Security Alarm Services in the US
The Security Alarm Services industry installs, maintains and monitors alarm, fire and surveillance equipment. The industry expanded over the five years to 2018. Much of this growth was driven by rising residential and commercial construction activity, which bolstered demand for new security system installations. However, many security and alarm services companies were acquired by larger competitors over the past five years because of weakened profit and tough operating conditions. Despite these consolidations, in recent years, the popularity of value-added offerings helped boost industry demand, as many industry operators found other outlets for revenue growth by adding health, comfort and safety features to their standard security monitoring services. Over the five years to 2023, small-business growth and increased disposable income levels will contribute to rising industry demand. Furthermore, the growing acceptance of new technologies will continue to drive industry revenue expansion in the residential market.
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.
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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook