Despite the new code, IHS believes that it will have a limited impact on the growth of the UK market for video surveillance equipment.
"Surveillance systems in public areas are estimated to account for only a small percentage of the UK’s cameras, with the vast majority installed on private property," said Josh Woodhouse, surveillance market analyst for IHS. "Furthermore, the code of practice should entail little worry even for those equipment suppliers and installers working in public places. This is because they are already used to complying with far more stringent surveillance legislation in other countries."
Despite enduring a tough time in the current economic climate, IHS forecasts that the UK market for video surveillance equipment will grow between 2013 and 2017. Some of this growth will be for new installations, but much of it will come from new systems replacing of existing ones that are aging.
"The new systems will offer improved image quality through such features as high-definition compliance, wide dynamic range and day/night functionality," Woodhouse added. "And in spite of the large number of systems already installed in the U.K., vendors should not ignore the opportunity this regional market continues to present."