With a respectable 3.3 percent gain in RMR, the industry’s largest security dealers continue to find opportunities, while keeping an eye on new competition.
The financial performance of the largest security system providers in the United States — the SDM 100 — was measured and healthy in 2013. SDM 100 companies, which earn their revenues from the sale/installation, leasing, service, hosting and monitoring of electronic security systems, collectively grew their recurring monthly revenue (RMR) just over 3 percent in 2013 to $663 million. Approximately nine of every 10 companies recorded an increase in RMR, while the remainder of companies was flat or declined by no more than 2 percent each.
“The market was strong,” emphasizes Ackerman Security Systems, ranked No. 22. “Just as the industry continued to outpace our economy, we had another profitable and successful year utilizing cutting-edge technologies.” Ackerman Security’s three best-performing vertical markets were education, healthcare and commercial. The company grew RMR by 19.1 percent during 2013.