IoT News - Professionally monitored alarm systems in Europe and North America reached 48 million at the end of 2019
The number of professionally monitored alarm systems in Europe is forecasted to grow at a compound annual growth rate (CAGR) of 3.9 percent from 16.5 million in 2019 to 20.0 million in 2024. In North America, the number of monitored alarm systems is forecasted to grow at a CAGR of 2.7 percent from 31.7 million in 2019 to 36.2 million in 2024. Security systems for small businesses and private homes can be divided into three main categories – local, self-monitored and professionally monitored security systems. When activated, a local security system emits an alarm sound to alert the surro...
Source: iotbusinessnews.com