The revenue generated by Intrusion Detection and Alarms systems in the US is expected to reach $8.27 million by 2023, which would represent an expansion of 91.43% in the next three years.
That’s according to a report from PreciseSecurity, which says the sector posted revenues of $4.32 million in 2019.
The report asserts that the growth that the Smart Home Market will experience on its income is related to the expansion of the industry and the Internet of Things (IoT).
The most important markets for Intrusion Detection and Alarms would be closely related to those with higher crime rates. Some urban conglomerations in the United States could be hubs for this industry to expand in the market.
The full report, statistics and information can be found here: https://www.precisesecurity.com/home-security