Freedonia Group, Inc. News
The rise of DIY home security is driving traditional vendors to pursue new growth strategies. Recent activity at ADT exemplifies how firms that have historically focused their business on professional monitoring are expanding to offer their own branded security equipment that users can monitor themselves without having to sign a long-term contract – a key to competing with firms like Amazon, Nest, and SimpliSafe. Freedonia’s newly published Safety & Security Alarms explores the i...
Demand for personal emergency response systems (PERS) and related alarms is expected to expand 7.3% annually through 2021 to $220 million. Growth will be driven primarily by an above average increase in the number of people over the age of 65, which is the demographic most likely to utilize these devices. In addition, there is a persistent interest among elderly individuals to age in place in their own homes, rather than to move in with a relative or to an assisted living facility. These individ...
Increases in education security spending will benefit from a rebound in educational building construction expenditures Demand for security products and services in the education market is expected to rise 3.4 percent annually to $2.5 billion in 2020. Increases in education security spending will benefit from a rebound in educational building construction expenditures, as the most significant security upgrades tend to occur when new buildings are constructed or during large-sca...
Security services demand is projected to expand 4.2% per year through 2019 to $66.9 billion US demand for private contracted security services is projected to expand 4.2 percent per year through 2019 to $66.9 billion. Gains will be supported by the real and perceived risk of crime and by accelerating economic activity, particularly as new businesses form and create new users of security services. Revenues will benefit from a strong rebound in new nonresidential construction an...
The fastest gains will be in parts of Asia, Central and South America, Africa, and the Middle East World demand for security equipment will increase 6.8 percent annually to $126 billion in 2018. The fastest gains will be in parts of Asia, Central and South America, Africa, and the Middle East, where security markets are relatively underdeveloped and the intensity of security product use is low. In the US and Western Europe, an improved economic outlook and rebound in building...
