Alarm Monitoring Services: A Global Strategic Business Report
San Jose, California (Vocus/PRWEB) January 03, 2011
Security systems are fast becoming lifestyle products for the consumers, thus opening new high-end market for the manufacturers and service providers. Manufacturers of security devices, distributors and dealers across the globe adopted novel technologies and services as a measure to offset the slump in the home construction industry. Novel technological innovations are steering growth in the burglar alarm sector. Companies offering various novel and unique products as well as services are garnering considerable business in the burglar alarm market. Consumers are increasingly demanding alarm monitoring companies for the management of the administrative functions of CCTVs, alarm systems and access controls. GSM technology that comes with various advanced features such as remote control systems from the web-enabled instruments is fast replacing the traditional analog alarm radios. The GSM technology enables the homeowners to arm or disarm their security devices and receive an automatic notification of all the non-critical issues/events through a text message or through an e-mail on their PDAs or mobile phones.
Alarm security services market garnered considerable business until 2007, despite the credit crunch and slowdown in the construction sector. The intrusion market expanded from conventional alarms, motion sensors and glass break detectors to high-end technological security systems. However, the economic recession coupled with the slow down in the housing sector derailed the momentum in the global home security market during the period 2008-2009. The market witnessed a drop in demand for houses, which negatively impacted home intrusion market. Slowdown in the housing sector took severe toll on various security alarm companies catering to the homeland customers and compelled several manufacturers to close down operations. While housing sector witnessed gloomy business scenario, the rate of home as well as business break-ins increased at a considerable pace. This offered a whole new segment of consumers to the alarm companies, post recession. Gradual revival of the housing sector and growing customer awareness about the need to install a cost-effective and efficient home security system is likely to fuel demand for alarm monitoring services in the near future. Moreover, increased investment by government entities in various home security products as well as services would provide further impetus for growth of homeland security services.
Europe represents the largest region for alarm monitoring services worldwide, as stated by the new market research report on Alarm Monitoring Services. European alarm monitoring services market is likely to continue its dominance over the coming years. The US constitutes other prominent market for alarm monitoring services. However, fastest growth is likely to emanate from the emerging markets, including Asia-Pacific, Latin America, and Middle East/South Africa. Growth-wise, Asia-Pacific is portended to be the fastest growing regional market for alarm monitoring services, with a CAGR of more than 8.0% over the analysis period. Residential Intrusion and Fire constitutes the largest end-use market for alarm monitoring services worldwide. Non-residential alarm monitoring services represents the fastest growing segment for alarm monitoring services.
Major players profiled in the report include ADT Security Services, Canadian Corps of Commissionaires, Central Security Patrols Co. Ltd., Chubb Fire Limited, G4S PLC, Global Security Solutions, Guardian Protection Services Inc., Niscayah Group AB, Protection One Inc., Reliance Security Group, Secom Co. Ltd., Securitas AB, Siemens AG, Slomin's Inc., 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 the markets, impact of recession on the markets, current market trends, key growth drivers, recent industry activity, and profiles of major/niche global as well as regional market participants. The report provides annual revenue estimates and projections for Alarm Monitoring Services market for the years 2007 through 2015 for the following geographic markets - US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Middle East/South Africa. Key end-use segments analyzed include Residential Intrusion & Fire, Non-Residential, and Others [Include Vehicular Alarm Monitoring Services and PERS (Personal Emergency Response Service) Monitoring]. Also, a seven-year (2000-2006) historic analysis is provided for additional perspective.
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 reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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