CCTV Surveillance and Video Security market to display significant resilience to Brexit-related volatility

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The CCTV surveillance and video security markets are not likely to be significantly affected on the short term by the UK’s decision to exit the European Union, but future prospects might be affected by the overall state of the economy and construction industry, a recent report from IHS Markit has been able to suggest.

The short-term the market outlook for 2016 and 2017 should be relatively unaffected, the UK has yet to activate Article 50, which instigates the formal procedure to leave the EU. However, since financial institutions have already been negatively affected by the post-Brexit turmoil, some of them are already taking steps to limit damage to profits by curbing expenditure; this has resulted in some facilities switching to a “fix-before-replace” approach to security equipment maintenance.

The CCTV surveillance and video security equipment market should be one of the most resilient to this type of market volatility. IHS Markit estimates of market share indicate that less than 5 percent of the European market is supplied by UK-headquartered video surveillance vendors.

Furthermore, intruder alarm remote-monitoring revenues are also projected to react slowly to the shakeup. Their long-term contracts lock in revenues and generally protect service providers from short-term swings in demand.

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The CCTV software enables “live” footage to be viewed remotely from any or all connected CCTV cameras as events happen and without degradation of video quality, allowing you to monitor your premises when offsite.

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