Revenue, more diversification, but profits under attack from consolidation and industry changes, says SDM Industry Forecast.a strong U.S. economy, steady consumer confidence and strong consumer and business spending, coupled with fear of crime, helped the dealer, installer and monitoring sector of the private security industry hit strong revenue growth in 1998.
Revenue growth more than doubled compared with 1997. Prices consumers paid for sales/installation and monitoring grew across the sector. But, a squeeze on profits continued, with increased competition, sale of more accounts to others and a labor shortage.