Burglar Alarm Systems Market Estimated At USD 7.01 Billion By 2030
San Francisco, 14 Dec 2022: The Report Burglar Alarm Systems Market Size, Share & Trends Analysis Report By Type (Wireless, Wired), By Component (Hardware, Software, Services), By Application, By Region, And Segment Forecasts, 2022 - 2030 The global burglar alarm system market size is anticipated to reach USD 7.01 billion by 2030, registering a CAGR of 6.7% from 2022 to 2030, according to a new report by Grand View Research, Inc. The demand for burglar alarm systems is expected to increase due to the growing popularity of smart homes, including intelligent security systems. Market players are likely to embrace business strategies such as partnerships, mergers & acquisitions to gain more market share. For instance, in May 2021, ASSA ABLOY acquired Sure-Loc Hardware, Inc., manufacturers of residential locks and related accessories. Through this acquisition, the company aims to strengthen its position in mature markets by adding complementary services and products to its busi