$35.9bn
$X.Xbn
213k
83,324
$XX.Xbn
Security alarm service companies experienced a decline in demand due to COVID-19 but have seen more stable, though slower, revenue growth since the economic recovery. The cooling housing market has contributed to slow demand for the industry’s services over the past few years. However, the fear of crime, despite falling actual crime rates, has increased because of media coverage, providing many security alarm system companies with valuable revenue streams. Overall, revenue for security alarm service providers is anticipated to inch upward at a CAGR of 0.3% during the current period, reaching $35.9 billion in 2024. This includes a 3.1% rise in revenue in that year.
Industry revenue has grown at a CAGR of 0.3 % over the past five years, to reach an estimated $35.9bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Adt Inc. | 5,185.6 | 520.5 | 10.0 | |
Johnson Controls International Plc | 1,272.8 | 89.9 | 7.1 | |
Api Group Corporation | 402.1 | 37.1 | 9.2 |
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Industry revenue is measured across several distinct product and services lines, including Nonresidential security system installation services, Nonresidential security monitoring services and Residential security monitoring services. Nonresidential security system installation services is the largest segment of the Security Alarm Services in the US.
Demand for nonresidential security alarm services has suffered from the weakening commercial real estate market
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 isn't a primary focus of this report because it generates a relatively small portion of revenue.
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NAICS 56162 - Security Alarm Services in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Revenue growth in this industry has become steadier but slower post-COVID-19. Relative economic stability and a cooler housing market, influenced by rising mortgage rates, ha...
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High residential mortgage rates have dampened demand for security alarm services from homeowners and renters. Regardless, there's cautious optimism for 2024 as the expected r...
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The concentration of businesses varies depending on an area's urbanization. Urban areas have a higher demand for security alarm services because of higher crime rates and pop...
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The NFPA 72 provides comprehensive guidelines for the installation, maintenance and monitoring of fire alarm systems. This ensures that fire alarm devices and signaling syste...
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Nonresidential construction growth has increased demand for security services, balancing out losses from the residential sector. As a result, overall profit levels in the ind...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Security Alarm Services in the US industry in United States is $35.9bn in 2024.
There are 83,324 businesses in the Security Alarm Services in the US industry in United States, which has grown at a CAGR of 2.3 % between 2019 and 2024.
The market size of the Security Alarm Services in the US industry in United States has been growing at a CAGR of 0.3 % between 2019 and 2024.
Over the next five years, the Security Alarm Services in the US industry in United States is expected to grow.
The biggest companies operating in the Security Alarm Services market in United States are Adt Inc., Johnson Controls International Plc and Api Group Corporation
Residential security monitoring services and Nonresidential security monitoring services are part of the Security Alarm Services in the US industry.
The company holding the most market share in United States is Adt Inc..
The level of competition is moderate and increasing in the Security Alarm Services in the US industry in United States.