IP-Surveillance market in UK, estimated to grow at 32-38% annually

MCOS: UK. IP Surveillance is a fast moving market and immensely suitable for networking resellers seeking to optimize their skills and obtain gainful revenue. It is a good opportunity and place for resellers to develop their business.The IP Surveillance market has a compound annual growth of nearly 35%. This provides an attractive business scope for both IT and CCTV security channels. It is further found that there was an expense of 1.2 billion pounds relating to crimes in 2003-04, a further 950 million pounds was spent for preventive measures. There were 30 to 40 percent of losses by theft, which were borne primarily by customers and staff; but with the surveillance methods these losses came down to 12%.There has been an increase in revenues generated in the UK IP Surveillance equipment market of $2.5 billion in 2003, which is expected to reach $3.65 billion by 2010. This increase has been due to a shift in use of IP based security, replacing camera based digital security. The majors in the IP surveillance industry account for 53 percent of the market share. As smaller companies try to catch up, there would be increased competition and the industry would witness widespread consolidation. UK CCTV Market-An Outlook (2005-2009 Publ 20051205