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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 | May 2015

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

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
$1bn
Annual Growth 10-15
1.5%
Annual Growth 15-20
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Profit
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Employment
19,415
Businesses
2,747
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. 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 2020, the Security Alarm Services industry will benefit from a gradually improving operating environment as the economy continues to expand... purchase to read more

Industry Report - Industry Analysis Chapter

The Security Alarm Services industry offers the installation, maintenance and monitoring of alarm, fire and surveillance equipment. Businesses and households install alarm systems for protection, security and to lower their annual insurance premium costs. In the five years to 2015, industry revenue is expected to increase slowly at an average annual rate of 1.5% to $1.1 billion. During this period, 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... 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, repairing 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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