Industry Analysis & Industry Trends
Security providers experienced flat revenue growth during the recession as companies scaled back their security spending and bankruptcies reduced the pool of potential clients. However, as the economy recovers, so will industry demand. Security providers will face competition from high-tech alternatives like CCTV and alarm systems, but large operators will adapt by providing integrated security services... purchase to read more
Industry Report - Industry Analysis Chapter
During the five years to 2014, the industry has slowly recovered from dwindling demand for industry services during the recession. Consequently, IBISWorld estimates that industry revenue has remained relatively flat in the five years to 2014, decreasing at an annualized rate of 0.2% during the period. However, the industry's gradual decline in revenue is somewhat misleading. In 2009, industry revenue fell 5.7% as a result of the tail end of the recession and has grown at an average rate of 0.6% in the four years to 2014.
Security guards are facing serious competition from high-tech security systems, which include alarm monitoring, response services and closed-circuit television systems... purchase to read more