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Showing posts with the label Burglar Alarm Systems Market

Global Burglar Alarm Systems Market: Trends, Growth, and Forecast to 2030

  The global  burglar alarm systems market  size is anticipated to reach USD 6.72 billion by 2030, registering a CAGR of 6.3% from 2023 to 2030, according to a new report by Grand View Research, Inc. The demand for burglar alarm systems is expected to increase due to the growing popularity of smart homes, including intelligent security systems. Market players are likely to embrace business strategies such as partnerships, mergers & acquisitions to gain more market share. For instance, in January 2023, Pye-Barker Fire & Safety, LLC acquired Bevan Security Systems, Inc., a provider of security and alarm services. The acquisition intends to strengthen Pye-Barker's alarm division and bolster its services delivered in New Jersey.   The increasing demand for a high level of security in residential complexes, commercial buildings, and industrial complexes is likely to fuel the need for the burglar alarm systems market in the coming years. Access control technol...