ASSA ABLOY announced the acquisition of MR Group in Portugal. The hardware division of MR Group will be acquired by the company to expand its regional footprint.
Rockwell Automation, Inc. along with Dragos and Dragos, Inc. and a new Cybersecurity Operations Center planned to increase its cybersecurity offering for operational technology (OT) and information technology (IT) by emphasizing threat intelligence and incident response services, which will further accelerate customers' ability to identify and address cybersecurity threats.
Author Credits: Abhishek Verma, Hetal Singh
Report ID: 3531
Published Date: Feb 02, 2024
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The rapidly growing population across the globe and the growing advancements in sensor technology are the major factors driving the growth of the market.
The market size of home security sensors is anticipated to attain a CAGR of 9% over the forecast period, i.e., 2024-2036.
The major players in the market are OMRON Corporation, Honeywell International Inc., LiveWatch Security, LLC, Frontpoint Security Solutions, LLC., Vivint, Inc., Bosch Service Solutions GmbH, ASSA ABLOY, and others.
The software segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.