A new report published by market intelligence provider Key Note predicts that future growth of the CCTV industry will be driven by integrated systems designed to be used over IT networks.
The report entitled 'Closed Circuit TV' says that after experiencing a difficult year in 2001, the UK market for CCTV systems grew by 2.7% in 2002 to a value of £375m at end user prices. Sales have been maintained at or above these levels in the first two months of 2003 but the economic forecast for the rest of the year is uncertain.

Key Note predicts that between 2003 and 2007 the CCTV market will continue to move from analogue to digital systems. There will be a significant increase in the use of Internet Protocol (IP) enabled equipment and networked CCTV. This will encourage the integration of security systems because use of the common protocol allows equipment from different manufacturers to be interconnected more easily.

Simon Taylor from Key Note, said: "The growing use of IT networks in CCTV systems is changing the types of skills needed by installers. It is also bringing IT companies into the industry. These trends will continue. There will be a gradual convergence between security systems and IT systems."

Key Note forecasts some overall growth in the value of the UK CCTV market at end-user prices in 2003 and 2004 followed by a gradual reduction in sales.

The report predicts the market is likely to settle down at a more mature level in the latter part of the decade with a growing proportion of contracts for system upgrades and extensions, particularly CCTV systems moving over to become internet-based and integrated with IT systems.

There will continue to be opportunities for technological improvements, and these considerations will also help to support trusted brands of equipment.

In addition to these developments, Key Note predicts that non-security applications of CCTV, such as industrial monitoring, traffic control and safety measures will also continue to offer prospects.

Source

Security Installer