The European residential security market has the potential of its future looking brighter. It seems the wireless and other technologies have been escalating in market growth thanks to IP technology and video surveillance.
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Presently, manufacturing and Security Companies are seeing the advantages of wireless and are using the technology. Voice and messaging, hand held and internet-enabled device, along with data networking have become an integral part of everyday life. Frost & Sullivan, a global consulting company, estimates that the European Residential Security Market was worth EUR1.6 billion in 2005 with the potential of reaching EUR2 billion by 2012.
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By Eric Raby