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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 | Jul 2014

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
$18bn
Annual Growth 09-14
1.4%
Annual Growth 14-19
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Profit
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Employment
118,568
Businesses
9,625
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. Furthermore, heightened fire and security regulations will positively affect growth... purchase to read more

Industry Report - Industry Products Chapter

Fire and security systems are the industry's primary products, accounting for an estimated 28.3% and 58.4% of industry revenue, respectively. The segments sell and install systems, provide remote monitoring services and maintain industry equipment. The services can also be integrated in a total building management system, which incorporates climate control, building and energy management, fire safety and security lighting.

Security alarms and monitoring services

Security alarms are primarily designed to detect unwanted entry and include video surveillance systems and electronic access control. Some companies, such as ADT Security Services, have more advanced systems for specific industries... 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
Security alarms and monitoring servicesFire alarm systemsLocksmith services
 
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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