Industry Data & Market Research

2023 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.

Security Systems Services market size 2023
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2017        2018        2019        2020        2021        2022
Market Size
(Total Sales/Revenue)

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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data

Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year / six-year demand forecast projects both short-term and long-term trends.

Forecast / Industry Outlook 2023 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The Security Systems Services industry is currently experiencing several key trends that are shaping its future growth and development. One of the most significant trends is the increasing demand for integrated security solutions. Many businesses and institutions are looking to combine physical security measures such as surveillance cameras and access control systems with cybersecurity measures to create a more comprehensive and effective security strategy.

Another important trend is the growing use of artificial intelligence (AI) and machine learning in security systems. These technologies are being used to analyze large amounts of data and to identify potential threats in real-time. AI is also being used to automate many routine security tasks, freeing up human security personnel to focus on more complex and strategic tasks.

The rise of the Internet of Things (IoT) is also having a significant impact on the Security Systems Services industry. As more devices are connected to the internet, there is a growing need to secure those devices and the data they generate. This has led to the development of new security protocols and technologies designed specifically for IoT devices.

Finally, the Security Systems Services industry is also being shaped by changing customer preferences and expectations. Customers are increasingly looking for flexible, scalable solutions that can be customized to meet their specific needs. They are also demanding more transparency and accountability from their security providers, and they expect fast, responsive customer service and support.

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 DescriptionNumber 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

Key Duplication Services

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.

U.S. map by state

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 AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Rent paid on business property
Charitable Contributions
Domestic production activities deduction
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
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
Source: AnythingResearch Analysis of U.S. federal statistics

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 RatiosIndustry 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 RatiosIndustry 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 IndicatorsIndustry 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.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 7%

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Chief Executives0%
General and Operations Managers5%
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%
Source: Bureau of Labor Statistics

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
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Security Systems Services industry.

Executive Briefings

We believe that technology trends are creating significant change in our industry. Innovation has lowered the barriers to entry in home automation, and new business models and competitors have emerged. We believe that a combination of increasing customer interest in lifestyle and business productivity and technology advancements will support the increasing penetration of interactive services and home/business automation. We are focused on extending our leadership position in the monitored security industry while also growing our share of the fast-growing home/business automation industry. The security systems market in the United States and Canada remains highly competitive and fragmented, with a number of major firms and thousands of smaller regional and local companies. The high fragmentation of the industry is primarily the result of relatively low barriers to entering the business in local geographies and the availability of wholesale monitoring (whereby smaller companies outsource their monitoring to operations that provide monitoring services but do not maintain the customer relationship). We believe that our principal competitors within the security systems market are Monitronics International, Inc., Vivint, Inc., Protection One, Inc., Comcast Corporation, AT Adt

Government Contracts

In 2022, the federal government spent a total of $2,161,453,773 on Security Systems Services. It has awarded 4238 contracts to 1105 companies, with an average value of $1,956,067 per company.   

Most Recent Contracts Date Total Award Amount
34 Cardinal Dr
Fredericksburg, VA
Jun 30, 2023$2,065,328