While the major companies take 80% of the total market share of the alarm security and patrol security business for the customers, inclusive of public institutes and commercial shops, the market size is estimated to be 2 millions customers.
Since the catastrophe of September 11th, the security businesses in the United States have seen record growth and the market in Korea is estimated at 2,000 billion KRW with an annual growth rate of 100%. As the security business is now trying to enter the home security market, the leading security companies have already been very aggressive in their sales activities, targeting luxury villas and apartment complexes through advertisements in the public media. However, they are facing the reality that the high costs involved in the installation and monthly service fees are preventing the companies from being popular with the general customers. |
