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CCTV Video Surveillance sector is the star performer in the European Security Systems marketSeptember 2009

 

The latest publication from BSRIA in their extensive series of studies "Intelligent Controls in Buildings" is their updated report "Security Systems - The European Market 2008 to 2013". This shows that the Western Europe Security Systems market, comprising access control, CCTV/video surveillance and intruder alarm systems, achieved relatively low compound growth (CAGR) of 3.6% in the last two years. This is, nevertheless, an improved performance compared with the CAGR of 3.2% in the period 2001 and 2006.

However, this overall apparent mediocre achievement masks considerably different performance between the markets of intruder alarms (CAGR 1.0%), access controls (CAGR 4.0%) and the star performer, CCTV/video surveillance (CAGR 7.5%) since 2006. The large intruder alarms market continues its decline at some 1.0% per annum and the access controls market, impacted by the rapid fall in new construction and major refurbishment, slowed by some 2% per annum from the growth rates achieved in the first half of the decade of the new millennium. It was the CCTV/video surveillance industry that bucked the trend and put in a performance 0.3% per annum above the rate recorded in the previous period analysed by BSRIA. So what is driving this growth?

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