Published on : Jun 27, 2017
Albany, New York, June 27, 2017: With the increase in crime, security plays a vital role. Proper security services along with modern equipment have provided some relief to people. A globally increased level of safety and security concerns and an increased perception of risk drive this market. At present, the U.K. security equipment market is highly competitive, with large sectors effectively commoditised. By looking to the growing market competition, the latest analysis titled “U.K. Security Equipment, Access Control and CCTV- May 2017” has been released and recently published to the online repository of Market Research Hub (MRH). This study primarily covers the U.K. market for security equipment. Product areas analyzed include intruder alarm systems, CCTV, integrated systems, central alarms and access control.
Surveillance and security equipment is used for monitoring activities and behavior of individuals in areas such as airports, seaports, railway stations, enterprises, educational institutions, retail stores, and banks that are susceptible to security threats. The forecast study highlights the anticipated development of the total UK security equipment, access control and CCTV market over a five year period and provides a breakdown by type of system and by end use. As per the report key findings, the market is expected to maintain stable growth in each of the given market sectors.
The study starts by presenting detailed market overview covering vital factors and opportunities available for the leading market players. Growing crime rates in U.K. and need to ensure safety and security of common man and public infrastructure make government sector a major consumer of CCTVs. CCTVs systems are increasingly being deployed in military applications as a security enhancement to track the movements of vehicles, inventory and army personnel. Owing to this, The CCTV continues to dominate the market, driving overall growth. Also, the sales sector saw its share of the total market grow over the past year.
Currently, the U.K. market insights displays following market factors and trends which are changing the market status, such as
- Facial recognition
- Growth of body-worn cameras
- Reduced government spending on CCTV
- Heightened integration
- Technological innovations
- The surge of high definition
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Moreover, business investment levels continue to grow, driving growth across the market. Construction has grown, though this could be threatened by Brexit over the past year. This makes the market highly competitive and it has given rise to competitive pricing structures and encouraged groups to distinguish themselves from competitors by offering new and innovative security solutions. The U.K. security market is substantially more mature than other international markets, and many of the world’s foremost players are present there. Companies profiled in the study are ABI Gardiner, G4S Technology, Hanwha Techwin, Chubb System, Assa Abloy, ADT Fire & Security, Schneider Electric, Secom, Tunstall Group and Honeywell. Besides, analysis of the changes in the structure of security equipment industry, analysis of the financial structure and employment structure in the year 2015 and 2016 is also given.
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