In France, the security systems market is expected to reach 3.7 billion euros by 2023. The total security sector is estimated at between 7 and 8 billion euros. The alarm and video surveillance market includes alarm sirens, video cameras, sensors and detectors for homes, businesses and public institutions. It is driven by the adoption of advanced technologies such as IP cameras. Worldwide, the market exceeds $125 billion, with annual growth rates of 10% for video surveillance and 5% for alarms. The residential segment offers huge potential, given current low penetration rates, while business customers are mainly looking to rejuvenate existing systems. Burglaries are capped at around 230,000 a year. Regulations govern the use of these systems, including strict decibel limits for external alarms, a ban on unauthorized filming of public thoroughfares, and image retention periods. Key players in the alarm and video surveillance market Verisure: Specialized in the installation and maintenanc
