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News

UK Market For CCTV Scrutinised In 2010 Report

Research And Markets : 08 December, 2010  (New Product)
Research and Markets has made a research report available on the Closed-Circuit Television Market in the UK for 2010
Research and Markets has announced the addition of the 'Closed-Circuit Television Market Report 2010' report to their offering.

This Market Report examines the UK market for closed-circuit television (CCTV), which has experienced a downturn since 2008 owing to the recession. The authors estimate that the value of the CCTV market including installation and maintenance, as well as equipment, but excluding the cost of monitoring, fell by 16.5% between 2009 and 2010, to 409m at end-user prices.

Since the second half of 2008, the CCTV market has been affected simultaneously by the crisis in the banking and finance sector, the economic recession and the demise of many retailers. This has had a direct impact on the CCTV market as sales from both the banking and retail sector help drive the industry.

However, the UK remains a strong market for CCTV, with great potential for further growth if and when the economy stabilises. Currently, the CCTV market is dominated by analogue systems, although this offers potential growth for upgrades to better technological systems, such as Internet Protocol (IP). Equipment that can integrate old analogue systems with the latest digital technology is also becoming increasingly popular within the CCTV market.

Threats of terrorism, crime and anti-social behaviour are key drivers in the CCTV market, with surveillance becoming essential in public places. Furthermore, CCTV is used to ensure the safety of the public; for example, by monitoring access to hazardous areas. CCTV is also used for a variety of other reasons, with many systems now specifically designed to fit each user's specific needs.

The authors forecast that the CCTV market will rise in value by 3.9% to 425m in 2011, followed by consistent growth to 2015. This growth is predicted as businesses become more financially secure, the construction industry has some growth and London prepares for the Olympics 2012, which will be a key driver in the CCTV industry over the next 2 years.
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