Security is still a safe bet for suppliers
The market for electronic security and access control systems in the UK continues to perform well even in the difficult economic climate, says a report by analyst Research and Markets.
A big driver has been the growth of the CCTV and access control sectors, while the maturity of the intruder alarm sector with high levels of penetration has limited the development of this sector.
According to the “Electronic Security and Access Control Market – UK 2009-2013″ report, the market has experienced moderate growth over the last two years reaching just under 1.4bn in 2008.
“Both domestic and commercial demand for electronic security products has been driven by concerns regarding both real and perceived criminal activity,” said the report.
Preparations for the London Olympics in 2012 have also been a factor in the last few years.