Intrusion Detection Systems Revenue in the US to Double to $8.27 Million by 2023

Intrusion Detection Systems Revenue in the US to Double to $8.27 Million by 2023

The revenue of Intrusion Detection and Alarm Systems in the United States is expected to double its revenue to $8.27 million by 2023.

Moreover, the whole smart home market income in the United States is expected to keep growing in the future as well. The information was released by the recognized security site PreciseSecurity.com.

Marketing Technology News: Goodway Group Earns Top Rank in Best Data Activation Category at ExchangeWire’s The Wires Global 2019 Awards

Intrusion Detection and Alarm Systems’ Revenue To Keep Growing

As per the report released by PreciseSecurity.com, the Smart Home Market revenue in the United States will grow by 128.26% in the coming three years.

The revenue in Intrusion Detection and Alarms is expected to reach $8.27 million by 2023, which would represent an expansion of 91.43% in the next three years. In 2019, this sector had $4.32 million in revenue.

The report considers that the growth that the Smart Home Market will experience on its income is related to the expansion of the industry and the Internet of Things (IoT).

Marketing Technology News: 3radical Extends the Power of Voco With New Content Hosting Interface

On the matter, PreciseSecurity.com explained:

“One of the main reasons behind this increase in revenue is related to the growth experienced by the smart home industry and the Internet of Things (IoT).”

The most important markets for Intrusion Detection and Alarms would be closely related to those with higher crime rates. Some urban conglomerations in the United States could be hubs for this industry to expand in the market.

Marketing Technology News: GSMA: Mobile Technologies and Services Adding $191 Billion a Year of Economic Value to Middle East and North Africa

Previous ArticleNext Article

Leave a Reply

Your email address will not be published. Required fields are marked *