perhaps this dish will be more powerful and delicious if eaten together.
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