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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 2016

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

IBISWorld’s Security Alarm Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$23bn
Annual Growth 11-16
4.3%
Annual Growth 16-21
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Profit
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Employment
184,767
Businesses
56,549
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 Products Chapter

All industry segments sell and install systems and provide maintenance for security systems, alarms, locks and other industry-related equipment.

Security and alarm system services with monitoring

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. For example, its retail clients use radio frequency identification tags, which attach to individual merchandise to protect against theft. The segment also includes remote monitoring services, provided by security alarm services companies, which account for the majority of industry revenue... 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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