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Its service areas comprise manned guarding, home security, fire defense, and security technology and consulting. Prosegur is Spain’s biggest private security firm, and in 1987 it made history as the first company of its kind to be listed on the Madrid Stock Exchange. In 2011 the firm earned $233. 748 million. With a task force of over 4,700 armored vans, Prosegur is well known for its cash in transit services, which it outsources to banks around the world. The company’s technology services include CCTV monitoring, access control, and “anti intrusion and perimeter detection.review security systems
Investment firms have also spotted an opportunity in the DIY home security market. For example, Sequoia invested early; in 2014, the firm dumped $57 million into SimpliSafe, which offers self installed security systems. All told, DIY systems are on track to take over 34 percent of the home security market by 2020. They're also projected to account for more than 62 percent of the market by 2035. The profitability of home security systems has become ever more apparent. That's resulted in intense competition within the industry as startups and big name corporations duke it out. The participation of major brands has validated and helped spur investment in the industry. Competition has gotten even fiercer as telecommunications and cable companies get in on the action. ATandT, Comcast, Time Warner Cable, and Verizon all offer home security solutions, many of which are bundled with other services such as cable and internet. From changing consumer demographics to tech advancements and telecoms' participation, an array of factors have aligned to make home security a massive industry. The market is expected to grow through 2020, and there's no sign it will slow down after that.