London, United Kingdom (PRWEB) June 21, 2012
The Security System Services industry provides the installation, maintenance and monitoring of alarm, fire and surveillance equipment. The industry is subject to fluctuations in demand due to trends in the housing and non-residential building markets. According to IBISWorld industry analyst Anthony Kelly, “the industry's long term performance is also driven by advancements in security monitoring equipment technology; heightened public concern about crime, social disorder and terrorism; and the outsourcing of surveillance activities by public authorities (notably Ministry of Justice, prison monitoring services)”. The London bombing of July 2005 and the widespread riots that began in Tottenham in August 2011 stimulated investment into security systems by businesses and public authorities.
The industry is estimated to generate revenue totalling £1.14 billion in 2012-13, down by 1.7% on the previous year, and the industry's value added currently totals about £570 million or 0.04% of GDP. Kelly adds, “industry revenue is estimated to contract by an annualised 1.5% over the five years through 2012-13, influenced by the downward trend in the value of total construction (4.4% annualised), and weaker household consumption trends as the economy struggles to recover from recession”. The industry has received some impetus from the tightening of government fire code on new buildings, while rising insurance premiums are likely to have encouraged stronger investment on security systems.
Industry revenue is forecast to increase over the five years through 2017-18, rising at a faster pace than the general economy (GDP growth of 1.9%), and underpinned by improved trends in the downstream building markets. Profitability is also likely to improve as firms take advantage of the cost savings and restructuring implemented during the recent recession.
The Security System Services industry has a medium level of market share concentration, with the four largest players accounting for about 34.5% of annual industry revenue. The leading players in this industry include firms that supply a wide range of fire and security services, including surveillance and monitoring equipment and manned guard services. These companies include G4S, ADT Fire & Security, Securitas, MITIE, and UTC Fire & Security (Chubb).
For more information on the Security System Services industry, including latest industry trends, statistics, analysis and market share information, purchase the full report from IBISWorld, the nation’s largest publisher of industry research.
IBISWorld industry Report Key Topics
This industry is engaged in the installation, maintenance and monitoring of electronic security alarm systems (e.g. burglar and fire alarms), along with mechanical or electronic locking devices, safes and security vaults.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalisation & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
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