According to a new survey conducted by market research firm Frost & Sullivan in association with IFSEC, security spending in Europe is expected increase over the next year.
The survey, which included responses from 355 end-users and channel players, mainly in the UK, found that end-users are expecting a three percent increase in their budgets for surveillance systems and a two percent increase for access control solutions and systems integration.
People in the European security channel have an even more optimistic view about increasing security budgets, with respondents expecting an eight percent increase in the budgets of end-users for video surveillance. They also expect six percent increase in budgets for systems integration and a five percent increase for access control over the next year.
In addition, intrusion detection is expected to see a modest growth in budgets of close to one percent, according to the report. Budgets for manned guarding services, however, are expected to be reduced by around 1 percent over the next year.
Survey respondents also anticipate a strong migration to IP video solutions in Europe with 12 percent saying that they expect to install an IP/network video solution within the next 12 months. The analog market is expected to remain flat over the next two years, according to the report.
To download a summary of the report, visit www.ifsec.co.uk/frostandsullivan.