Secure future: Demand for industry services will remain strong 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, 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
2,124

Industry Threats & Opportunities

  • Industry revenue is expected to continue growing steadily despite the falling crime rate
  • 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 Products Chapter

    The industry's main service segments are security system installation, security system monitoring and surveillance, security system repairs and maintenance, and other security system services.Security system installationSecurity system installation is the industry's largest service segment. It includes installing basic security alarms in domestic and commercial premises, integrated security systems in commercial sites (including CCTV, access control and back-to-base monitoring) and specialised security systems (such as detection systems, apparel tags and security labels for retail outlets). This segment is expected to account for 49.2% o...purchase to read more.

    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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    What's in this report

    What is the Security System Installation and Monitoring Industry?

    Industry companies install and maintain commercial and residential security systems. Some firms 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
  • 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
  • Establishments and employment
  • Industry development trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Revenue and profit
  • Establishments and employment
  • Future industry trends
  • 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
  • Profit
  • Purchases
  • Wages
  • Depreciation, rent and utilities
  • Other
  • 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, Mather & Platt Pty Ltd, Sydney Night Patrol & Inquiry Co Pty Ltd, Wilson 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

  • 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.
  • Closed-Circuit Television (Cctv)
  • A television 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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    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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