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The latest publication from BSRIA in their extensive series of studies "Intelligent Controls in Buildings" is their updated report "Security Systems - The European Market 2008 to 2013". This shows that the Western Europe Security Systems market, comprising access control, CCTV/video surveillance and intruder alarm systems, achieved relatively low compound growth (CAGR) of 3.6% in the last two years. This is, nevertheless, an improved performance compared with the CAGR of 3.2% in the period 2001 and 2006.
However, this overall apparent mediocre achievement masks considerably different performance between the markets of intruder alarms (CAGR 1.0%), access controls (CAGR 4.0%) and the star performer, CCTV/video surveillance (CAGR 7.5%) since 2006. The large intruder alarms market continues its decline at some 1.0% per annum and the access controls market, impacted by the rapid fall in new construction and major refurbishment, slowed by some 2% per annum from the growth rates achieved in the first half of the decade of the new millennium. It was the CCTV/video surveillance industry that bucked the trend and put in a performance 0.3% per annum above the rate recorded in the previous period analysed by BSRIA. So what is driving this growth?
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