Global Alarm Monitoring Strategic Markets Report 2023: A $71.8 Billion Market by 2030 from $46.2 Billion in 2022 - Smart Homes & Home Automation Unveil New Opportunities

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Global Market for Alarm Monitoring

Global Market for Alarm Monitoring

Dublin, Feb. 24, 2023 (GLOBE NEWSWIRE) -- The "Alarm Monitoring: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Alarm Monitoring Market to Reach $71.8 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Alarm Monitoring estimated at US$46.2 Billion in the year 2022, is projected to reach a revised size of US$71.8 Billion by 2030, growing at a CAGR of 5.7% over the analysis period 2022-2030.

Software, Services & Solutions, one of the segments analyzed in the report, is projected to record 6% CAGR and reach US$45.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Systems & Hardware segment is readjusted to a revised 5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $17.8 Billion, While China is Forecast to Grow at 7.8% CAGR

The Alarm Monitoring market in the U.S. is estimated at US$17.8 Billion in the year 2022. 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 7.8% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 5.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.

What`s New for 2023?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.

• Global competitiveness and key competitor percentage market shares

• Market presence across multiple geographies - Strong/Active/Niche/Trivial

• Online interactive peer-to-peer collaborative bespoke updates

• Access to digital archives and Research Platform

• Complimentary updates for one year

Key Metrics

Report Attribute	Details
No. of Pages	733
Forecast Period	2022 - 2030
Estimated Market Value (USD) in 2022	$46.2 Billion
Forecasted Market Value (USD) by 2030	$71.8 Billion
Compound Annual Growth Rate	5.7%
Regions Covered	Global

Key Topics Covered:

MARKET OVERVIEW

• Impact of COVID-19 and a Looming Global Recession

• COVID-19 Pandemic Drives Down Demand for Security Solutions and Alarm Monitoring Business

• 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

• North America: A Strong R&D Base for Alarm Monitoring

• Developing Markets to Turbo Charge Future Growth in the Market

• 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 2022 (E)

• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

FOCUS ON SELECT PLAYERS (Total 270 Featured)

• ADT

• ABB

• AT&T

• Bosch

• Comcast

• Engineered Protection Systems

• G4s

• Honeywell

• Johnson Controls

• Prosegur

• Schneider

• Sector Alarm

• Securitas

• Slomin's

• Stanley Security

• Trigion

• UTC (Chubb)

• Vector Security

• Vivint

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

• Remote Activation of Intelligent Home Alarm Systems

• Cloud-Based Home Security Solutions Gain Demand

• Security in Smart Cities Receives Undivided Focus

• 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

• 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

• Urbanization Steers Momentum in the Alarm Monitoring Market

• Burgeoning Middle Class Population Spurs Market Growth

• Aging Population: The Fastest Growing Demographic

• 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

For more information about this report visit https://www.researchandmarkets.com/r/5pucw1

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• Global Market for Alarm Monitoring

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