Safety first: Industry demand and revenue have grown despite falling crime rates

The Security System Installation and Monitoring industry has performed moderately well over the past five years. Demand for security systems from businesses, households and other sectors has remained relatively strong despite declining crime rates in Australia in most years over the past five-year period, particularly in property crime. 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 driven steady demand for security installation and monitoring systems, benefiting the industry over the past five years...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 13-18
2.1%
Forecast Growth 18-23
Profit
Employment
12,440
Businesses
1,941

Industry Threats & Opportunities

  • Industry revenue is expected to continue growing steadily, despite crime rates generally falling
  • Non-residential buildings often require industry products and services, boosting demand
  • New technologies are projected to reduce monitoring and surveillance staffing requirements
  • Industry Report - Industry Key Buyers Chapter

    Industry concentration is low, with the four largest firms accounting for an estimated 36.3% of industry revenue in 2017-18. Several large industry firms operate nationally and provide an extensive range of services across many industries and sectors. There are also many small companies that only service small geographic regions or provide a narrow range of security services to specific market segments. Industry concentration has increased slightly over the past five years as larger firms have acquired smaller companies. This trend is anticipated to continue over the next five years, as larger companies increase growth rates and boost market share.Industry concentration varies across service segments. Ala...purchase to read more.

    Additional Insights for the Security System Installation and Monitoring Industry

    IBISWorld has determined the most important Key Success Factors for the Security System Installation and Monitoring are:

  • Ability to compete on tender
  • Ability to effectively communicate and negotiate
  • Access to multiskilled and flexible workforce
  • IBISWorld analysts also discuss how external factors such as Demand from non-residential building construction and Level of criminal activity in the Security System Installation and Monitoring industry impact industry performance..

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    What's in this report

    What is the Security System Installation and Monitoring Industry?

    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.

    Industry Products
  • Security system installation
  • Security system monitoring and surveillance
  • Security system repairs and maintenance
  • Other security system services
  • Industry Activities
  • Supplying security systems installed by the same firm
  • Installing security systems
  • Supplying security system monitoring services
  • Repairing and maintaining security systems
  • Providing security design and consulting services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from non-residential building construction
  • Level of criminal activity
  • Dwelling commencements
  • Number of businesses
  • Population aged 50 and older

  • Current Performance
  • Revenue and profit growth
  • Enterprises and employment
  • Industry development trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Revenue and profit
  • More firms, higher employment
  • Products and substitutes
  • Table: Security System Installation and Monitoring Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Security System Installation and Monitoring Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Manufacturing
  • Retail Trade
  • Financial and Insurance Services
  • Education and Training
  • Public Administration and Safety
  • Health Care and Social Assistance
  • Consumers

  • Key Selling Industries
  • Audio Visual Electronic Equipment Manufacturing
  • Telecommunications and Other Electrical Goods Wholesaling
  • Wired Telecommunications Network Operation

  • Products & Services
  • Security system installation
  • Security system monitoring and surveillance
  • Security system repairs and maintenance
  • Other security system services
  • Chart: Security System Installation and Monitoring Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Commercial
  • Domestic
  • Industrial
  • Retail
  • Other sectors
  • Government
  • Chart: Major Market Segmentation for the Security System Installation and Monitoring Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Security System Installation and Monitoring

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Security System Installation and Monitoring Industry

  • Industry Globalization
    UTC Australia Commercial Holdings Pty Ltd, Tyco International Security Group Pty Limited, Wilson Parking Australia 1992 Pty Ltd, Sydney Night Patrol & Inquiry Co Pty Ltd,
  • Table: UTC Australia Commercial Holdings Pty Ltd - financial performance
  • Table: Tyco International Security Group Pty Limited - financial performance
  • Table: Wilson Parking Australia 1992 Pty Ltd - financial performance
  • Table: Sydney Night Patrol & Inquiry Co Pty Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Security System Installation and Monitoring Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Security System Installation and Monitoring Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Biometrics
  • A way to identify people as a security measure through physical characteristics, such as fingerprints and iris and facial recognition.
  • Cctv
  • Closed-circuit television (CCTV) is TV system that transmits images to a monitoring location for security purposes.
  • Monitoring
  • The viewing of CCTV and other security screens at a monitoring location, with appropriate notification and action taken in the event of a security breach.
  • Surveillance
  • The act of watching or checking of people, buildings and equipment via CCTV.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Security System Installation and Monitoring market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Security System Installation and Monitoring:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Security System Installation and Monitoring market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Security System Installation and Monitoring, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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