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 - Starting a New Business Chapter
The Security Alarm Services industry has a low level of market concentration, which indicates there are few barriers to entry. However, large players are likely to obtain more high-value clients based on their established reputation and strong customer service. Large players also typically have the distribution network necessary to provide services across provinces and territories. Nevertheless, the industry is typified by a high level of fragmentation, which enables industry players to enter the industry and cater to a market niche of local clientele.
While the barriers to entry may be significant for large security installation projects due to significant price-based competition, the barriers are far lower on smaller projects... purchase to read more