The 25th annual SDM 100, which looks at the 2014 financial performance of the 100 largest security companies, bore only slight changes year-over-year. 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) by 3.8 percent in 2014 to reach $670 million. This followed a 3.3 percent hike in 2013.
“2014 was one of the best bounce-back years since the recession. Sales were stronger in virtually all categories versus 2013,” notes Beltsville, Md.-based ASG Security, ranked No. 10. “We would characterize the market as better than average. Security systems sales were driven considerably by greater awareness and demand for connected home services. In the commercial sector, there was stronger spending in private and public projects across ASG’s geographies.”