End-users in the UK plan to spend more on security systems over the next 12 months, according to a survey by Frost & Sullivan in advance of IFSEC, the world’s largest annual security event.
The survey of 335 end-users shows they are reporting a 3pc increase in budgets for video surveillance systems whilst budgets for access control and security systems integration will rise by around 2pc over the next 12 months.
Channel players tend to have a more optimistic view on budgets, expecting an 8pc increase in end-user video surveillance budgets and healthy growth in security system integration and access control.
A positive outlook for the security industry is also supported by channel forecasts of their own revenue generation in 2011. On average the channel expects UK industry revenues to increase by 4pc in 2011 with distributors (6pc) and system integrators (5pc) anticipating the highest revenue growth. Global growth expectations are higher with respondents on average planning for a 7pc growth in revenues.
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