Security System Services in the UK - Industry Market Research Report

Secure growth: Sturdy demand from the construction sector is supporting revenue growth in 2023-24

Over the five years through 2023-24, revenue will increase at a compound annual rate of 1.8% to £1.3 billion. Demand for security services tends to be largely safeguarded from economic volatility due to the essential nature of security. Public concern over terrorism and crime has increased, supporting demand for security system services. Government authorities have outsourced security services to specialist contractors to ease the public's fears regarding security and improve efficiency. Operators in this industry install, repair, maintain and monitor electronic security alarm systems, mechanical or electronic locking devices, safes and security vaults. The industry excludes the installation of security systems without later monitoring. 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.