Security services are often viewed as an expense that many businesses and homeowners in Melbourne may try to avoid or minimise. However, a closer look reveals that security services offer long-term value that far outweighs the costs. With Melbourne being home to major industries like medical technologies, biotechnology, pharmaceuticals, financial services and residential properties, investing in security services is not just about preventing crime—it’s about safeguarding people, property and sensitive information. 

Understanding the Costs of Security Services 

Security services come in various forms, each with its own cost structure. These services can include: 

Manned guarding: This typically involves security personnel stationed at entry points or patrolling specific areas. Costs can range from $25 to $50 per hour, depending on the level of training, the location and the risks involved. 

CCTV surveillance systems: Installing a high-quality CCTV system may cost between $1,000 and $10,000 depending on the number of cameras, their quality and features like night vision or remote monitoring. 

Alarm systems: A basic alarm system installation might cost between $500 and $3,000. This includes sensors, control panels and alarms for doors and windows. Ongoing monitoring fees may add another $30 to $100 per month. 

Access control systems: These systems can range from keycard access to biometric systems, with costs varying from $1,500 to over $10,000, depending on the complexity and number of entry points. 

Cybersecurity services: For industries dealing with sensitive data, like pharmaceuticals and financial services, cybersecurity is crucial. Annual costs can range from $5,000 to over $100,000, depending on the business size and complexity. 

Long-Term Value of Security Services 

The upfront costs of these services may seem significant, but their long-term value is substantial. For businesses, the prevention of theft, vandalism and data breaches can save millions. Moreover, enhanced security measures can reduce insurance premiums, offering additional savings. Residential properties with strong security systems also see higher property values, as buyers are willing to pay more for safer homes. 

For Melbourne’s critical industries, the protection of sensitive information, research and intellectual property is invaluable. The medical technology and biotech sectors, in particular, benefit from robust security systems to ensure data integrity and safeguard innovation.  

Ultimately, the investment in security services protects against potential financial loss and reputational damage, providing peace of mind and a solid return on investment.