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Stock impact report

Home and Small Business Security System Market Report 2024 - Growing at a CAGR of 3.6%, the Number of Monitored Alarms in North America is Estimated to Reach 42.9 Million in 2028 [Yahoo! F...

APi Group Corporation (APG) 
Company Research Source: Yahoo! Finance
Professionally monitored alarm systems in Europe and North America reached 55 million in 2023 The North American market for home and small business security systems is almost twice the size of the European market. There were an estimated 36 million active monitored alarm systems in the US and Canada at the end of 2023. The overall penetration rate among the around 155 million households and small business premises in North America was 23.2 percent. Growing at a CAGR of 3.6 percent, the number of monitored alarms in North America is estimated to reach 42.9 million in 2028. In the EU27+3, there were about 19 million active monitored alarm systems at the end of 2023. This corresponds to an overall penetration rate of 7.6 percent among the around 250 million households and small businesses in Europe. The market data thus indicate a significant growth potential for alarm systems in Europe, especially in the residential segment where the current penetration is only 6.3 percent. Howev Show less Read more
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