$3.7bn
$XX.Xbn
29,406
3,807
$X.Xbn
The Canadian Security Alarm Services industry has expanded over the past five years, driven by an increase in consumer spending, alongside a rise in per capita disposable income and new security system installations. Stable demand from expanding Canadian businesses also boosted the industry, as firms prioritized security measures and upgraded systems with technological innovations to safeguard their assets. The outbreak of COVID-19 led to a sharp push down in mortgage rates, stimulating growth in the housing market and boosting security systems installation revenue in the residential segment. Overall, industry revenue is estimated to increase at a CAGR of 1.9% to $3.7 billion over the five years to 2024, including growth of 2.5% during the current year.
Industry revenue has grown at a CAGR of 1.9 % over the past five years, to reach an estimated $3.7bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Telus Corporation | 422.7 | 14.7 | 3.5 | |
BCE Inc. | 46.4 | N/A | N/A | |
Vivint Inc. | 25.0 | N/A | N/A |
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Security Alarm Services in Canada
Industry revenue is measured across several distinct product and services lines, including Residential security alarm system services with monitoring, Nonresidential security alarm system services with monitoring and Security system and lock installation without monitoring. Residential security alarm system services with monitoring is the largest segment of the Security Alarm Services in Canada.
Residential security system demand is expanding
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.
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NAICS 56162 - Security Alarm Services in Canada
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Security alarm revenue has increased despite the emergences of the COVID-19 pandemic. An otherwise strong macroeconomic environment has provided a solid operational base.
Learn about an industry's products and services, markets and trends in international trade.
Residential clients are the biggest market. The residential market expands with the value of residential construction, as new homes typically get equipped with security featu...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Canadian security providers mostly follow population patterns. Businesses, which drive the market, also follow population patterns.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Security providers compete on the price and services available. Customers will shop around for the best deal and are less likely to use security providers without a good repu...
Learn about the performance of the top companies in the industry.
Many security alarm companies are nonemployers, meaning they don't employ any workers other than themselves. This leads to a fragmented operating environment.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Disposable income is a key driver for security alarm service providers. A stronger macroeconomic environment enables Canadians to purchase more security products and use secu...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit has been relatively steady in recent years. High levels of competition have resulted in lower prices, capping profit. COVID-19 caused profit to decline, as downstream ...
Including values and annual change:
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Key data sources in Canada include:
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These sources include:
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The market size of the Security Alarm Services industry in Canada is $3.7bn in 2024.
There are 3,807 businesses in the Security Alarm Services industry in Canada, which has grown at a CAGR of 0.7 % between 2019 and 2024.
The market size of the Security Alarm Services industry in Canada has been growing at a CAGR of 1.9 % between 2019 and 2024.
Over the next five years, the Security Alarm Services industry in Canada is expected to grow.
The biggest companies operating in the Security Alarm Services market in Canada are Telus Corporation, BCE Inc. and Vivint Inc.
Selling, installing, repairing and monitoring alarm systems and Monitoring of burglar alarms are part of the Security Alarm Services industry.
The company holding the most market share in Canada is Telus Corporation.
The level of competition is moderate and increasing in the Security Alarm Services industry in Canada.