Home Security Systems & Solutions Market - Forecast(2021 - 2026)
Home Security Systems & Solutions Market Overview: According to a statistical report by the Federal Bureau of Investigation (FBI), after two consecutive years of increases, the estimated number of crimes had dropped by 3.6% with 2,362.2 offenses per 100,000 residents in 2017 as compared to 2016[1]. This gradual decline in property crimes over the years is largely attributed to the advanced surveillance techniques used in the real estate sector because of which the home security systems & solutions market is booming. The market expert of IndustryARC has valued the home security systems & solutions market at around $50 billion as of 2018 with an estimated CAGR to be an impressive 8% to 10% during the forecast period of 2019 to 2025. Owing to the massive growth in the Internet of Things (IoT) possibilities and the fact that North America has been leveraging other advanced technologies to improve the quality of life, home security systems & solutions market is making stri...