Security products & Consumer Market Statistics

 

    With a growing crime population, the consumer market for security products has never been lucrative. Here are some statistics related to home intrusion, burglary, car theft, employee theft....

Burglary & Car Theft in the United States: "Every 13 seconds, a home intrusion is committed. 2.5 million+ home intrusions are committed each year. Only 17% of the homes in the U.S. have a security system. 2,500+ cars stolen per day… almost 2 cars a minute. Identity theft is the fastest growing crime in the U.S." ("Nexia Home Security", http://www.nationalair.net) 

Auto Theft Stats for Canada: "It's more than a billion-dollar-a-year business in Canada alone, experts say...With a USB cable, he plugs it into the car's diagnostic system and punches some buttons. Then, trying the key, he hears the engine come to life. He backs out and drives away. Before the sun rises, he does the same with four more cars – and in that way, in less than a year, 500 cars in and around the GTA worth $30-million are silently taken...The dismantling of a Greater Toronto Area car-theft ring reveals a sophisticated operation that stole hundreds of vehicles worth $30-million – often right off owners' driveways" ("How high-tech car theft became a billion dollar Canadian racket", https://www.theglobeandmail.com/news/)

  Residential Break-ins Stats For Canada -     "A residential break-in happens every 90 seconds in Canada. More than 80% of break-ins occur during daylight hours. Most illegal entries are made by amateur burglars without the use of sophisticated tools. Most burglars enter through a basement or ground-floor door or window. Most burglars rely on concealment, speed, and force to gain entry to a home" ("Preventing break-ins", https://www.sgicanada.ca/news?title=preventing-break-ins)

Employee Theft Statistics For US: "According to a Hiscox study, U.S. businesses affected by employee theft lost an average of $1.13 million in 2016. Small and midsize businesses accounted for 68 percent of cases, and their median loss last year was $289,864" ("Employee Theft Costs U.S. Businesses $50 Billion per year", https://www.securitymagazine.com/)

Employee Theft For Canada: "On average, employees steal about $2,500 in cash or goods from their employer before they're caught, according to the Retail Council of Canada. On average, customers steal about $175...Every year, employee theft costs Canadian businesses about $1.4 billion" ("A company's most costly thieves already have keys to the building", https://www.cbc.ca/news/canada/nova-scotia/employee-theft-business-loss-money-)

    Though these statistics seem to be just from North America, they are evident worldwide! Since forensics uses fingerprints, CCTV footage, and crime scene investigation, the consumer market for forensics and surveillance systems is growing worldwide. Consumer electronics have many applications in the security and surveillance market. First of all, footage from the surveillance camera may be used for police reports as well as evidence in the courtroom. Next, car dash cams and built-in cameras may record and send car theft footage for courtrooms as well as for vehicle recovery. Not to mention, hardwired GPS lets monitoring stations track trucks and hazmat vehicles. It also allows consumers to track their vehicles on the Internet. Furthermore, apps for iPhones and Androids allow individuals to recover their lost or stolen cell phones by tracking their location via GPS. However, the most lucrative industry to benefit from crime statistics is the Insurance industry. With car theft on the rise, the insurance premiums of most commonly stolen vehicles take a direct hit. Moreover, auto theft of specific cars may prove detrimental to sales as well. Not to mention, home Insurance and monthly packages for home surveillance systems may rise in areas with high crime statistics. Also, major department stores may bump up their prices for warranties on consumer electronics that cover theft. To add, password-protected laptops, computers, and cell phones have become a rising trend from data theft and hacking activities worldwide. Overall, the consumer market for forensics and security systems is growing worldwide with rising crime activities.