Security System Installation and Monitoring in Australia - Industry Market Research Report

Security System Installation and Monitoring in Australia - Industry Market Research Report

Security System Installation and Monitoring in Australia

The Security System Installation and Monitoring industry's performance has been mixed in recent years. Revenue has fallen because of the COVID-19 pandemic's effects in in 2019-20 and 2020-21, although a recovery is expected over the two years through 2022-23. Demand for security systems from businesses, households and other sectors has deteriorated, as businesses were forced to close during periods of restrictions and economic conditions weakened as restrictions eased. These trends have led to declining revenue and profit margins over the past five years. However, companies and institutions need to protect property, assets, equipment and staff from theft, vandalism and violence to maintain insurance policies and minimise losses. These factors have helped limit declines in demand for the industry's security system installation and monitoring services over the past five years.

Industry companies install and maintain commercial and residential security systems supplied by the same firm. Some enterprises in the industry also provide security monitoring services to complement the installed security systems.

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."