New CCTV rules launched by the UK government will not slow market growth for video surveillance equipment, according to a new report by IHS.
The World Market for CCTV and Video Surveillance Equipment report said it still expects the CCTV market to grow between 2013 and 2017, driven by higher demand for new installations and newer systems replacing older ones.
Josh Woodhouse, surveillance market analyst for IHS, said: "The new systems will offer improved image quality through such features as high-definition compliance, wide dynamic range, and day/night functionality.
"Surveillance systems in public areas are estimated to account for only a small percentage of the U.K.'s cameras, with the vast majority installed on private property," he said.
The report also found that the UK is now the world's fourth-largest regional market for CCTV equipment, behind China, the US and Japan.
The new code of practice advises users on best practices, but compliance is only voluntary and no enforcement or penalties will be imposed for breaking the code.
"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," added Woodhouse.