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Alarm Monitoring - Global Strategic Business Report

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    Report

  • 733 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 1946762

Global Alarm Monitoring Market to Reach $71.8 Billion by 2030

The global market for Alarm Monitoring estimated at US$48.5 Billion in the year 2023, is projected to reach a revised size of US$71.8 Billion by 2030, growing at a CAGR of 5% over the analysis period 2023-2030.

Alarm Monitoring Software, Services & Solutions, one of the segments analyzed in the report, is projected to record 5.4% CAGR and reach US$45.6 Billion by the end of the analysis period. Growth in the Alarm Monitoring Systems & Hardware segment is estimated at 4.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $18.6 Billion, While China is Forecast to Grow at 6.9% CAGR

The Alarm Monitoring market in the U.S. is estimated at US$18.6 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$8.6 Billion by the year 2030 trailing a CAGR of 6.9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 4.8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.

Exciting New Report Features

  • Full access to influencer engagement stats
  • Free access to digital archives & research platform. The proprietary platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. The state-of-art tools bring world class market perspectives while protecting participants` privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.
  • Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilities
  • Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas
  • Complimentary report updates for one year
  • Competitor coverage with global market shares of major players
  • Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
  • Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes

What to Expect from the Global Economy in 2024

Edgy geopolitics, and economic instability caused by monetary policy tightening and ensuing higher interest rates will create a tumultuous landscape for 2024. Several factors will continue to exert pressure on the path to recovery including hostilities in the Middle East and increasingly common climate disasters. Among the risks, several positives are also taking shape such as growing signs of disinflation and easing of anxiety over stubborn inflation, supply chain normalization and price moderation despite volatility in energy costs. Elections across several G21 jurisdictions, notably in India and the United States, will have potential ramifications for capital flows and investment strategies. While India emerges as a compelling destination in the global investment landscape, U.S, based tech firms will continue to dominate, fueled by a dynamic ecosystem of talent and capital. Tech opportunities in Silicon Valley and beyond remain attractive for investors seeking high-growth prospects supported largely by a resilient albeit slowing domestic economy and conducive regulatory environment. Europe will continue to battle tight monetary policy and recession risks with U.K. having the most challenging outlook and running the greatest risk of recession in 2024. China remains a wild card with hope for growth in the country underpinned by government spending and improvements in consumer spending. The volatile environment will offer both opportunities and challenges for investors and businesses alike. Embracing volatility as a catalyst for growth together with agility and strategic foresight in navigating investment decisions will remain important for survival.

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 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (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)
  • Number of Smart Cities Worldwide by Geographic Region (2025)
  • 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
  • Smartphone Penetration Rate as Share of Total Population: 2016-2021
  • World Tablet PCs Market: Breakdown of Annual Volume Sales (in Million Units) for the Years 2013, 2018 & 2019
  • 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