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 Locations Chapter

    The South EastThe South East accounts for 18.6% of industry establishments. Operators are drawn to the South East owing to the region’s high population density and relatively high proportion of wealthy consumers. The South East has the second highest income per capita (£21,808) after London (£25,293). House prices are high in the South East compared with other regions in the United Kingdom, thus people are more likely to purchase advanced residential security systems to protect their homes. The South East also accommodates a substantial amount of warehousing and transport infrastructure. The South East home to several major players, including ADT Fire & Security and G4S Secure Solutions.LondonLondon accommodates 15.9% o...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..

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    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?

    The Security System Services market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    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.

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