| Standard Report | Premium Report | |
|---|---|---|
| Current State of the Industry |  |
|
| Market Size (industry trends) | |
|
| Market Forecast (5-year projection) | |
|
| Products/Services Breakdown | |
|
| Revenue per State | |
|
| Financial Metrics | |
|
| Salary & Compensation Statistics | |
|
| Public Company Information | |
|
| Key Private Companies | |
|
| Government Vendors | |
|
| Instant Download - Available immediately upon purchase | |
|
Download both PDF and Excel
|
|
|
| Download now: |
2024 U.S. Industry Statistics & Market Forecast - Security Systems Services
Market Size & Industry Statistics
The total U.S. industry market size for Security Systems Services :
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Security Systems Services industry include:- Integration of AI and machine learning
- Increased use of cloud-based security solutions
- Rise in smart home automation
- Growing demand for integrated security solutions
- Expansion of IoT in security applications
- Enhanced focus on cybersecurity for physical security systems
- Adoption of wireless and remote technologies
- Need for compliance with data protection regulations
- Popularity of biometric security systems
- Increase in mobile-based access control applications
- More emphasis on subscription-based business models
- Heightened threat perception leading to security upgrades
- Greater investment in R&D for advanced security technologies
Product & Services Breakdown
Research products and services in the Security Systems Services industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
|||
Security Guard And Patrol Services |
|||
Security Guard And Patrol Services For Buildings And Grounds |
|||
Building Security System Services (With Monitoring) |
|||
Residential Security System Services (With Monitoring) |
|||
Non-Residential Security System Services (With Monitoring) |
|||
Building Security System And Lock Installation, Including Repair Services (Without Monitoring) |
|||
Building Security System And Lock Installation, Including Repair Services (Without Monitoring) - Residential |
|||
Building Security System And Lock Installation, Including Repair Services (Without Monitoring) - Non-Residential |
|||
Resale Of Merchandise |
|||
Resale Of Merchandise, Over-The-Counter Or Separate From Services Provided |
|||
All Other Receipts |
|||
All Other Operating Receipts |
|||
U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
|
|---|---|---|
| Total Revenue | Order at top of page |
|
| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Security Systems Services company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Security Systems Services industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
|
| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
|
| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Security Systems Services measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
|
| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
|
| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
|
| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
|
| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
|
| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
|
| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
|
Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 7% | Order at top of page |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 5% | |||
| Sales and Related Occupations | 11% | |||
| Sales Representatives, Services | 8% | |||
| Miscellaneous Sales Representatives, Services | 8% | |||
| Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel | 8% | |||
| Office and Administrative Support Occupations | 22% | |||
| Installation, Maintenance, and Repair Occupations | 45% | |||
| Electrical and Electronic Equipment Mechanics, Installers, and Repairers | 33% | |||
| Miscellaneous Electrical and Electronic Equipment Mechanics, Installers, and Repairers | 33% | |||
| Security and Fire Alarm Systems Installers | 32% | |||
| Other Installation, Maintenance, and Repair Occupations | 9% | |||
| Miscellaneous Installation, Maintenance, and Repair Workers | 8% | |||
| Locksmiths and Safe Repairers | 7% | |||
Security Systems Services Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Security Systems Services industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Security Systems Services industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Security Systems Services industry. |
Source:
Innovation News
- Mar 28, 2024: Security Enhancement Systems patents Smart Sensor Device And Early Warning Notification System And Method
- Dec 21, 2023: HYPR patents Secure Mobile Initiated Authentications To Web-services
- Nov 09, 2023: HYPR patents Out-of-band Authentication To Access Web-service With Indication Of Physical Access To Client Device
- Aug 31, 2023: Security Enhancement Systems trademarks "CORE DEFENDER" - Electronic lock assemblies; Downloadable computer software for access control and remote security monitoring of electronic locks sold as an integral part of electronic lock assemblies, none of the foregoing relating to or for use in connection with vehicles other than container doors on tractor trailers
- Aug 31, 2023: Security Enhancement Systems trademarks "CORE DEFENDER" - Software as a service (SAAS) services featuring software for access control and remote security monitoring of electronic locks, none of the foregoing relating to or for use in connection with vehicles other than container doors on tractor trailers
- Aug 25, 2023: Vicon Industries trademarks "ANAVIO" - Downloadable software application for mobile phones, handheld computing devices, and portable computing devices
- May 21, 2018: Abode Systems raises $19 million in funding.
- Oct 13, 2017: Abode Systems raises $5 million in funding.
- Mar 09, 2017: Abode Systems raises $4 million in funding.
Recent Federal Contracts for Security Systems Services
- Apr 02, 2024: KBR WYLE SERVICES, LLC (Lexington Park, MD) awarded $1,314,323
- Apr 02, 2024: SCDATACOM, LLC (Savannah, GA) awarded $51,770
- Apr 02, 2024: SCIF ALARMS LLC (Manassas, VA) awarded $12,840
- Apr 02, 2024: CAM-DEX CORPORATION (Kansas City, KS) awarded $11,898
- Apr 02, 2024: M. C. DEAN, INC. (Tysons, VA) awarded $17,153,280
- Apr 02, 2024: ARCOM SYSTEMS, INC. (North Little Rock, AR) awarded $393,191
Related Reports
Can't find what you're looking for? We have over a thousand
market research reports.
Ask us and an analyst will help you find what you need.