DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/sxkbfq/closedcircuit) has announced the addition of the "Closed-Circuit Television Market Update 2014" report to their offering.
This market update analyses the market for closed-circuit television (CCTV) in the UK. CCTV concerns the use of video cameras to transmit a signal to a single central location in order to allow for the monitoring and recording of moving pictures, as well as video analysis. CCTV is classified as part of the electronic security market due to its prevailing use in the security sector.
New construction activity is a strong indicator of demand for CCTV systems as it provides major opportunities for CCTV businesses. Total construction output in Britain increased by 1.6% in 2013, after the industry contracted briefly in the previous 12 months. Private-sector industrial output and other public-sector output were the only sectors to decline in 2013, despite the declines experienced across the industry the previous year. Between 2009 and 2013, construction output in Britain increased by 3.5%.
The UK CCTV market plummeted by 16.5% in 2010 as a result of the UK's deteriorating economic conditions, a slowdown in construction output, and limited finances for business investment. However, the market bounced back in 2011 and grew further in 2012 and 2013. Growth was driven by economic recovery and increased business confidence, thus fuelling demand for updated equipment and parts, such as Internet Protocol (IP) CCTV systems.
Key Topics Covered:
THE TOTAL MARKET
DETAILED MARKET TRENDS
For more information visit http://www.researchandmarkets.com/research/sxkbfq/closedcircuit
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Source: Research and Markets