Breaking Down CCTV Monitoring Expenses
For businesses, protecting assets is directly linked to profitability. CCTV monitoring is a strong deterrent against crime, helps catch intruders, and prevents sabotage. But it has costs, and understanding those CCTV monitoring costs is key to making a smart security system decision. Let’s break down the expenses realistically and compare them to traditional security guard services. CCTV monitoring costs are split generally into three categories: system hardware and installation costs, ongoing monitoring, and system maintenance.
System Hardware and Installation Costs
This represents your initial investment and is the most variable component. If your business requires a 20-CCTV camera system, for instance, that might involve high-resolution IP cameras, thermal imaging, video analytics, or Ultra HD cameras. It also includes cabling to connect the security system, connectivity and power to ensure network access and operation, sensors like motion detectors, illuminators or IR beams for night vision, a CCTV server to manage footage, and an NVR/DVR recorder.
The overall system cost depends significantly on camera quality, cable run lengths, and your site’s layout. A 20-camera CCTV system could cost around £50,000, but the installation cost range can be from £500 to over £50,000 based on complexity, and Camera type. Many providers offer financing or leasing options, allowing you to spread the expense over time, so don’t be discouraged by the upfront CCTV installation cost.
Monitoring and Maintenance Costs
After installation, you need a way to monitor the system. Annual monitoring service typically costs between £4,000 and £6,000, often including remote monitoring services, which are usually more affordable than on-site guards.
Regular system maintenance is also essential, similar to servicing a vehicle. Budget approximately £2,000 annually for CCTV system maintenance to prevent larger issues.
The Cost of Physical Security Guards
Security guards patrol sites, respond to incidents, and can monitor CCTV. However, their costs add up quickly. A single guard’s annual salary can range from £25,000 to £35,000, depending on experience and employment type (in-house or agency/ Manned Guard). Some guards might be employed in-house, other businesses might opt for contracting an outside firm.
Consider these calculations:
- 12-hour coverage: A guard working 12 hours daily could cost £51,840 to £64,800 annually.
- 24-hour coverage: This requires multiple guards and could easily exceed £129,600 per year.
Comparing CCTV Monitoring and Physical Security Guard Costs
The initial investment in a CCTV system can be significant, but ongoing monitoring costs are substantially lower than employing guards. For a CCTV system installed, the first year might cost approximately £56,000, including installation, while subsequent years could be £6,000 to £8,000 for monitoring and maintenance. In contrast, employing just one security guard could cost £51,840 to over £129,600 per year, and that cost repeats annually. Businesses could potentially save up to £123,000 annually by choosing CCTV monitoring. Comparing these costs is a must, when considering budgets.
Choosing the Right Solution
The best option depends on your needs. High-risk areas might need both CCTV and guards. Your budget plays a role, with CCTV security offering long-term savings. Large, complex sites may require a combined approach. All of these are items to consider and will be based on the type of security measures you are looking to learn more about.
