Ring the alarm: High residential construction and rising per capita income have boosted industry growth

The Security Alarm Services industry in Canada comprises establishments that sell security systems, such as surveillance equipment, fire alarms, locking devices and offers installation, repair or monitoring services of electronic security alarm systems. Moreover, over the past five years, industry operators have benefited from emerging technologies, which have enabled homeowners to monitor security, set their thermostats and even control home appliances from anywhere through their computers or mobile devices. Nevertheless, demand for industry services is projected to grow in line with a healthy economy, as small business growth and a projected rise in disposable incomes naturally lead to spending on security alarm services...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 14-19
2.7%
Forecast Growth 19-24
Profit
Employment
24,329
Businesses
3,926
Market Share of Companies

Industry Threats & Opportunities

  • New business formation has steadied demand from business and commercial clients
  • The majority of industry demand comes from the residential market
  • An anticipated rise in new residential construction will boost industry demand
  • Industry Report - Starting a New Business Chapter

    The Security Alarm Services industry in Canada has a low level of market concentration, which indicates few barriers to entry. However, large players tend 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. Cap...purchase to read more.

    Additional Insights for the Security Alarm Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Security Alarm Services Industry are

  • Must comply with government regulations
  • Effective cost controls
  • Ability to quickly adopt new technology
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Value of residential construction in the Security Alarm Services industry impact industry performance..

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    What's in this report

    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 and monitoring services for electronic security alarm systems.

    Industry Products
  • Residential security alarm system services with monitoring
  • Nonresidential security alarm system services with monitoring
  • Security system and lock installation without monitoring
  • Industry Activities
  • Selling, installing, repairing and monitoring alarm systems
  • Monitoring of burglar alarms
  • Selling, installing, repairing of burglar alarms
  • Monitoring of fire alarms
  • Selling, installing, repairing of fire alarms
  • Providing locksmith services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Value of residential construction
  • Value of nonresidential construction
  • Number of businesses
  • Crime rate

  • Current Performance
  • Demand gradually expands
  • Rising construction
  • Profit and consolidation
  • Chart: Revenue Growth

  • Industry Outlook
  • Demographics and other fundamentals
  • Trends in the age of technology
  • Industry landscape
  • Table: Security Alarm Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Security Alarm Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Retail Trade In Canada
  • Educational Services In Canada
  • Healthcare and Social Assistance In Canada
  • Public Administration in Canada
  • Consumers in Canada

  • Key Selling Industries
  • Electricians in Canada
  • Security Services in Canada
  • Wire & Cable Manufacturing in Canada

  • Products & Services
  • Residential security alarm system services with monitoring
  • Nonresidential security alarm system services with monitoring
  • Security system and lock installation without monitoring
  • Other
  • Chart: Security Alarm Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Residential clients
  • Business and commercial clients
  • Government clients
  • Chart: Major Market Segmentation for the Security Alarm Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    WagesPurchasesProfitDepreciationMarketingRentUtilitiesOther
  • Chart: Cost Structure Benchmarking – Sector vs Security Alarm Services

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Security Alarm Services Industry

  • Industry Globalization
    ADT Inc.,
  • Table: ADT Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Security Alarm Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Security Alarm Services Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Marketing (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)
  • Crime rate (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Remote Access
  • The ability to connect to a system from a remote location.
  • Two-Way Voice Systems
  • A two-way voice communication security system that allows dispatchers to hear what is occurring in a residence or business and communicate with clients.
  • Value-Added
  • Additional features that increase the price or value of a product or service.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Security Alarm Services market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Security Alarm Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Security Alarm Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Security Alarm Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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