Revenue secured: Public concern over terrorism and crime support industry growth

Operators in the Security System Services industry install, maintain and monitor security and fire alarms and surveillance equipment. Demand for security services tends to be relatively safeguarded from economic volatility due to the essential nature of security. Over the past five years, public concern over terrorism and crime have grown, supporting demand for industry services. To ease the public's concern regarding security and improve efficiency, government authorities have been outsourcing security services to specialist contractors. Additionally, consumers have sought industry products to lower insurance premiums. Consequently, over the five years through 2018-19, revenue is forecast to rise at a compound annual rate of 11.8%, reaching £1.4 billion...read more.

Industry Statistics & Market Size
Revenue
£1.4bn
Annual Growth 14-19
11.8%
Forecast Growth 19-24
Profit
Employment
10,183
Businesses
2,203

Industry Threats & Opportunities

  • Public concern over terrorism has encouraged the government to spend on national security
  • Businesses have chosen to upgrade their security alarm systems to monitored alarms amid soaring crime rates
  • Larger operators are expected to consolidate in order to benefit from scale economies
  • Industry Report - Industry Investment Chapter

    The level of capital intensity is determined by comparing the human and capital equipment factors of production, using wages and depreciation costs as proxies. Comparatively high depreciation costs indicate substantial investment in depreciable assets including establishments and equipment, resulting in high capital intensity. Conversely, comparatively high wage costs indicate high labour intensity. IBISWorld estimates that operators in the Security System Services industry spend £4.26 on labour for every £1.00 they invest in capital. This indicates that the industry is estimated to have a moderate level of capital intensity...purchase to read more.

    Additional Insights for the Security System Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Security System Services Industry are

  • Must comply with government regulations
  • Having a good technical knowledge of the product
  • Ability to compete on tender
  • IBISWorld analysts also discuss how external factors such as Total recorded crime and Demand from commercial building construction in the Security System Services industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What's in this report

    What is the Security System Services Industry?

    Operators in this industry install, repair, maintain and monitor electronic security alarm systems, mechanical or electronic locking devices, safes and security vaults. The industry excludes the installation of security systems without later monitoring.

    Industry Products
  • Monitoring security system services
  • Monitoring fire alarm system services
  • Installing security and fire alarm systems
  • Other services
  • Industry Activities
  • Monitoring electronic security alarm systems
  • Installing and maintaining electronic security alarm systems
  • Installing and maintaining mechanical or electronic locking devices, safes and security vaults
  • Selling security systems, mechanical or electronic locking devices, safes and security vaults with monitoring
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Total recorded crime
  • Demand from commercial building construction
  • Demand from residential building construction
  • Real household disposable income
  • Mortgage rate

  • Current Performance
  • National security
  • Downstream demand
  • Reputation
  • Chart: Revenue Growth

  • Industry Outlook
  • EU uncertainties and employment
  • Housebuilding market
  • Safety concerns
  • Table: Security System Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Security System Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Commercial Building Construction
  • Residential Building Construction
  • Consumers

  • Key Selling Industries
  • Electricians
  • Electronic & Telecommunications Equipment Wholesaling
  • Technical & Vocational Education

  • Products & Services
  • Monitoring security system services
  • Monitoring fire alarm system services
  • Installing security and fire alarm systems
  • Other services
  • Chart: Security System Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Commercial and industrial
  • Government
  • Residential
  • Chart: Major Market Segmentation for the Security System Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesProfessional servicesSubcontractor paymentsDepreciationOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Security System Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Security System Services Industry

  • Industry Globalization
    ADT Fire & Security plc, Securitas Security Services (UK) Ltd, G4S Secure Solutions (UK) Limited, MITIE Security Limited,
  • Table: ADT Fire & Security plc - financial performance
  • Table: Securitas Security Services (UK) Ltd - financial performance
  • Table: G4S Secure Solutions (UK) Limited - financial performance
  • Table: MITIE Security Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Security System Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Security System Services Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Closed-Circuit Television (Cctv)
  • A way of using fixed cameras to monitor people, animals, infrastructure, buildings, traffic flow and industrial processes from a central control room.
  • Public Space Surveillance (Pss)
  • The monitoring of public space using CCTV.
  • Security Industry Authority (Sia)
  • The organisation responsible for regulating the private security industry in the United Kingdom.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Security System Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Security System Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Security System Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Security System Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Would you like to speak to an IBISWorld representative?

    clear