Security Alarm Services in Canada - Market Research Report

Ring the Alarm: Increased Disposable Income Will Lead to Greater Spending on Security Alarm Services

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Canadian security alarm service provides include businesses that sell security systems, such as surveillance equipment, fire alarms and locking devices, and offers installation, repair or monitoring services. Revenue has grown at a CAGR of 2.8% to $3.6 billion through the end of 2023, including a 0.8% decline in 2023 alone. Growing consumer spending and per capita disposable income during most of the period improved demand for installing new security system and made security monitoring services more affordable. In addition, more businesses in Canada kept demand from business and commercial clients steady, as companies continued to spend on security and safety systems designed to protect their assets. The Security Alarm Services industry in Canada sells security systems, such as burglar and fire alarms and locking devices. Operators also offer installation, repair and monitoring services for electronic security alarm systems.