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Study suggests strong future for UK security industry

The UK security industry is currently going through a promising period in terms of recent growth and prospects for future expansion, research has revealed.

A study commissioned by the European Commission Directorate General for Migration and Home Affairs set out to acquire statistical data that would give a clear representation of how security sectors were performing across the EU.

The investigations included company surveys in seven member states: the UK, Germany, Spain, France, Italy, Poland and Estonia.

According to the British Security Industry Association (BSIA), the results made encouraging reading for the sector in the UK, as well as the many businesses and other organisations that rely on professional security services.

The figures showed that turnover growth was higher in the UK than in any other surveyed nation, with more than one in three British firms (35 per cent) saying their turnover had risen by more than 25 per cent in the past five years.

Around one in seven UK respondents (15 per cent) had seen their revenue rise by up to 25 per cent and only 13 per cent reported a decline in growth.

The research also revealed that total turnover for all security products and services in the UK - with the exception of defence - was €25.4 billion (£19.7 billion).

Approximately 352,000 people are currently employed in the industry.

These numbers look set to rise in the near future, with the EU study indicating that the UK security sector is on course to expand by 16 per cent over the next five years.

The average expected growth rate for all surveyed member states, by comparison, was ten per cent.

Welcoming the research findings, James Kelly, chief executive of the BSIA, said they were indicative of the "economic importance of the UK's security industry".

He added: "It is pleasing to see data that supports the notion that the UK's security industry is growing. The statistics show that our industry is performing well domestically as well as wider afield in global markets, positioning the UK as a global leader in security products and services.

"This is something that we should be proud of; the 'Great British brand' is in demand and I expect that this will continue to grow as more and more UK companies expand their business overseas."

The BSIA's member services include the Export Council, a dedicated forum for professional security providers looking to expand their operations overseas.

According to the European Commission's research, 55 per cent of UK firms had some degree of global exposure and, for 15 per cent, exports accounted for at least 75 per cent of all sales.

Professional security services are an important element of business efficiency and growth for many organisations, particularly those that handle high-value goods or sensitive data.

Manned guarding, or electronic security systems like alarms, CCTV and door access controls, can provide peace of mind for a company's workforce and consequently have a positive impact on productivity.

Posted by Andrew Miller

Image courtesy of iStock

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