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Security Alarm Services in Canada Industry Data and Analysis
The Canadian Security Alarm Services industry has expanded, driven by greater construction, strong per capita disposable income and new security system installations. Growing spending by Canadian businesses has raised the prospects of security alarm service providers, as businesses prioritize security measures to safeguard their assets by upgrading systems with technological innovation. The COVID-19 pandemic pushed down mortgage rates further, stimulating the housing market and driving new spending on security services from residential clients. However, as the Bank of Canada (BoC) raised interest rates to fight inflation, residential demand for security alarm systems weakened as households reduced discretionary spending. In 2024, the BoC began cutting rates, easing borrowing costs. This shift made it easier for providers to expand their offerings and for consumers to invest in more comprehensive and integrated security solutions. As a result, industry revenue is forecast to grow at a CAGR of 0.2% to $3.0 billion through 2025, including growth of 2.3% in 2025 alone.Emerging technologies are reshaping security alarm services, with companies adding AI-driven monitoring alongside home automation features like remote thermostat control and appliance management via smartphones. These innovations have encouraged system upgrades, but also intensified competition, as cable and telecom providers expand into digital security. For example, TELUS entered the market by acquiring ADT Canada in 2019, leveraging its telecom infrastructure to offer integrated home and business security solutions. This cross-industry rivalry has furthered price pressures and strained margins, even as profit levels have remained strong in recent years.Security alarm services will expand alongside economic health. The BoC will continue to temper interest rates even as concerns about the global economy remain heightened, an unwinding that is expected to continue as inflation cools and consumer confidence stabilizes. This will spur commercial and residential building, fueling the need for security alarm services. Shifting demographics, particularly Canada's aging population, will present another opportunity for security alarm service companies. Security alarm providers will expand 24/7 monitoring and emergency communication features, especially in light of higher perceptions of crime. Consequently, industry revenue is forecast to rise at a CAGR of 2.0% to $3.3 billion through 2030.
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What's included in this industry analysis
IBISWorld's research coverage on the Security Alarm Services industry in Canada includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released September 2025.
About this industry
What's this industry report about?
The Security Alarm Services industry in Canada operates under the NAICS industry code 56162CA. 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. Related terms covered in the Security Alarm Services industry in Canada include two-way voice systems, value-added and remote access.
What's included in this industry?
Products and services covered in Security Alarm Services industry in Canada include Residential security alarm system services with monitoring, Nonresidential security alarm system services with monitoring and Security system and lock installation without monitoring.
What companies are included in this industry?
Companies covered in the Security Alarm Services industry in Canada include TELUS Corporation.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Security Alarm Services industry in Canada.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Security Alarm Services industry in Canada.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Security Alarm Services industry in Canada.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Security Alarm Services industry in Canada. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Security Alarm Services industry in Canada. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Security Alarm Services industry in Canada. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Security Alarm Services industry in Canada. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Security Alarm Services industry in Canada.
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Frequently Asked Questions
What is the market size of the Security Alarm Services industry in Canada in 2026?
The market size of the Security Alarm Services industry in Canada is $3.0bn in 2026.
How many businesses are there in the Security Alarm Services industry in Canada in 2025?
There are 3,851 businesses in the Security Alarm Services industry in Canada, which has grown at a CAGR of 1.2 % between 2020 and 2025.
How may import tariffs affect the Security Alarm Services industry in Canada?
The Security Alarm Services industry in Canada is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Security Alarm Services industry in Canada?
The Security Alarm Services industry in Canada is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Security Alarm Services industry in Canada grown or declined over the past 5 years?
The market size of the Security Alarm Services industry in Canada has been growing at a CAGR of 0.2 % between 2020 and 2025.
What is the forecast growth of the Security Alarm Services industry in Canada over the next 5 years?
Over the next five years, the Security Alarm Services industry in Canada is expected to grow.
What are the biggest companies in the Security Alarm Services industry in Canada?
The biggest company operating in the Security Alarm Services industry in Canada is TELUS Corporation
What does the Security Alarm Services industry in Canada include?
Selling, installing, repairing and monitoring alarm systems and Monitoring of burglar alarms are part of the Security Alarm Services industry in Canada.
Which companies have the highest market share in the Security Alarm Services industry in Canada?
The company holding the most market share in the Security Alarm Services industry in Canada is TELUS Corporation.
How competitive is the Security Alarm Services industry in Canada?
The level of competition is moderate and increasing in the Security Alarm Services industry in Canada.
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