Report: Alarm Market to Approach $20B by 2011
NEW YORK — The market for alarm systems, services and installations is expected to reach $19.6 billion by 2011, according to a new report from market research publisher SBI.
Despite a 2-percent fall from $17.8 billion in 2005 to $17.5 billion in 2006, SBI projects that growth will return to the market in 2008.
Titled “U.S. Market for Alarm Systems, Services and Installations,” the report prognosticates annual increases ranging between 1 and 4 percent attributable to advanced technologies, integrated systems, cross-channel innovation and increased end-user awareness.
“The security and safety industry now has a great opportunity to explore alternative product and service channels that share technological and service touchpoints outside of fire and intrusion,” says Cathy Minkler, associate editor of SBI. “These touchpoints include indoor and outdoor lighting, high-tech home entertainment, broadband services, and independent living services for the infirm or aging.”
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