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Alarm Monitoring - Global Strategic Business Report

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    Report

  • 733 Pages
  • October 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 1946762
The global market for Alarm Monitoring is estimated at US$48.5 Billion in 2023 and is projected to reach US$71.8 Billion by 2030, growing at a CAGR of 5.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the alarm monitoring market is driven by several factors, including technological innovations, rising security concerns, and regulatory requirements. Growth is driven by increasing need for security leading to greater adoption of automation security systems and surge in insurance policies for security applications. There is continuous increase in demand for both residential and commercial automation security systems, and the market is likely to grow as more high-tech security systems are made available and research and development initiatives receive greater funding for improving the features of the existing alarm monitoring systems. The increasing adoption of smart home technologies and IoT devices has expanded the market for integrated alarm monitoring systems that offer enhanced functionality and user convenience. Rising crime rates and the heightened awareness of the importance of security have also spurred demand for advanced monitoring solutions. Furthermore, regulatory mandates and insurance policies often require the installation of alarm monitoring systems in certain commercial and residential properties, further boosting market growth. The trend towards remote and mobile monitoring has made these systems more appealing to consumers, who value the ability to oversee their properties from anywhere in the world. Additionally, the development of cost-effective and scalable solutions has made alarm monitoring accessible to a broader audience, including small businesses and homeowners. These factors, combined with continuous technological advancements, are driving the expansion and evolution of the alarm monitoring market.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Alarm Monitoring Software, Services & Solutions segment, which is expected to reach US$45.6 Billion by 2030 with a CAGR of a 6.1%. The Alarm Monitoring Systems & Hardware segment is also set to grow at 5.1% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $18.6 Billion in 2023, and China, forecasted to grow at an impressive 7.9% CAGR to reach $8.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Alarm Monitoring Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Alarm Monitoring Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Alarm Monitoring Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as AT&T, Inc., ADT Security Services, Inc., Alarm.com Holdings, Inc., and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 270 Featured):

  • AT&T, Inc.
  • ADT Security Services, Inc.
  • Alarm.com Holdings, Inc.
  • Ademco (Far East) Pte., Ltd.
  • AFA Protective Systems, Inc.
  • Alarmco, Inc.
  • American Alarm & Communications, Inc.
  • AlertOne Services LLC
  • American Senior Safety Agency
  • Amherst Alarm, Inc.
  • Bay Alarm Medical
  • Alarm Grid
  • Alarm New England
  • AlarmClub.com
  • Aviva Life Insurance Company India Ltd.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • An Introduction to Alarm Monitoring
  • Central Station (Alarm Monitoring Center)
  • How Does Alarm Monitoring Work?
  • Technology in Use
  • Note on Alarm Monitoring Software
  • Alarm Monitoring - A Prelude
  • Global Market Prospects & Outlook
  • World Alarm Monitoring Market by Application (2023 & 2030): Percentage Breakdown of Revenues for Building Alarm Monitoring, Equipment Monitoring, Vehicle Alarm Monitoring, and Environmental Monitoring
  • North America: A Strong R&D Base for Alarm Monitoring
  • World Alarm Monitoring Market by Region (2023 & 2030): Percentage Breakdown of Revenues for Developed and Developing Regions
  • Developing Markets to Turbo Charge Future Growth in the Market
  • Global Alarm Monitoring Market: Geographic Regions Ranked by CAGR (Value) for 2023 & 2030: China, Asia-Pacific, Latin America, Middle East, Africa, USA, Canada, Europe, and Japan
  • Alarm Monitoring in Commercial Sector Gains Share
  • Attractive Discounts Attract Customers to Insurance Policies
  • Widespread Consumer Awareness: A Crucible for Success
  • False Alarms: Major Deterrent for Alarm Monitoring Systems Adoption
  • Competitive Scenario
  • Alarm Monitoring Lures IT and Telecom Companies
  • Recent Market Activity
  • Select Global Brands
  • Alarm Monitoring - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Growing Importance of Electronic Security Systems Creates Fertile Ground for Alarm Monitoring Market
  • Surge in Crime Rates Propels Uptake of Alarm Monitoring Solutions
  • Smart Homes & Home Automation Unveil New Opportunities
  • Global Smart Homes Market by Category in US$ Billion for the Years 2020 and 2023
  • Number of Smart Homes in Select Countries (in Thousands) for the Years 2015 & 2023
  • Remote Activation of Intelligent Home Alarm Systems
  • Cloud-Based Home Security Solutions Gain Demand
  • Security in Smart Cities Receives Undivided Focus
  • Number of Smart Cities Worldwide (2013-2023)
  • Burglar Alarms Market: Growing Need to Safeguard Assets and People Drives Growth
  • Burglar Alarm Systems Market Gains from Technological Advancements
  • Building Codes & Feature Rich Models Sustain Momentum in Fire Alarms Domain
  • A Review of Current Trends in the Fire Alarm Systems Market
  • Product Innovation Paves the Way for Advanced and Sophisticated Services
  • New Technologies Influence Design & Functioning of Alarm Systems
  • Modern Mobile Devices Augment Alarm Monitoring Ecosystem
  • Global Market for Smartphones in Billions: 2016-2023
  • Outdoor Alarms Facilitate Mobility
  • Wireless Alarm Monitoring Continues to Make Big Gains
  • PERS to Become an Integral Part of Aging-in-Place Solutions
  • Advanced Technologies to Foster PERS Adoption
  • mPERS Seeks Mainstream Role
  • Speech-Triggered Alarms: Simplify Usage
  • Reimbursement Scenario Calls for Attention
  • Alarm Management Dashboards Enable Quick and Easy Data Access
  • Remote Video Monitoring Services Grow in Demand
  • Trends in the Construction Industry Influence Market Uptake
  • World Construction Industry (in US$ Trillion) for the Years 2020, 2021 & 2023
  • Global Infrastructure Spending Estimates by Sector (2015-2030) (in US$ Trillion)
  • Urbanization Steers Momentum in the Alarm Monitoring Market
  • World Urban Population in Million and as Percentage of Total Population for the Period 1950-2050
  • Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1990, 2014 & 2050
  • Burgeoning Middle Class Population Spurs Market Growth
  • Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
  • Aging Population: The Fastest Growing Demographic
  • Global Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • Elderly Population (65+ Years) as a % of Total Population by Developed, Less Developed and Least Developed Regions: 2019 & 2030
  • False Alarms: A Challenge to Reckon With
  • Growing Competition from Substitute Technologies Niggle Prospects
  • High Costs Remain a Major Issue
  • Low Awareness Levels Hamper Uptake
  • Downward Pressure on Selling Prices Impacts the Market
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Alarm Monitoring by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 2: World Historic Review for Alarm Monitoring by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 3: World 16-Year Perspective for Alarm Monitoring by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Software, Services & Solutions by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 5: World Historic Review for Software, Services & Solutions by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 6: World 16-Year Perspective for Software, Services & Solutions by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Systems & Hardware by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 8: World Historic Review for Systems & Hardware by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 9: World 16-Year Perspective for Systems & Hardware by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Wired Telecommunication Network by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 11: World Historic Review for Wired Telecommunication Network by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 12: World 16-Year Perspective for Wired Telecommunication Network by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Cellular Wireless Network by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 14: World Historic Review for Cellular Wireless Network by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 15: World 16-Year Perspective for Cellular Wireless Network by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Wireless Radio Network by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 17: World Historic Review for Wireless Radio Network by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 18: World 16-Year Perspective for Wireless Radio Network by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for IP Network by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 20: World Historic Review for IP Network by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 21: World 16-Year Perspective for IP Network by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for Building Alarm Monitoring by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 23: World Historic Review for Building Alarm Monitoring by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 24: World 16-Year Perspective for Building Alarm Monitoring by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 25: World Recent Past, Current & Future Analysis for Equipment Monitoring by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 26: World Historic Review for Equipment Monitoring by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 27: World 16-Year Perspective for Equipment Monitoring by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 28: World Recent Past, Current & Future Analysis for Vehicle Alarm Monitoring by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 29: World Historic Review for Vehicle Alarm Monitoring by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 30: World 16-Year Perspective for Vehicle Alarm Monitoring by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 31: World Recent Past, Current & Future Analysis for Environmental Monitoring by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 32: World Historic Review for Environmental Monitoring by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 33: World 16-Year Perspective for Environmental Monitoring by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 34: World Alarm Monitoring Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Alarm Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • Market Overview
  • Residential Sector: Growing Use of Security Systems
  • US Electronic Security Systems Market by End-Use (2021E): Percentage Breakdown of Revenues for Residential and Non-Residential
  • High Priority for Fire Alarm Monitoring Systems
  • IP-based Home Monitoring Services: On the Rise
  • Integrated Remote Monitoring and Control to Replace Conventional One-Way Systems in Residential Security
  • Carbon Monoxide Alarm Installations Made Mandatory in California
  • Replacement of CO alarms in New York
  • US Commercial Monitoring Market
  • A Snapshot of American PERS Market Opportunity
  • Bright Future on the Cards
  • Aging Population: A Key Driving Factor
  • Population of the US (2010, 2030 & 2050): Percentage Breakdown by Age Groups - Under 18, 18-64 years & 65+ years
  • Rising Costs of Patient Falls to Drive Adoption of PERS
  • mPERS: Transforming Elderly Care Provision
  • Service Bundling: A Likely Trend in Future
  • Active Players in United States
  • Combating Challenges Posed by False Alarms against Security Systems Malfunction
  • Competitive Landscape
  • Leading Players in the US Security Market (2023): Percentage Breakdown of Revenues by Company
CANADA
  • Active Players in Canada
  • Construction Market: An Insight
JAPAN
  • Alarm Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
  • Market Overview
CHINA
  • Alarm Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
  • Brief Overview
EUROPE
  • Alarm Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Market Overview
  • Construction Industry in Europe: A Brief Review
  • PERS Market Bodes Healthy Prospects
FRANCE
  • Alarm Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
  • Alarm Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
ITALY
UNITED KINGDOM
  • Alarm Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Alarm Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
AUSTRALIA
  • Alarm Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIA
  • Alarm Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Alarm Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Alarm Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Alarm Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • AT&T, Inc.
  • ADT Security Services, Inc.
  • Alarm.com Holdings, Inc.
  • Ademco (Far East) Pte., Ltd.
  • AFA Protective Systems, Inc.
  • Alarmco, Inc.
  • American Alarm & Communications, Inc.
  • AlertOne Services LLC
  • American Senior Safety Agency
  • Amherst Alarm, Inc.
  • Bay Alarm Medical
  • Alarm Grid
  • Alarm New England
  • AlarmClub.com
  • Aviva Life Insurance Company India Ltd.

Table Information