Despite declining crime rates in Australia, particularly in property crime, demand for security systems from businesses, households and other sectors remains strong. 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 are driving continued demand for security installation and monitoring systems, to the benefit of the industry.
It remains unclear whether increased security levels are contributing to the declines in Australia's crime rate, or whether steady economic conditions and low unemployment levels are the major factors in reducing criminal activity.
Companies in the industry install and maintain commercial and residential security systems. Some firms also provide security monitoring services to complement the installed security systems.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.