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20th Annual LLSSA Convention

The Security Industry Is Growing

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.

US electronic security system demand will rise 7.8 percent annually through 2012, driven in part by a high perceived crime risk despite falling crime rates. Access controls will see the fastest gains based on innovations that make them more accurate and easier to use. The more mature alarm and CCTV segments will rebound along with new housing construction.

The US market for electronic security systems will grow 6.9 percent annually through 2010, spurred in part by high risk perceptions and technology developments. Access controls, contraband detectors and automotive security devices will lead gains. The industrial market will become the largest non-consumer segment by 2010.

US demand for private contracted security services will grow 4.3 percent annually through 2010. Guarding and alarm monitoring will remain dominant while security consulting and systems integration will lead gains from a smaller base. Armored transport, prison management and private investigations will also grow at above average rates.

Source: Freedonia. Get more stats!