Burglar Alarm Systems Market Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2032Posted by Ashish on October 6th, 2022 ![]() The global burglar alarm systems market was estimated at US$ 5.5 Billion in 2021 and is projected to procure US$ 5.9 Billion by 2022. The market is anticipated to garner US$ 11.8 Billion by 2032 while recording a CAGR of 7.2% during the forecast period from 2022 to 2032. Expansion of the market can be attributed to the increasing utility in residential and commercial buildings and the adoption of advanced technologies like AI & Big data to enhance security services across various developing countries. Moreover, wireless burglar alarms are another salient factor augmenting the industry in the assessment period. The growing usage of these Burglar Alarm Systems in huge buildings where it is very difficult and inefficient to provide security by physical mode, these system increases sets the alarms in case of any movement and alerts the concerned person or authority. Thereby, with the soaring infrastructural growth, the demand for these alarming systems is increasing vigorously. However, the false alarms triggered by the inaccuracy of systems to catch sounds have created discontent in the minds of people which is likely to impede the growth of the global burglary alarm systems in the forthcoming period. Key Takeaways from the Market Study
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