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The latest report by IMARC Group, titled “North America Home Security System Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, finds that the North America home security system market reached a value of US$ 4.8 Billion in 2018. Home security systems refer to a combination of integrated software and hardware devices designed for detecting unauthorized entry or potential intruders in a secured zone. At present, North America is one of the leading markets for home security systems across the globe owing to the availability of advanced devices that have helped in broadening the applications of modern home security systems. Some of these devices include wireless alarms, motion or body heat detectors, remote systems, and customizable and smart alarm systems.
Market Trends:
Home security system manufacturers in North America are introducing easier to use and more effective systems. Some of these systems allow the users to remotely monitor their homes, whereas, others offer fire and carbon monoxide emission detectors that can help the users in case of such emergencies. Apart from this, a significant rise in the number of property-related crimes, such as burglary, larceny-theft, motor vehicle theft, arson and vandalism, has given a push to the demand for home security systems in the region. On account of these factors, the North America home security system market is expected to reach US$ 14.1 Billion by 2024, registering a CAGR of 19.7% during 2019-2024.
Market Summary:
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