According to Closed Circuit Television, a new Market Update from business intelligence provider Key Note, the UK closed-circuit television (CCTV) market grew in value by 3.1% in 2012 and 5.8% in 2013. Key Note anticipates 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 1.6% in 2013, while business investment in the UK decreased by 1% in the same year.
Last year, the Care Quality Commission (CQC) announced radical measures to reduce the recurrence of 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.
Key Note forecasts the UK CCTV market will increase further in 2014, by 3.8%.