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US alarm market to reach $4.9 billion by 2021

August 15, 2017Spencer Ives

CLEVELAND, Ohio—The Freedonia Group, a research firm based here, projects that the U.S. security alarm systems market will reach $4.9 billion by 2021, starting at $3.8 billion in 2016, with a CAGR of 5.1 percent between 2016 and 2021.“The biggest driving factor … is going to be the continued growth of construction activity going forward,” Katherine Brink, industry analyst, Freedonia Industry Studies, told Security Systems News. Brink added that this factor effects both residential...

Katherine Brink, The Freedonia Group