Monitored Alarm Systems in Europe and North America Reached 46 Million by 2018
August 30, 2019 | Berg InsightEstimated reading time: 2 minutes
Berg Insight has released new findings about the market for connected security applications. The number of monitored alarm systems in Europe is forecasted to grow from 15.6 million in 2018 at a compound annual growth rate (CAGR) of 3.6% to reach 18.6 million in 2023. In North America, the number of monitored alarm systems is forecasted to grow at a CAGR of 2.9% from 30.7 million at the end of 2018 to 35.4 million at the end of 2023. Small alarm systems for businesses and private homes can be divided into two main categories – local alarms and monitored alarms. The simplest type of local alarm only reacts to activation by emitting an alarm sound to alert the surroundings and scare off intruders. A more advanced type of local alarm is a self-monitoring alarm. Monitored alarms are connected to an Alarm Receiving Centre (ARC) that can respond to an activated alarm by contacting the police or dispatching a security patrol.
ADT is the leading provider of monitored alarm systems in North America. Vivint and Comcast are other players with well over a million monitored alarms. SimpliSafe and Brinks Home Security (Monitronics) are two other major actors on the very fragmented North American market. Verisure is the leading player on the European market, with monitored alarms in a dozen countries. The second largest player on the European market for residential home security systems is Sector Alarm which has strengthened its position in Norway and Sweden through several acquisitions. Securitas and G4S are both sizeable players, especially in the northern part of Europe. In the southern part of Europe, Prosegur and EPS are two dominant players. United Technologies Corporation, Stanley Black & Decker and Johnson Controls (acquired Tyco in 2016) are also important players active in both Europe and North America.
There is still a significant growth potential for monitored small alarm systems, especially in Europe where the total penetration reached only 6.4% of all businesses and households at the end of 2018. “The penetration of monitored alarm systems in North America is much higher than in Europe and the corresponding figure in this region was 23.0% at the end of 2018”, says Martin Backman, IoT Analyst at Berg Insight. The traditional home alarm service providers are facing increasing competition from telcos, home automation companies and DIY security providers, which brings new innovative offerings to the market. “Alarm systems are becoming more valuable for customers as the scope of offerings are being expanded to include detection of fire, carbon monoxide and water leaks, as well as home automation features such as smart plugs, locks, cameras, lighting and thermostat control”, concludes Backman.
About Berg Insight
Berg Insight is a dedicated M2M/IoT market research firm based in Sweden. We have been specialising in all major M2M/IoT verticals such as fleet management, car telematics, smart metering, smart homes, mHealth and industrial M2M since 2004. Our vision is to be the most valuable source of intelligence for our customers. Berg Insight offers numerous market reports, detailed market forecast databases and advisory services. We provide custom research tailored to your requirements including focussed research papers, business case analysis, go-to-market strategies and bespoke market forecasting. We have provided analytical services to 1000 clients in 72 countries on six continents to date. Our customers range from many of the world’s largest mobile operators, IT companies and telecom vendors, to venture capitalists, technology start-ups and specialist consultants.
Suggested Items
Amphenol Reports Q1 2024 Results, Announces New Stock Repurchase Program
04/26/2024 | BUSINESS WIREAmphenol Corporation reported first quarter 2024 results. In addition, the Company is announcing a new three-year, $2 billion stock repurchase program.
Chinese Smartphone Market Maintains its Recovery Momentum at 6.5% Growth in 1Q24,
04/26/2024 | IDCAccording to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker, China smartphone shipments grew 6.5% year over year (YoY) to 69.3 million units in 1Q24.
Nanotechnology Market to Surpass $53.51 Billion by 2031
04/25/2024 | PRNewswireSkyQuest projects that the nanotechnology market will attain a value of USD 53.51 billion by 2031, with a CAGR of 36.4% over the forecast period (2024-2031).
Technica USA Presents Inaugural Supplier Alliance Award at IPC APEX EXPO 2024
04/24/2024 | Technica USADuring IPC APEX EXPO 2024, Technica USA took the opportunity to thank all of their supply partners that made the effort to join them for the exhibition in their booth, as well to all of our SMT partners that had their own booths, with the latest in automation and process technology.
IDTechEx Report Unveils 3D Electronics Status and Opportunities
04/22/2024 | PRNewswire3D electronics is an emerging manufacturing approach that enables electronics to be integrated within or onto the surface of objects. 3D electronic manufacturing techniques empower new features, including mass customizability, greater integration, and improved sustainability in the electronics industry.