It appears 2014 may be looked back upon as the year the electronic security industry finally fully shed the shackles of the great recession.
Installing and monitoring security professionals anticipated an average gain of $1.6M in revenues, or a 19% increase from 2013.
It also marks the third year in a row of rising returns. The average number of installations reversed a three-year pattern of decline, but monitored accounts slacked off.
The results also reveal that video surveillance grew by 3 percentage points in 2014 to reclaim leadership status. Access control also enjoyed a 3-point upward thrust during the period.
Want more market stats? Check out the slideshow to view more!
The 2014 Security Sales & Integration Installation Business Report was created, administered and tabulated by the Research Department of EH Publishing in Framingham, Mass. The source for all data is SSI unless otherwise indicated.
