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UK CCTV Market Development Report Press Release: UK CCTV Market Development Report

 

Released: January 2011

After researching the UK CCTV market development and taking into account various other factors the following conclusions can be drawn from this MBD publication:

Market Review 2006-2010:

In 2010, the value of the CCTV market is believed to have increased by an estimated 3% to a peak of £1214 million, consolidating marginal growth recorded in the previous year. Prior to that, slightly stronger growth of 5% and 4% was recorded in 2006 and 2007 respectively, which was followed by a modest increase of 2% in 2008. The more moderate development in the second half of the review period is a result of the economic downturn, tighter credit availability, lower levels of business investment and reduced construction output, in particular in the private commercial sector. The value of the market increased by an estimated 10% in nominal terms between 2006 and 2010. Overall growth in the market has been driven by the switch from analogue to digital CCTV and networked video solution, as well as by upgrades and extensions to existing systems. Other sectors that have also shown strong growth potential include mobile CCTV systems, automatic number plate recognition systems and algorithmic systems.

 

Market Forecast 2011-2015:

The value of the UK CCTV systems market (including sales and rental income) is anticipated to increase throughout the five year forecast period up to 2015, with annual growth levels expected to fluctuate between a marginal level and a moderate 2% in real terms. Overall, the value of the market is expected to increase by a cumulative 8% in real terms between 2010 and 2015. In the short-term, the CCTV market is anticipated to benefit from increased demand for public security generated by the London 2012 Olympics. However, overall, demand in the public sector is likely to be dampened by public spending cuts over the next five years.

 

Note to Editors:

MBD specialises in business to business market research. The range of reports and industries in which we operate in is constantly expanding (our portfolio comprises of more that 140 titles). All our reports are written by in-house market consultants.

Click here for full details of the UK CCTV Market Research Report

 

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