Industry Statistics and Trends
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 3.1 % over the past five years, to reach an estimated £1.7bn in 2024.
Trends and Insights
A reduction in violent crime and burglary rates ease demand
- Crime rates are a critical factor influencing demand for security system services. As crime rates increase, businesses and homeowners seek to enhance their safety measures and deter criminal activities by making use of security system services.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Interest rate cuts promote demand from the residential and construction markets
- As inflation has edged back down to its target rate of 2%, people are anticipating that interest rates will finally be cut from 5.25%. If this were to happen, lower rates would give the housing and construction markets big boost.
Biggest companies in the Security System Services in the UK
| Company | Market Share (%)
2025 | Revenue (£m)
2025 |
|---|---|---|
ADT Fire & Security plc | 284.6 | |
Chubb Fire & Security Ltd | 207.9 | |
MITIE Security Limited | 188.3 |
To view the market share and analysis for all 5 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Monitoring security systems, Monitoring fire alarm systems and Installing security and fire alarm systems. Monitoring security systems is the largest segment of the Security System Services in the UK.
Trends and Insights
Demand for monitoring security systems fluctuates
- Security alarms are designed to detect unwanted entry and include video surveillance systems and electronic access controls. Monitoring services include remote monitoring of CCTV installations and are usually purchased to deter burglary in homes or business shops.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
Companies in this industry provide advanced safety solutions, including surveillance cameras, alarm systems and access control. They install, monitor and maintain these systems for businesses and homeowners to protect against theft, vandalism and other security threats.
What's included in this industry?
Monitoring security systemsMonitoring fire alarm systemsInstalling security and fire alarm systemsInstalling and maintaining mechanical or electronic locking devices, safes and security vaultsCompanies
ADT Fire & Security plcChubb Fire & Security LtdMITIE Security LimitedPurchase this report to view all 5 major companies in this industry.
Related Terms
CLOSED-CIRCUIT TELEVISION (CCTV)PUBLIC SPACE SURVEILLANCE (PSS)SECURITY INDUSTRY AUTHORITY (SIA)Industry Code
SIC 80.20 - Security System Services in the UK
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Falling crime rates reduce demand for security systems. As crime rates dip, businesses and homeowners feel less urgency to invest in additional security measures, although ex...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Remote monitoring services gain popularity over traditional guards. While some believe a drop in burglary rates will reduce demand, others argue the decline is due to the inc...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The South East’s wealth drives security demand. The region’s high disposable income and property values make it a lucrative market for advanced residential security services.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Europe, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Competition drives innovation. With multiple companies vying for market share, security system service providers battle to develop advanced, user-friendly systems to stand ou...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
MITIE Security’s revenue falls due to economic challenges. The company lost key clients and saw reduced spending due to the cost-of-living crisis, but it’s now diversifying i...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of ADT Fire & Security plc's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Chubb Fire & Security Ltd's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of MITIE Security Limited's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for 2 additional companies
Detailed analysis
- Description and key data for ADT Fire & Security plc, and factors influencing its performance in the industry
- Description and key data for Chubb Fire & Security Ltd, and factors influencing its performance in the industry
- Description and key data for MITIE Security Limited, and factors influencing its performance in the industry
- Description, key data and performance trends for 2 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Security companies must hold the SIA licence for Public Space Surveillance monitoring. This requirement ensures that all individuals working with CCTV monitors are adequately...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
The perception of rising crime props up profit. Despite falling crime rates, 78% of people in England and Wales think crime has increased, leading them to continue purchasing...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2018-2022)
- Coverage Ratios (2018-2022)
- Leverage Ratios (2018-2022)
- Operating Ratios (2018-2022)
- Assets (2018-2022)
- Liabilities (2018-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Security System Services in the UK industry in United Kingdom in 2024?
The market size of the Security System Services in the UK industry in United Kingdom is £1.7bn in 2024.
How many businesses are there in the Security System Services in the UK industry in 2024?
There are 3,010 businesses in the Security System Services in the UK industry in United Kingdom, which has grown at a CAGR of 3.8 % between 2019 and 2024.
Has the Security System Services in the UK industry in United Kingdom grown or declined over the past 5 years?
The market size of the Security System Services in the UK industry in United Kingdom has been growing at a CAGR of 3.1 % between 2019 and 2024.
What is the forecast growth of the Security System Services in the UK industry in United Kingdom over the next 5 years?
Over the next five years, the Security System Services in the UK industry in United Kingdom is expected to grow.
What are the biggest companies in the Security System Services in the UK market in United Kingdom?
The biggest companies operating in the Security System Services market in United Kingdom are ADT Fire & Security plc, Chubb Fire & Security Ltd and MITIE Security Limited
What does the Security System Services in the UK in United Kingdom include?
Monitoring security systems and Monitoring fire alarm systems are part of the Security System Services in the UK industry.
Which companies have the highest market share in the Security System Services in the UK in United Kingdom?
The company holding the most market share in United Kingdom is ADT Fire & Security plc.
How competitive is the Security System Services in the UK industry in United Kingdom?
The level of competition is high and steady in the Security System Services in the UK industry in United Kingdom.
Related Industries
Widen your competitive advantage with related industries
Competitors
- Combined Facilities Support Activities in the UK
Complementors
- Electricians in the UK
- General Building Cleaning in the UK
- Industrial Cleaning Activities in the UK
International industries
- Security Alarm Services in the US
- Locksmiths in the US
- Security Alarm Services in Canada
- Fire and Security Alarm Installation Services in Australia
- Fire and Security Alarm Installation Services in New Zealand
View all industries in United Kingdom
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the UK include:
- Office for National Statistics
- Office for Budget Responsibility
- Bank of England
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
