In April 2019, Securitas, one of the leading players in electronic alarms market, acquired ‘Staysafe’ an Australian-based alarm monitoring company, to strengthen its client value proposition in the security market of Australia.Electronic Alarms Market – Notable Developments An increase in home automation, especially in smart cities, along with surging demand for smart alarm systems to make buildings safe for tenants, employees, customers, and other had led to the development of electronic alarms market. In addition, the electronic alarms are broadly utilized within corporate work places, shopping centers, commercial places, and others. These alarms are designed for fire indication and to detect intrusion or unauthorized entry into buildings or other areas. Moreover, growing adoption of electronic systems or equipment that could perform security operations to keep homes and business safe has been largely influencing the demand for electronic alarms. Electronic alarms are emerging as beneficial and reliable options in the security space for both residences and businesses. Alarm systems for a wide array of applications have been undergoing significant transformations in the recent years, on the account of technological advancements as well as varying consumer needs.

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