Security Systems Industry Report July 2021
Industry Overview
The Security Alarm Services industry installs, maintains and monitors alarm, fire and surveillance equipment. The industry expanded over the five years to 2021, primarily as a result of broad
economic improvements.
Industry Demand Drivers
Public Safety: Increasing public concerns over security and safety have led to growth in private security spending.
Innovation: The emergence of digital sensors, broadband technology and mobile access has enabled new operators to enter the industry. The increase in developing technologies and strategic partnerships will likely lead to more industry mergers and acquisitions.
Small Businesses: As more small businesses re-open over the next five years, the demand for security and alarm services will increase. Downstream commercial demand for security alarm services will also likely be bolstered by new technologies.
Snapshot
