Industry Analysis & Industry Trends
Operators within the Security System Services industry install, maintain and monitor security and fire alarms and surveillance equipment. The industry also includes the installation and maintenance of mechanical or electronic locking devices such as safes and security vaults. Over the past five years, the industry has expanded. Demand for industry services tends to be relatively safeguarded from economic volatility because consumers largely consider the service provided by industry operators to be essential, meaning that security systems are considered a necessary precaution for households and businesses. Over the five years through 2016-17, crime in the United Kingdom is expected to fall, but public concern over terrorism has increased, boosting demand for industry services... purchase to read more
Industry Report - Industry Investment Chapter
The Security System Services industry is estimated to have a low level of capital intensity. However, in recent years, increased innovation within the industry has caused capital intensity to increase. Operators have looked to expand their client base by offering clients innovative security systems. The higher level of capital intensity has also increased wage costs across the industry. Operators have employed higher skilled employees in an attempt to remain competitive. The industry is labour intensive, with skilled employees required to install and maintain security and fire systems, meaning the industry has high labour costs. Despite improving technology, the industry is still reliant on labour.
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