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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 | Apr 2014

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

The Security Alarm Services market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$17bn
Annual Growth 09-14
1.3%
Annual Growth 14-19
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Profit
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Employment
118,646
Businesses
9,613
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 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 SWOT Analysis Chapter

The Security Alarm Services industry is in the mature phase of its life cycle. There is wholehearted market acceptance for security systems given their impact on safety and the financial incentive that maintaining such systems can prevent theft and lower insurance costs. However, new services, such as technologies that allow customers to monitor their homes, control appliances and set room temperatures from a computer or mobile device have bolstered industry demand and offer the potential for future revenue growth in the next five years.

Nevertheless, industry growth has largely been in line with the overall economy... 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, repair and monitoringBurglar alarm monitoring Burglar alarm sales, installation, repair and monitoringFire alarm monitoring Fire alarm sales, installation, repair and monitoringSecurity alarm sales, installation, repair and monitoring Security systems monitoring Providing locksmith services


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