Alarm monitoring services: A global strategic business report.
San Jose, CA (PRWEB) October 05, 2011
Follow us on LinkedIn - Over the years, the global alarm monitoring services industry has been garnering considerable business, driven by rising concerns about crime in society. Security systems are currently a vital component in the safety & security plans of homeowners and organizations across the globe. Incremental technology development induced rise in product sophistication and fall in prices have helped expand demand in the market. The market has also largely benefited from the growing frequency of terrorist attacks, and the resulting increases in government expenditures on public safety. With businesses prioritizing safety and security of physical assets, its opportunities galore in the market in the upcoming years. The growing realization of the fact that alarm monitoring system/services have a relatively faster and higher return on investment than employing manned guards also bodes well for the market. The growing trend among insurance companies to offer discounts on premiums for homeowners engaging the services of security service providers is forecast to further accelerate the rate of growth in the market. Sound security measures taken by companies especially, are helping businesses to overcome liability losses caused by theft, misappropriation of assets, or even fire breakout at workplace.
Security-related operational procedures such as crisis management planning, security awareness programs, facility access control, incident reporting, are helping expand demand for both electronic and mechanical/physical security products. Another key noteworthy trend in the making is the growing popularity of virtual alarm monitoring services wherein monitoring is carried out through the web/broadband Internet, and alarms dispatched over both the Internet or cellular networks accessible through a wide range of communication devices.
Despite the popular perception that ever-present safety & security needs and rising crime rates, which interestingly tend to escalate during periods of economic downturn, make security and safety products/services recession proof, the world market nevertheless registered a decline in sales and growth momentum during the year 2008-2009. The decline was largely the result of the collapse of the construction industry, especially the fall in construction starts. And since alarm systems are predominantly installed in new residential and commercial constructions, the lull in construction activity dampened the alarm monitoring systems market. However, given the length, breath and duration of the 2007-2009 recession, the decline witnessed in fact highlights the relative resilience of the alarm monitoring services market in comparison with other industries, which witnessed acute and prolonged erosion in growth.
Alarm Monitoring Services is expected to experience healthy growth in the upcoming years as is already evident by the resurgence in growth in the year 2010 for most markets across the globe. Expected recovery in the construction space by 2012 is expected to put the growth momentum back on track. Additionally, government support in the form of sponsored economic stimulus packages for construction industry, and Federal Reserve’s monetary easing program is also helping indirectly support demand for alarm monitoring solutions. Increased infrastructure spends, improvement in liquidity situation, softening of interest rates, and continued urbanization, will all help drive growth back into fore. In the post recession period, alarm dealers are expected to focus on niche markets within the security space in order to remain competitive. Demand for new burglar alarm panels will continue to accelerate, adding more value and convenience with advanced technologies such as touch screens, synergies with GSM communications (two-way voice, and data), as well as home automation capabilities.
As stated by the new market research report, Europe and United States accounted for a major share of the global Alarm Monitoring Services market. Although developed markets such as Europe and North America have been the traditional revenue contributors for the global alarm monitoring market, developing markets such as Asia-Pacific and Latin America and Middle East are expected to turbo-charge future growth in the upcoming years. By segment, Residential Intrusion & Fire Alarm Monitoring Services is the largest contributor to revenues. Residential intrusion & fire alarm is also forecast to be the fastest growing segment within the alarm monitoring market. Global market revenues for Non-Residential Alarm Monitoring Services are expected to surge at a CAGR of 5.9% over the analysis period.
Major players in the global marketplace include Ademco (Far East) Pte Ltd, ADT Security Services, Bay Alarm Company, Canadian Corps of Commissionaires, Central Security Patrols Co Ltd, G4S PLC, Global Security Solutions, Guardian Protection Services Inc, Honeywell International Inc, Monitronics International, Prosegur compania de Seguridad, Protection 1 Inc., Reliance Security Group, Secom Co. Ltd., Securitas AB, Securitas Direct AB, Siemens AG, Slomin's Inc, Sohgo Security Services Company Ltd, Stanley Convergent Security Solutions, UTC Fire & Security, Vector Security Inc., among others.
The research report titled “Alarm Monitoring Services: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections (US$ Millions) for major geographic markets including the United States, Canada, Japan, Europe, Asia-Pacific, Middle East/Africa and Latin America. Product segments analyzed include Residential Intrusion & Fire Alarm Monitoring Services, Non-Residential Intrusion & Fire Alarm Monitoring Services, and Others [Include Vehicular Alarm Monitoring Services and PERS (Personal Emergency Response Service) Monitoring].
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Alarm_Monitoring_Services_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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