Residential security system develops secure and safe environment for the household that helps in improving the security environments for the complete area. The global residential security market is projected to become USD 63.4 billion by 2024 and is expected to witness a CAGR of 8.1% during the forecast period. It has been observed that increasing momentum of latest technologies such as IOT and excessive utilization of these systems are the major factors that are pertaining towards the growth of the global market. Furthermore, other factors that are driving the growth of market include swelling crime rates and less number of security workforces.
Technological advancement in fire extinguishers and sprinklers are another factor that is pertaining towards the growth of the residential security market. The growth of this market is attributed towards technological advancements that provide extensive application due to automatic spri
