Report Projects Alarm Market to Reach $19.6 Billion by 2011
NEW YORK
The market for alarm systems, services and installations is expected to reach $19.6 billion by 2011, according to the U.S. Market for Alarm Systems, Services and Installations, a new report from market research publisher SBI.
Even after a 2-percent fall from 2005 to 2006, SBI projects that growth will return to the market in 2008 due to the reduction of equipment shipments, systems installations and changes in the residential and commercial markets.
Annual increases are expected range between 1 and 4 percent with the advances in technologies, integrated systems, cross-channel innovation and general end-user awareness, according to SBI.
“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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