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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 | Mar 2016

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 11-16
1.7%
Annual Growth 16-21
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Profit
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Employment
19,614
Businesses
2,791
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

 


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, installing, repairing of burglar alarmsMonitoring of fire alarmsSelling, installing, repairing of fire alarmsProviding locksmith services


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