CCTV sales in the UK is anticipated to grow at a CAGR of around 14.5% during 2010 – 2013, RNCOS acknowledged.
The CCTV/video surveillance market has been witnessing exponential growth for the past few years on the back of rising concerns for security and safety across the globe. The UK is one of the world’s topmost destinations in terms of development and maturity of CCTV market. As far as the number of cameras installed is concerned, the UK represents the most mature market in the world. With the government endorsement of public-area video surveillance, and emergence of other growth areas like, home security and wireless transmission of CCTV, the research report “Global CCTV Market Analysis (2008-2012, anticipates that the country’s CCTV sales will grow at a CAGR of around 14.5% during 2010 – 2013.
As per the RNCOS study, the UK market is predicted to witness sustainable growth (in terms of both value and volume) for the design, supply, installation, and maintenance of CCTV systems. The need to update legacy systems, new construction, and public security will drive this growth. Therefore, it is anticipated that digital systems and Internet Protocol (IP) cameras will dominate the market by 2013. A plethora of opportunities has emerged with the advancement of technology. We have analyzed the UK CCTV market in our research report along with the information on key players and other details about the country’s CCTV market.
The research also reveals that currently, the analogue CCTV market dominates the global CCTV market, but the scenario will change by the end of 2013. In future, network IP technology will emerge as the leading CCTV technology. Various factors that will drive the IP technology market in coming times have also been covered in the report. It also details the potential growth areas for the CCTV market along with the major roadblocks.