IoT News | Professionally monitored alarm systems in Europe and North America reached over 49 million at the end of 2020

IoT News | Professionally monitored alarm systems in Europe and North America reached over 49 million at the end of 2020

Professionally monitored alarm systems in Europe and North America reached over 49 million at the end of 2020

IoT News | Professionally monitored alarm systems in Europe and North America reached over 49 million at the end of 2020

Berg Insight, the world’s leading IoT market research provider, today released new findings about the market for home and small business security systems.

The number of professionally monitored alarm systems in Europe is forecasted to grow from 16.8 million in 2020 at a compound annual growth rate (CAGR) of 4.0 percent to reach 20.4 million in 2025. In North America, the number of monitored alarm systems is forecasted to grow at a CAGR of 2.4 percent from 32.3 million in 2020 to 36.4 million in 2025.

Security systems for small businesses and private homes can be divided into three main categories – local, self-monitored…

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