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Security Alarm Services in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Security Alarm Services Market Research Report | NAICS 56162 | Dec 2015

Heightened security: Revived incomes and new technologies will spur demand for security systems

IBISWorld’s Security Alarm Services market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$22bn
Annual Growth 10-15
3.1%
Annual Growth 15-20
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Profit
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Employment
171,675
Businesses
58,452
Industry Analysis & Industry Trends

While the recession caused businesses to reduce security budgets, revenue will recover over the next five years. Revived disposable incomes will encourage investment in low-cost monitored security systems and Security Alarm Services industry players will increasingly take advantage of new technology, including biometrics and remote access. Also, improved corporate profit will allow companies to invest in more security systems. Furthermore, heightened government-mandated fire and security regulations will positively affect growth... purchase to read more

Industry Report - Industry Analysis Chapter

Revenue in the Security Alarm Services industry is expected to increase at an average annual rate of 3.1% to $21.9 billion in the five years to 2015. The Security Alarm Services industry offers the installation, maintenance and monitoring of alarm, fire and surveillance equipment. The majority of industry demand comes from the residential market, as industry operators commonly install and provide monitoring services for single family homes. The commercial market, which includes retail stores, offices and manufacturing facilities, is another major market for industry operators, as businesses install alarm systems to prevent thefts and intrusions, alert their employees of potential fire hazards and lower annual insurance premium costs... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Security Alarm Services Industry?

This industry comprises establishments that sell security systems, such as burglar and fire alarms and locking devices. They also offer installation, repair and monitoring services of electronic security alarm systems. While the industry includes locksmiths, the locksmith segment is not a primary focus of this report because it generates a relatively small portion of revenue.

Industry Products
Residential security alarm system services with monitoringNonresidential security alarm system services with monitoringResidential security system and lock installation without monitoringNonresid. security system and lock installation without monitoring
 
Industry Activities
Alarm system monitoring Alarm system sales, installation and repairBurglar alarm monitoring Burglar alarm sales, installation and repairFire alarm monitoring Fire alarm sales, installation and repairSecurity systems monitoring Security alarm sales, installation and repair Providing locksmith services


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