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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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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 Locations Chapter

In general, the Security Alarm Services industry follows the dispersion of the Canadian population. Also, the industry requires access to the Electricians industry (IBISWorld report 23821CA) to install security surveillance equipment, if the industry player does not provide installation in its operations. As such, the most populated territories or provinces in Canada, including Ontario, which accounts for 37.7% of total industry establishments, Quebec (23.4%), British Columbia (15.8%) and Alberta (12.7%) comprise the largest share of industry establishments. According to police-reported crime data from Statistics Canada, demand for industry services follows the number of property crimes rather than the rate of property crime based on the population size... 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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