Secutiry Alarm Services in the US Industry Market Research Report from IBISWorld Has Been Updated

The emergence of new technologies will drive industry revenue expansion in the residential market, with many security alarm services companies offering secure web access, allowing customers to monitor their homes, control appliances and set home temperature from a computer or a mobile device. For these reasons, industry research firm IBISWorld has updated a report on the Security Alarm Services industry in its growing industry report collection.

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Business growth and increased disposable income levels will bolster industry demand.

New York, NY (PRWEB) January 19, 2014

The Security Alarm Services industry installs, maintains and monitors alarm, fire and surveillance equipment. The industry stagnated during the five years to 2013, with revenue expected to remain flat at an annualized rate of 0.0% to $17.0 billion. “During the recession, falling residential and commercial construction activity dampened demand for new security systems while falling corporate profit and disposable incomes caused many clients to reduce security budgets,” according to IBISWorld Industry Analyst Stephen Morea.

With tough operating conditions and slowing demand, weakening profit caused many security and alarm services companies to shut down or become acquired by larger competitors. For example, Tyco International acquired Broadview Security in 2010 only to spin-off their combined security services business in the initial public offering (IPO) of ADT Security Services in 2012. The newly formed ADT has made at least two major acquisitions since its IPO, putting further downward pressure on the number of companies operating in the industry.

Despite these conditions, the industry has experienced a slow turnaround in demand in recent years, with industry revenue expected to increase 1.4% in 2013. “As the economy continues to recover, businesses and residential customers are expected to invest in security again,” says Morea. Rising corporate profit margins have allowed companies to invest in electronic security systems. In addition, the availability of low-cost monitored security systems has also benefited the residential segment.

In the next five years, small-business growth and increased disposable income levels will contribute to rising industry demand. The emergence of new technologies will drive industry revenue expansion in the residential market. Many security alarm services companies will offer secure web access, allowing customers to monitor their homes, control appliances and set home temperature from a computer or a mobile device. Additionally, firms will also take advantage of new technologies such as biometrics, which involves face or fingerprint recognition, providing opportunities for expansion.

For more information, visit IBISWorld’s Security Alarm Services in the US industry report page.

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IBISWorld industry Report Key Topics

The Security Alarm Services 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 of revenue.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.


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  • Gavin Smith
    IBISWorld
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