Overview

Monitoring progress: Steady demand from new commercial businesses is underpinning industry growth

IBISWorld’s Security System Installation and Monitoring market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Low barriers to entry have helped increase the industry’s establishment numbers
  • Steadily increasing demand is expected to boost industry revenue over the next five years

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    Industry Analysis & Industry Trends

    The Security System Installation and Monitoring industry has performed well over the past five years. Demand for security systems from businesses, households and other sectors has remained strong despite declining crime rates in Australia, 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 drive steady demand for security installation and monitoring systems, benefiting the industry.

    It remains unclear whether increased security is contributing to declines in Australia's crime rate, or whether steady economic conditions and low unemployment are the major factors reducing criminal activity...

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    What is the Security System Installation and Monitoring industry?

    Entry barriers to the industry are at a low level as it is relatively easy to set-up a security system installation company. Industry firms are able to access security systems for installation from suppliers and wholesalers, with the actual installation process for new and existing premises generally being straight forward for most tradespeople. Some larger companies can benefit from economies of scale by being able to purchase equipment at lower marginal prices, and can have lower marginal management and administration costs.

    There are no specific educational qualifications required to enter the industry. Some knowledge of building and construction work is needed to install systems, with a qualified electrician required for electrical work. Cap...

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    Additional Insights for the Security System Installation and Monitoring Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Security System Installation and Monitoring Industry are

  • Ability to compete on tender
  • Ability to effectively communicate and negotiate
  • Access to a 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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    Products & Brands

    Major products in this industry
    Security system installation
    Security system monitoring and surveillance
    Security system repairs and maintenance
    Other security system services
    Examples of brands in this Industry
    Chubb
    SNP Security Services
    ADT Security

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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
  • Chart: Revenue Growth

  • Industry Outlook
  • 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

  • Products & Markets
    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
  • Other sectors
  • Retail
  • Government
  • Chart: Major Market Segmentation for the Security System Installation and Monitoring Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    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
    Major Companies
    UTC Australia Commercial Holdings Pty LtdMather & Platt Pty LtdSydney Night Patrol & Inquiry Co Pty LtdWilson Parking Australia 1992 Pty Ltd
  • Table: UTC Australia Commercial Holdings Pty Ltd - financial performance
  • Table: Mather & Platt Pty Ltd - financial performance
  • Table: Sydney Night Patrol & Inquiry Co Pty Ltd - financial performance
  • Table: Wilson Parking Australia 1992 Pty Ltd - financial performance

  • Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Security System Installation and Monitoring Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Biometrics
  • Identifies people by physical characteristics, such as fingerprints, iris and facial recognition, as a security measure.
  • Cctv
  • Closed-circuit television transmits images to a monitoring location as part of a security system.
  • Monitoring
  • In the event of a security breach, the alarm system notifies an operator at a monitoring location so that appropriate action can be taken.
  • Surveillance
  • Includes the watching or checking of people, buildings and equipment via CCTV.
  • Why buy this report?

    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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