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 - Industry SWOT Analysis Chapter
The Security Alarm Services industry is in the mature phase of its life cycle. There is wholehearted market acceptance for security systems given their impact on safety and the financial incentive of preventing theft and lowering insurance costs. However, new services, such as technologies that allow customers to monitor their homes, control appliances and set room temperatures from a computer or mobile device, have bolstered industry demand and offer the potential for future revenue growth in the next five years.
Nevertheless, industry growth has largely been in line with the overall economy... purchase to read more