Ring the alarm: Demand for industry services will likely grow in line with a healthy economy

The Security Alarm Services industry in Canada comprises establishments that sell security systems, such as surveillance equipment, fire alarms and locking devices, and offers installation, repair or monitoring services of electronic security alarm systems. Over the five years to 2018, industry revenue is expected to increase slowly. High residential construction, low unemployment and rising per capita income have boosted industry growth. Over the past five years, industry operators benefited from emerging technologies, which enabled homeowners to monitor security, set their thermostats and even control home appliances from anywhere via their computers or mobile devices. These technological solutions have been a positive driver for industry growth...read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies

Industry Threats & Opportunities

  • New business formation and rising corporate profit margins steadied demand from business and commercial clients
  • The commercial market will continue to contribute to industry revenue growth
  • A rise in corporate profit will yield higher business spending on security and alarm services
  • Industry Report - Industry Investment Chapter

    The Security Alarm Services industry in Canada has a low level of capital intensity. For every dollar spent on labour, operators are estimated to spend $0.07 capital. The industry is highly labour intensive, with wages expected to consume 34.0% of industry revenue in 2018. Security alarm services companies rely heavily on labour for all aspects of the business, requiring employees to install and maintain alarm systems, monitor possible security breaches and respond by notifying the proper authorities. However, a significant portion of these employees work part-time, which helps industry operators control labour-related expenses and contributes to the steady average wage...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
  • 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
  • Profit
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Security Alarm Services

  • Basis of Competition
  • Internal Competition
  • External 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
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Crime rate (2009-2023)

  • 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
  • When an alarm is triggered, two-way voice communication security systems allow 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 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.

    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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