How Has The Alarm Monitoring Market Flourished In Recent Years?
The Alarm Monitoring Market has seen remarkable growth in the past few years, fueled by an increasing need for security solutions in multiple sectors.
• In 2024, the market size was $59.46 billion and by 2025, it rose to $63.09 billion, at a noteworthy CAGR of 6.1%.
Factors such as rising crime rates, the adoption of home security systems, increased awareness of fire safety, and growth in commercial and residential infrastructure have been established as key drivers behind this notable growth.
What Are The Projections For The Alarm Monitoring Market By 2029?
The alarm monitoring market is poised for further expansion in the coming years.
• The market size is estimated to hit $82.67 billion by 2029 with a CAGR of 7.0%.
This swift growth can be attributed to the development of advanced video analytics, increased focus on cybersecurity in alarm systems, the adoption of 5G technology for speedy and reliable monitoring, rising urbanization, and escalating homelessness. Expected trends for this period include advances in sensor technologies, the emergence of mobile-based alarm monitoring applications, shift towards cloud-based alarm monitoring solutions and collaborations between alarm monitoring companies and law enforcement agencies for expedited response times.
What Factors Are Driving The Alarm Monitoring Market's Growth?
The increasing awareness of home security is expected to drive the growth of the alarm monitoring market going forward. The rise in the number of thefts and burglaries has heightened awareness among households and commercial spaces about the significance of security. For instance, in May 2023, SafeWise, a US-based home security company, reported that 27% of Americans experienced property crime in 2021 and 50% perceived that property crime could occur to them. This heightened awareness stimulates demand in the alarm monitoring market.
What Is The Segmentation Of The Alarm Monitoring Market?
The alarm monitoring market covered in the report is segmented as follows:
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
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What Are The Emerging Trends In The Alarm Monitoring Market?
Key trends in the alarm monitoring market include product innovations. Companies have focused on developing technologically advanced products to consolidate their market position. For instance, Optex, a Japan-based company specializing in manufacturing high-performance sensing technologies, introduced GENIO Map Cloud in 2022. This platform is among the first real-time cloud-based burglar alarm monitoring solutions designed to provide affordability and a range of features to consumers.
Who Are The Key Players In The Alarm Monitoring Market?
Key participants 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
What Is The Leading Region In The Alarm Monitoring Market?
In 2024, North America held the largest share in the alarm monitoring market. The market report covers the following regions: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
