Xenotronics - Competitors

Xenotronics Competition

Now Viewing Xenotronics's competition in: Security System Services (primary)

Recent Developments

Video Surveillance Increasing in Transportation, Retail - The transportation and retail industries are growth markets for companies that install and maintain video surveillance equipment, according to ABI Research. By 2013, global spending on video surveillance in the transportation sector is projected to hit $2 billion, and $4 billion in the retail sector. Cameras are being used for more than just surveillance: airports and rail stations use them to document accidents combat bogus lawsuits, while retailers use them to help design floor plans and analyze customer behavior.

Home Sales' Drop could Impact Security System Demand - Sales of new single family houses plunged 34.5 percent in August 2008 compared to August 2007, according to the Census Bureau; existing home sales fell 10.7 percent, says the National Association of Realtors. Both new and existing home sales are leading indicators of demand for residential security system services, as consumers are most likely to install home security systems and initiate monitoring contracts when they first buy a home.

Industry Associations Launch Online Job Bank - An online Security Industry Recruiting Center was launched in August 2008 by the National Burglar & Fire Alarm Association and the Central Station Alarm Association. The two have joined forces to create a website intended to serve as an industry-specific CareerBuilder.com or Monster.com that allows job seekers to post resumes and security industry employers to list jobs. The two associations say that the job bank addresses one of the greatest challenges facing the industry: a shortage of qualified labor.

Competitive Landscape

Demand is driven partly by home sales, new home construction, and new commercial and office construction. The profitability of monitoring companies depends on the volume of customers, as most costs are fixed. Large companies have advantages of scale in operating monitoring centers and in national advertising and brand recognition. Small companies often compete by selling customer contracts to the large monitoring companies, or reselling the monitoring companies’ services, which they buy wholesale.

Full Industry Overview For Security System Services

Security System Services Industry Forecast

from Hoover's/D&B subsidiary First Research

The output of US investigation and security services is forecast to grow at an annual compounded rate of 3.9 percent between 2008 and 2013.

Security Services Growth Steadies

First Research forecasts are based on INFORUM forecasts that are licensed from the Interindustry Economic Research Fund, Inc. (IERF) in College Park, MD. INFORUM's "interindustry-macro" approach to modeling the economy captures the links between industries and the aggregate economy.