Enjoy complimentary customisation on priority with our Enterprise License!
The alarm monitoring market is projected to grow by USD 10.66 billion with a CAGR of 4.29% during the forecast period 2021 to 2026.
This alarm monitoring market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers alarm monitoring market segmentation by technology (wired telecommunication network, cellular wireless network, wireless radio network, and IP network) and geography (North America, Europe, APAC, the Middle East and Africa, and South America). The alarm monitoring market report also offers information on several market vendors, including Ademco Security Group Pte Ltd, ADT INC., Allegion Public Ltd. Co., Allied Universal, API Group Corp., Global Security Solutions WLL, Guardian Protection Services Inc., Honeywell International Inc., Johnson Controls International Plc, Monitronics International Inc., Prosegur Compania de Seguridad SA, Robert Bosch GmbH, Secom Co. Ltd., Securitas AB, Slomins Inc., Stanley Black and Decker Inc., Swann Communications Ltd, Vector Security Inc, and Vivint Smart Home Inc among others.
Download Report Sample to Unlock the Alarm Monitoring Market Size for the Forecast Period and Other Important Statistics
The increasing prevalence of crimes globally is notably driving the alarm monitoring market growth, although factors such as the rise in fraudulent and counterfeit alarm monitoring systems may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the alarm monitoring industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
The increasing prevalence of crimes globally is one of the key factors driving the global alarm monitoring market growth. According to new statistics from the Federal Bureau of Investigation (FBI), in 2020, the US witnessed its most significant recorded annual increase in murders, with the national murder rate rising by 30%, the biggest jump in six decades. Thus, the increase in the crime rate is encouraging individuals to seek products that track and ensure their safety and that of their families, including children. Such factors encourage people to purchase alarm monitoring systems, which, in turn, will drive the growth of the market during the forecast period.
An increase in product innovations is one of the key alarm monitoring market trends fueling the market growth. Vendors are developing new product innovations in terms of technology, product shape and design, and other factors. For instance, in 2019, ABB Ltd launched a new alarm stick, which is connected to the ABB-free@home system access point through a universal serial bus (USB). It uses a VdS 3515-certified detector protocol to communicate wirelessly to the detectors, which makes the integration process simple and easy. Thus, an increase in product innovation is a growing trend, which is expected to drive the growth of the market during the forecast period.
The rise in fraudulent and counterfeit alarm monitoring systems is one of the factors limiting the global alarm monitoring market growth. Several scammers and non-branded product manufacturers price their safety products low and offer attractive discounts to increase sales. Consumers opting for such products gradually end up in tragic situations due to the non-performance of fake safety products. Moreover, the battery life of fake and unbranded alarm monitoring systems is unpredictable, and they may break down in an emergency, leading to unfavorable outcomes. Therefore, the rising sale of fraudulent and counterfeit alarm monitoring systems will restrict the adoption of genuine alarm monitoring systems, thereby hindering the market's growth during the forecast period.
This alarm monitoring market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global alarm monitoring market as a part of the global electronic equipment and instruments market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the alarm monitoring market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the alarm monitoring market encompasses successful business strategies deployed by key vendors. The alarm monitoring market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The report alarm monitoring market contains a comprehensive market knowledge and in-depth vendor landscape added to an analysis of the key vendors.
Our report provides extensive information on the value chain analysis for the alarm monitoring market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
For more insights on the market share of various regions Request PDF Sample now!
38% of the market’s growth will originate from North America during the forecast period. The US is the key market for the alarm monitoring market in North America. Market growth in this region will be slower than the growth of the market in Europe and APAC.
The early adoption of advanced technologies will facilitate the alarm monitoring market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
COVID-19 negatively impacted the regional market growth. However, the initiation of vaccination drives led to the resumption of operations at manufacturing facilities for alarm monitoring systems in 2021. Thus, the market is expected to grow during the forecast period.
To gain further insights on the market contribution of various segments Request a PDF Sample
The alarm monitoring market share growth by the wired telecommunication network segment will be significant during the forecast period. Wired alarm systems are generally considered to be slightly more reliable than wireless systems. The reason is that as every part of the system is physically connected, there is almost no chance of interference. Though the wireless network segment is gaining attraction globally, wired telecommunication networks will continue to hold a significant share in developing countries, which will drive the growth of the market during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the alarm monitoring the market size and actionable market insights on the post-COVID-19 impact on each segment.
|
Alarm Monitoring Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2021 |
|
Forecast period |
2022-2026 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 4.29% |
|
Market growth 2022-2026 |
USD10.66 billion |
|
Market structure |
Fragmented |
|
YoY growth (%) |
3.52 |
|
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
|
Performing market contribution |
North America at 38% |
|
Key consumer countries |
US, China, Japan, Germany, and UK |
|
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
|
Key companies profiled |
Ademco Security Group Pte Ltd, ADT INC., Allegion Public Ltd. Co., Allied Universal, API Group Corp., Global Security Solutions WLL, Guardian Protection Services Inc., Honeywell International Inc., Johnson Controls International Plc, Monitronics International Inc., Prosegur Compania de Seguridad SA, Robert Bosch GmbH, Secom Co. Ltd., Securitas AB, Slomins Inc., Stanley Black and Decker Inc., Swann Communications Ltd, Vector Security Inc, and Vivint Smart Home Inc |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Technology
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Certified ISO 9001 : 2015
We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.
We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.
Get lifetime access to our
Technavio Insights
Customized Report as per your Business Needs
Let us help you make report more suited to your requirements.
Get the report (PDF) sent to your email within minutes.
