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Security Monitoring Services in Canada Procurement Price, Data and Insights
Security monitoring providers alert buyers and, if necessary, relevant law enforcement departments in the case of a security breach on the buyer's property. Monitoring is generally conducted in a remote facility operated by the supplier. The key buyers are residential and commercial property owners.
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What’s included in this market coverage
IBISWorld's research coverage on the Security Monitoring Services procurement and pricing environment in Canada includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Security Monitoring Services market in Canada includes Video Surveillance Monitoring, Alarm System Monitoring, Access Control Monitoring and Cybersecurity Monitoring. Standard coding in this coverage includes ISIC-802-Security systems service activities, NACE-80.20-Security Systems Service Activities, NAICS-561621-Security systems services (except locksmiths) and UNSPSC-92121701-Surveillance or alarm maintenance or monitoring.
What common market terminology is included?
Common market terminology included in the Security Monitoring Services procurement coverage includes Access Control (A security technique used to regulate who or what can access a particular place or resource. Access may mean consuming, using, or entering.) and Biometric (Technology that involves the use of face, fingerprint, or similar recognition of an individual's unique biologic characteristics to permit access or entry to a building or room.).
What companies are included as top suppliers?
The top companies covered in the Security Monitoring Services procurement report as suppliers are Avante Corp Inc., Altech Security Systems, Bce Inc., NRG Energy Inc. and Securitas Ab.
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Security Monitoring Services market in Canada category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per month, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Security Monitoring Services market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Security Monitoring Services procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Security Monitoring Services market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Security Monitoring Services market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Security Monitoring Services?
The 2026 benchmark market price for Security Monitoring Services is $95.2 per month. Prices have increased at a CAGR of 2.3 from 2023-26.
Who are the top vendors in the Security Monitoring Services market?
The top vendors in the Security Monitoring Services market include Avante Corp Inc., Altech Security Systems, Bce Inc., NRG Energy Inc. and Securitas Ab.
What factors affect the price of Security Monitoring Services?
Integration of various security monitoring services can lead to cost efficiencies and enhanced value propositions for buyers, as bundled offerings may reduce overall pricing compared to purchasing services separately. For example, a package that includes fire alarm monitoring, intrusion detection, and video surveillance may be priced lower per service than if each were contracted individually, reflecting economies of scale and improved operational efficiencies for the provider.
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