Market Revenue Intruder Alarm Market Status and Prospect, Segment | Page 2

The only factor that is acting as a major hurdle in the growth of the intruder alarm market includes the soaring
price. Consumers are not willing to pay a monthly bill because the intrusion system does not lend any returns
on the investment, excluding the non-intrinsic value of being protected. Another restraining factor that is
turning a major challenge for the market includes consumer awareness. On the other hand, the manufacturers
are facing the complicated and restrictive nature of product certification.
The past scenario shows that the industry has been undergoing with many insecurities and uncertainties related
to the standards laid down by the authorities. As per the guidelines, the products need to be developed, tested
and certified. Consequently, the leading companies have been constantly facing the issues concerning soaring
costs and a sluggish route to intruder alarm market.
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Various norms and regulations are being imposed, due to which they are required to justify their compliance
against a wide range of national marks by re-testing and re-certifying their products through local test and
certification bodies, that is considered to be a highly costly and time consuming procedure. Intruder Alarm
Market size on the basis of geography spans North America, Asia Pacific, Europe, and Rest of the World.
As far as the geography is concerned, North America is currently leading the market and it is estimated that
North America will witness a steady growth in the near future. United States is the major contributor, the reason
being high level of awareness regarding the smart homes. The key players operating in the Intruder Alarm
Market include Virtual Service Inc, ESC, Convergint Technologies, SICK, SHIELDtech Inc., and SDS.
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