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OverviewAPI
The home and small business security system market is projected to grow at a 6.8% compound annual growth rate, driven by cellular connectivity and the rise of wireless IoT solutions. North America has a 22.5% penetration rate, with an estimated 34.8 million active monitored alarm systems in 2022. Europe also displays growth potential, particularly in the residential segment, and the influence of interactive security services and smart home products on the home security market.

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