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 2021, 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 SWOT Analysis Chapter
The Security Alarm Services industry is in the mature phase of its life cycle. There is wholehearted market acceptance for security systems given their impact on safety and the financial incentive of preventing theft and lowering insurance costs. However, new services, such as technologies that allow customers to monitor their homes, control appliances and set room temperatures from a computer or mobile device, have bolstered industry demand and offer the potential for future revenue growth in the next five years.
Nevertheless, industry growth has largely been in line with the overall economy... purchase to read more