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.
This industry comprises establishments that sell security systems, such as burglar and fire alarms and locking devices. They also offer installation, repair and monitoring services of electronic security alarm systems. While the industry includes locksmiths, the locksmith segment is not a primary focus of this report because it generates a relatively small portion of revenue.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.