Industry Statistics
The Security Industry is Growing
The market for electronic security alarms and related products is projected to increase 3.8 percent per year through 2010 to $4.6 billion.
In general terms, technological advances will benefit demand for most types of electronic alarm systems. However, monitored systems -- particularly those connected to private central station monitoring facilities -- are expected to achieve stronger sales growth over the forecast period.
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The US market for central station alarm monitoring services is projected to advance 3.2 percent per year through 2010 to $13.5 billion. Going forward, the best opportunities will exist for relatively new services such as vehicle monitoring and personal emergency response services (PERS), both of which are expected to post above average growth, albeit from small bases.
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The total monitored population is estimated at 32.1 million.*
In 2006, Americans spent an estimated $25.9 billion on professionally installed electronic security products and services. *
In 2006, 33 percent of security installations were for residential customers, 37 percent for commercial and 30 percent for large industrial.*
Average Installation Facts and Monitoring Fees…
The average customer price paid for the installation of a residential burglar alarm system was $1,500 in 2005. The average monthly monitoring fee was $24 for 2005.*
Primary methods of alarm signal transmission are: 85 percent telephone landlines; 8 percent cellular; 4 percent Voice over Internet Protocol (VoIP) and 3 percent long-range radio.*
*Source: The 2006 Installation Business report, Security Sales & Integration (Vol. 26, No. 13), 2007 Top 500 Industry Resource Guide, www.ecuritysales.com
