Growth levels are now believed to have slowed as some areas of the market are reaching a "certain level of maturity, in particular the analogue systems sector, although there still exists strong growth potential within the digital sector".
Looking forward four years to 2008, the report forecasts growth each year "although growth levels are expected to remain relatively moderate".
The overall CCTV market is estimated to be worth £1108 million by 2008, representing real growth of 8 per cent on 2004.
Sales are expected to reach £538 million by 2008. But as the sector becomes more competitive, the importance of equipment sales in the overall CCTV market is expected to decline slightly from 33 per cent of the market in 2004 to 32 per cent in 2008.
The number of CCTV maintenance contracts taken out by end users is expected to continue to increase reaching an estimated value of £213 million by 2008.
The access control market has increased year on year throughout the past four years and last year's 1 per cent growth took it to £520 million.
NSI approved access control installations have increased significantly over the past four years and now number 3,956 – a significant 83 per cent growth compared to 1999.
Access control is predicted to demonstrate a "moderate" growth of 7 per cent between now and 2008.
Breaking down the access control market,: on-line systems are expected to show a strong growth of 14 per cent up to 2008; audio/video equipment sales and rental income is also predicted to grow year on year, but stand-alone systems are expected to continue a decline in importance.
Source
Security Installer
Postscript
The UK CCTV Market Development Report and UK Access Control Market Develop-ment Report available from MBD, each priced £550. (Tel 0161 247 8600 or email enquiries@mbdltduk.co.uk)
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