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Security Alarm Services in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Security Alarm Services in Canada Market Research Report | NAICS 56162CA | Dec 2014

Secure future: The industry will continue to benefit from emerging technologies and rising incomes

IBISWorld’s Security Alarm Services market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 09-14
1.3%
Annual Growth 14-19
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Profit
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Employment
19,126
Businesses
2,366
Industry Analysis & Industry Trends

In the past five years, demand for residential and commercial security systems has proven to be sensitive to changes in overall economic activity. For example, 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 2019, the Security Alarm Services industry will face a gradually improving operating environment as the economy continues to expand. Record-high projected household ownership rates in Canada, supported by longer-term population growth and continued low interest rates will increase residential construction and spur demand for new security alarm installations... purchase to read more

Industry Report - Industry Investment Chapter

The Security Alarm Services industry has a low level of capital intensity. For every dollar spent on wages, operators only spend $0.05 on capital structures and equipment. The industry is highly labour intensive, with wages consuming 27.4% of revenue in 2014. Security alarm services companies rely heavily on labour for all aspects of the business, requiring employees to install and maintain alarm systems, monitor possible security breaches and respond by notifying the proper authorities... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Security Alarm Services Industry?

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.

Industry Products
Residential security alarm system services with monitoringNonresidential security alarm system services with monitoringSecurity system and lock installation without monitoring
 
Industry Activities
Selling, installing, repairn and monitoring alarm systemsMonitoring of burglar alarms Selling, intalling, repairing of burglar alarmsMonitoring of fire alarmsSelling, installing, repairing of fire alarmsProviding locksmith services


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