State of the Market Series

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Explore key drivers behind the North American fire protection systems market growth, regulatory requirements, technological advancements and new communication solutions.

Industry insiders from leading companies elucidate how smart home integration and shifting consumer preferences are driving growth and future trends in the residential security market.

Gain insights into the forward momentum of the access control industry, fueled by technological advancements, market demand, and evolving security requirements.

A dynamic landscape marked by the rising application of AI and its subsets is fostering advanced analytics and real-time monitoring, while the concurrent adoption of cloud-based solutions and edge computing underscores a shift toward scalable infrastructures.

After finishing 2022 with a respectable recovery from pandemic upheaval, the fire alarm industry is expected to carry strong momentum through this year and beyond.

As the security and smart home market continues to evolve at a rapid pace, the convergence of technology and security has sparked a surge in innovative products and services, each promising enhanced safety, convenience and peace of mind.

According to SDM’s 2023 Industry Forecast, more than 1 in 2 (56 percent) security professionals expect revenue from access control systems (on-premise and cloud-based) to increase in 2023, marking a healthy 10-point jump from the previous year.

Despite continuing battles with the supply chain, spiking inflation and other obstacles, the video sector remains on a robust, upward trajectory. 

Although the industry remains subject to supply chain disruption, a precarious labor shortage and other headwinds, multiple growth factors are creating a lot of overall positivity across the fire alarm systems marketplace. 

Customer demand for smart home security systems grew during the pandemic, and with more integrated conveniences available than ever before, shows no sign of slowing down.