Industry Analysis & Industry Trends
While the recession caused businesses to reduce security budgets, revenue will recover over the next five years. Revived disposable incomes will encourage investment in low-cost monitored security systems and Security Alarm Services industry players will increasingly take advantage of new technology, including biometrics and remote access. Also, improved corporate profit will allow companies to invest in more security systems. Furthermore, heightened government-mandated fire and security regulations will positively affect growth... purchase to read more
Industry Report - Starting a New Business Chapter
The Security Alarm Services industry generally has a low level of concentration, which indicates that there are few barriers to entry. However, large players are likely to secure high-value office or commercial security alarm contracts based on established reputation and the ability to provide services on a regional or national basis.
New entrants are also likely to be discouraged by this industry's low average profit rate, which are expected to comprise 3.5% of revenue in 2016. In addition, this industry is in the mature phase of its life cycle, evidenced by an increasing level of mergers and acquisitions that have occurred in the past few years. During the past five years, competition in this industry has largely been driven by price... purchase to read more