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Some forecasts project the home security market as a whole will be worth $47 billion by 2020, [12] with the DIY home security market worth $1.5 billion. [13] While the market for home security is expanding, especially with cable TV and Internet service providers introducing their own security and home automation products, it is a fragmented ...
In 1999, Keith Nellesen and Todd Pedersen co-founded APX Alarm Security Solutions in Provo, Utah. [4] [5] At the time, the company sold and installed security systems. [4] APX Alarm Security Solutions rebranded as Vivint in February 2011. [4] [6] Vivint was acquired by The Blackstone Group in November 2012. [7]
Typically, there is a monthly fee for services rendered. Because quality and experience can vary greatly among alarm companies, prospective customers are well advised to do their own research before making a final choice. Not all alarm companies monitor the systems they install and may outsource these services to another company.
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A security alarm is a system designed to detect intrusions, such as unauthorized entry, into a building or other areas, such as a home or school. Security alarms protect against burglary ( theft ) or property damage , as well as against intruders.
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