The report says that extra spending on hospitals, prisons and the London Olympics will help to push growth for the next three years.
But the document, which highlights major market trends, warns that price wars and cheap imports are eroding value- despite the growth in demand.
Published by AMA Research, the report says that CCTV currently accounts for around 50% of the UK’s total electronic security market. It claims that while the CCTV market is expected to grow, its success remains threatened by a ‘highly fragmented’ supply chain.
In line with other forecasts this year, the report says the gradual switch to networked CCTV solutions will continue to support modest growth.
The construction of new flats across the country will lead to a surge in demand for domestic access control products, AMA say.
In 2006, the electronic security market was worth an estimated GB pound 1.3 billion.
