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Security Facts

The security industry is growing...

  • In 1995, Americans spent an estimated $10.2 billion on electronic security products and services.
    This figure includes monthly monitoring fees. STAT Resources, Inc., Boston, Mass., 617-734-2000
  • Spending on electronic security products and services is growing at estimated 4.3 percent per year.
    STAT Resources, Inc., Boston, Mass., 617-734-2000
  • In 1995, an average of 13,100 businesses nationwide were classified as "alarm installing entities."
    STAT Resources, Inc., Boston, Mass., 617-734-2000
  • By the end of 1997, more than one in five homes (20 percent of households) will be electronically protected. This number includes both professional and do-it-yourself systems; however NBFAA endorses only professionally installed and monitored systems. JP Freeman & Company, Newtown, Conn., 203-426-6023
  • An estimated two million security systems were installed in 1993. STAT Resources, Inc., Boston, Mass., 617-734-2000
  • From 1988 to 1993, consumers spent more than $5 billion on home security installations. This figure does not include monitoring costs.JP Freeman & Company, Newtown, Conn., 203-426-6023

A small-business dominated industry...

  • Approximately one-half of the businesses installing alarm systems have annual revenues of less than $250,000 per year and employ four or fewer employees. STAT Resources, Inc., Boston, Mass., 617-734-2000

Prices are dropping

  • Due to improved technology and the competitive marketplace, the average price of a security system has decreased by 30 percent in the last five years. Average price is now slightly more than $1,000. JP Freeman & Company, Newtown, Conn., 203-426-6023

Security systems reduce burglaries...

  • Homes without security systems are about 3 times more likely to be broken into than homes with security systems. Actual statistic ranges from 2.3 times to 3.1 times, depending on the value of the home. Simon Hakim, Temple University, 215-204-7476
  • Losses due to burglary average $400 less in residences with security systems than for a residences without security systems. Simon Hakim, Temple University, 215-204-7476

Residential fires are expensive and deadly...

  • In 1994, home fires caused $481,000 in damage EVERY HOUR. National Fire Protection Association, Quincy, Mass., 617-984-7274