The times are uncertain, with a lot of disconcerting activities happening around the globe that make people question their safety. Calamities, caused by nature or a series of man-made errors, are also occurring with regularity. It is thus understandable that home security systems in Memphis, TN and other major cities in the United States have increased in number. An article published by Security Systems News also iterates the possibility of sales going upward in four years:
In a news release, IHS says that there is “realistic momentum with the growing trend to combine home automation and home security systems, on a single platform.”
The report says that “the residential sector accounted for 40.7 percent of the $2.7 billion global intruder alarm market in 2012, and is forecast to be one of the fastest-growing verticals with a five-year compound annual growth rate of 5.3 percent from 2012 to 2017.”
In a statement, Adi Pavlovic, analyst for access control, fire and security at IHS [said] “Home-management integration is gaining the most popularity in North America, which will increase the penetration rate of intruder alarm products into the residential sector.”
The article continues that new players, such as telecoms and cable companies, contribute to the rise of home security. However, the growth of the industry is only limited to the residential aspect, as there is no current legislation that supports the development of commercial security systems.
This news means that home security system providers will be exposed to a higher level of competition, likely resulting in the production of newer, and possibly better, products that will give consumers varied market choices.
This will be extremely beneficial to people who want to protect their homes. Memphis, for example, is a relatively quiet city compared to Los Angeles and New York. However, crime is still on the rise in places like Memphis. This encourages families to buy a security system, which not only enables homeowners to monitor their properties, but also allows senior citizens to maintain their independence and parents to keep track of their children.
With the rise of the home security market, consumers can only look forward to better things. Companies that provide home alarm systems in Memphis, TN, such as Frase Protection, will be more than happy to inform you of the latest trends and technologies in home safety.
(Excerpt from HIS: More security systems in homes in next four years, SecuritySystemsNews.com, October 9, 2013)