Research and Markets has announced the addition of the "Closed-Circuit Television Update Market Report 2012" report to their offering.
This Key Note Market Report Update analyses the recent changes in the UK closed-circuit television (CCTV) market, covering equipment, installation and maintenance, but excluding the cost of monitoring. Owing to the slight recovery in the economy and an increase i...
Research and Markets has announced the addition of the "Closed-Circuit Television Update Market Report 2012" report to their offering.
This Key Note Market Report Update analyses the recent changes in the UK closed-circuit television (CCTV) market, covering equipment, installation and maintenance, but excluding the cost of monitoring. Owing to the slight recovery in the economy and an increase in output within the construction industry, Key Note estimates that the CCTV market will increase by 2.2 percent in 2011, compared to the previous year, reaching a value of 418 million at end-user prices.
The CCTV market has been severely impacted by the recession in recent years, with many businesses belonging to the commercial sector filing for insolvency, while others have withheld investment into refurbishment or improvement, thus reducing the need for CCTV installations. However, recently, construction output has risen, providing an increased demand for CCTV products.
Prospects for further demand in the CCTV market are promising. Analogue CCTV systems are still widely used in the UK, however, with the ability to convert analogue signals into digital, newer systems can be installed relatively easily. There is also huge potential to upgrade CCTV systems to incorporate Internet Protocol (IP) technology and wireless cameras.
The continued threat of terrorism and the constant concern of criminal activity and anti-social behavior mean that surveillance is essential for the authorities and the majority of businesses based in the UK. CCTV can also contribute to public safety by acting as a deterrent on public transport and by monitoring access to hazardous and dangerous areas. The integration of technology is another key factor for a number of businesses, providing greater security and reducing the margin of error for fire and burglar alarms.