Every strata of business undertakes research in order to gather and understand data that helps businesses flourish. One of the most important investments a business will make is in seurity, which is normally considered to be a lucrative business given the right information and business strategies to be implemented. With the economic impact of the credit crunch the security industry has also had their share of blows, there were fears of reduction in projects and reduction in the needs of companies for security devices and installations. With the mellowing down of the economic crisis however, it was deemed necessary to check the viability of the business after the “storm”.
This is the reason why BSIA or the British Security Industry Association have conducted a survey research in order to determine whether or not the security industry will pick up or will flourish in the coming year. According to the research by BSIA security is still regarded as a key investment despite of the blows brought about by the economic crisis. The survey yielded ninety-two percent of the respondents has stated that they will retain the same investment level in the field of security.
The research also yielded that around one third of the respondents who are business owners were found to be unaware of the trends in business crimes. Awareness of business crime trends is important, such knowledge will help business owners avoid becoming victims of crime.
Finally, the survey has shown that business owners who would like to continue investing in security systems and installations prefer to purchase CCTV camera systems, intruder alarms and other physical security measures such as barrier systems. Dwelling on numbers, around thirty-seven percent who would like to invest further in security system would prefer to purchase CCTV camera systems, around fifteen percent (15%) is considering the purchase of intruder alarm systems, fourteen percent (14%) would procure access control systems and another fourteen percent (14%) would prefer investing on other physical security measures or systems.