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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
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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