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 industry players will increasingly take advantage of new technology, including biometrics. Furthermore, heightened fire and security regulations will positively affect growth... purchase to read more
Industry Report - Industry Analysis Chapter
In 2013, slight economic recovery is expected to lead to a gradual acceleration in demand for new security systems, and a lower cancellation rate for existing services. This trend will be particularly evident in households given that unemployment will gradually decline and disposable incomes will expand during the year. Similarly, new business establishments and a lower business bankruptcy rate will lead to an increase in potential clients, causing revenue for the Security Alarm Services industry to rise 0.2% to reach $16.8 billion in 2013.
Businesses and households install systems to lower their annual insurance premium costs... purchase to read more