In the past five years, demand for residential and commercial security systems has proven to be sensitive to changes in overall economic activity. Rising employment and disposable income lowered alarm service cancelation rates and improved industry revenue, as more residential customers were able to pay for security services. In the five years to 2021, the Security Alarm Services industry will benefit from a gradually improving operating environment as the economy continues to expand.
This industry sells security systems, such as burglar and fire alarms and locking devices, and offers installation, repair or monitoring services of electronic security alarm systems.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.