The UK CCTV market has been growing, according to a market report.
According to Closed Circuit Television, a new ‘Market Update’ from the business intelligence company Key Note
The market researchers suggest that growth was driven by economic recovery and increased business confidence which has been fuelling demand for updated equipment and parts.
New construction activity and business investment levels are strong indicators of demand for CCTV systems, as it provides major opportunities for CCTV businesses. Government figures show that construction output in the UK increased by 1.6pc in 2013, while business investment in the UK decreased by 1pc in the same year.
The market research firm also points out that last year, the Care Quality Commission (CQC) announced measures to reduce the abuse and neglect in British care homes by allowing the installation of hidden CCTV cameras. A leading care home provider, HC-One, became the first care home in the UK to install CCTV cameras in its care facilities. It is highly likely that CCTV in care homes will become more common in coming years, the researchers suggest.
Key Note forecasts the UK CCTV market will increase further in 2014, by 3.8 per cent. The report goes into segments of CCTV such as monitors, telemetry and recorders; and video analytics.
About the report
Key Note’s 2014 Market Report, Closed-Circuit Television priced £575 analyses the UK CCTV market.
Pictured: Public space CCTV on the front at the north Norfolk coastal resort of Hunstanton.
