Press release
Alarm Monitoring Market Poised to Hit $81.58 Billion by 2029 with Accelerating Growth Trends
Alarm Monitoring Market
Alarm Monitoring Market Size Growth Forecast: What to Expect by 2025?
In recent years, the alarm monitoring market has experienced robust growth. The market is projected to expand from $59.46 billion in 2024 to $62.63 billion in 2025, with a compound annual growth rate (CAGR) of 5.3%. This growth during the historical period can be traced back to factors such as an uptick in crime rates, the adoption of home security systems, heightened fire safety awareness, development in residential and commercial infrastructure, and a surge in demand for electronic security systems.
How Will the Alarm Monitoring Market Size Evolve and Grow by 2029?
The market for alarm monitoring is anticipated to witness substantial expansion in the coming years, surging to a value of $81.58 billion by 2029 with a CAGR of 6.8%. This robust growth during the projected timeline can be credited to the evolution of advanced video analysis, strengthened emphasis on alarm systems' cybersecurity, the use of 5g technology for improved and reliable surveillance, escalating urbanization, and an increase in homelessness. The forecast period will be characterized by significant trends such as advancements in sensor technologies, the rise of mobile-centric alarm monitoring apps, a shift toward cloud-based alarm monitoring solutions, merging of alarm systems with home automation, and partnerships between alarm monitoring firms and law enforcement agencies for prompt response times.
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What Drivers Are Propelling the Growth of Alarm Monitoring Market Forward?
The growth of the alarm monitoring market is anticipated to be propelled by the growing consciousness of home security. The escalating number of theft and burglary cases has resulted in heightened vigilance towards home safety measures among both residential and commercial spaces. Alarm monitoring presents an efficient conduit for in-depth communication between the home security system and the central station of the security provider. For instance, a report from SafeWise, a US-based home security firm, revealed in May 2023 that in 2021, 27% of Americans had personally experienced property crime and half of them felt susceptible to such crimes. Consequently, the rising awareness about home security is fueling the demand in the alarm monitoring market.
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Which Emerging Trends Are Transforming the Alarm Monitoring Market in 2025?
Product innovation has emerged as a significant trend influencing the alarm monitoring market. Key industry players in the market are concentrating on the invention of highly advanced products as a method of solidifying their market standing. For instance, in 2022, Optex, a specialist manufacturing company from Japan, known for its high-performance sensing technologies, launched the GENIO Map Cloud, the first-ever cloud-based real-time burglar alarm monitoring system. This affordable and feature-rich platform is aimed at the consumer market. The GENIO Map Cloud solution streamlines the security operations of small to medium-scale operations such as gated communities, factories, and warehouses. With the abolishment of the requirement for setting up or maintaining costly and complicated networking systems, the novel GENIO Map Cloud alarm monitoring software can be accessed remotely via an internet connection and web browser.
What Are the Key Segments in the Alarm Monitoring Market?
The alarm monitoringmarket covered in this report is segmented -
1) By Offering: Hardware, Software, Services
2) By Communication Technology: Wired Telecommunication Network, Cellular Wireless Network, Wireless Radio Network, IP Network
3) By Input Signal: Analog Signal, Discrete Signal, Protocol Signal
4) By Application: Equipment Monitoring, Vehicle Alarm Monitoring, Building Alarm Monitoring, Environment Monitoring
Subsegments:
1) By Hardware: Alarm Panels, Sensors, Control Keypads, Sirens And Strobe Lights, Video Cameras
2) By Software: Alarm Management Software, Monitoring Software, Mobile Applications, Reporting And Analytics Tools, Integration Software
3) By Services: Monitoring Services, Installation Services, Maintenance and Support Services, Consulting Services, Training Services
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Who Are the Key Players Shaping the Alarm Monitoring Market's Competitive Landscape?
Major companies operating in the alarm monitoring market include ADT security services, ABB Ltd., Ademco Pte Ltd., AT&T Inc., Chubb Community Care Ltd., Comcast Corporation, CPI Security System Inc., Diebold Nixdorf Inc., Engineered Protection Systems Inc., FrontPoint Security Solutions LLC, G4S plc, Global Security Solutions, Guardian Protection Services Inc., Honeywell International Inc., Johnson Controls International plc, Robert Bosch GmbH, Rockwell Automation Inc., Samsung Electronics Co. Ltd., Schneider Electric, Secom Co. Ltd., Sector Alarm AS, Securitas AB, Siemens AG, Simplisafe Inc., Slomin's Inc., Stanley Black & Decker Inc., Trigion Security Services Ltd., Tyco International plc, United Technologies Corporation, Vector Security Inc., Vivint Smart Home Inc.
What Geographic Markets Are Powering Growth in the Alarm Monitoring Market?
North America was the largest region in the alarm monitoring market share in 2024. The regions covered in the alarm monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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