Security Alarm Services in the US - Industry Market Research Report

Security Alarm Services in the US The Security Alarm Services industry expanded over the five years to 2019. Much of this growth was driven by rising residential and commercial construction activity, which bolstered demand for new security system installations. In addition, rising employment and per capita disposable income over the past five years made security services more affordable for households, while rising corporate profit margins enabled many businesses to increase their security budgets, ultimately benefiting industry players. Over the five years to 2024, expected small business growth and increased disposable income levels will likely contribute to rising industry demand. Furthermore, the growing acceptance of new technologies is expected to continue to drive industry revenue expansion in the residential market. Many security alarm service companies will likely offer secure internet access, enabling customers to monitor their homes, control appliances and set home temperature from a computer or a mobile device. This industry comprises establishments that sell security systems, such as burglar and fire alarms and locking devices. They also offer installation, repair and monitoring services of electronic security alarm systems. While the industry includes locksmiths, the locksmith segment is not a primary focus of this report because it generates a relatively small portion

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