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 SWOT Analysis Chapter
The Security Services industry is in the mature phase of its life cycle. IBISWorld estimates that the industry's contribution to the overall economy, measured by industry value added (IVA), is expected to increase at an average annual rate of 2.7% in the 10 years to 2019. Comparably, GDP is expected to grow an annualized 2.5% during this period. IVA growth rates in-line or below overall economic growth is indicative of a mature industry.
In addition, a recessionary decline in demand for security services and increasing competition form external industries that provide similar services, constrained Security Services industry profit margins during the past five years... purchase to read more