Europe and Latin America Alarm monitoring Market Outlook – 2030
Europe and Latin America alarm monitoring market was valued at $7.34 billion in 2020, and is projected to reach $21.66 billion by 2030, registering a CAGR of 11.5% from 2021 to 2030.
Alarm monitoring system is an enhanced and detailed communication solution designed to connect home or building security system with the central station of user’s security provider. Furthermore, the central station is intended to register the emergency event and notify appropriate authorities to act. Alarm monitoring control panel is a hub of a sensor network that includes window or door sensors, tamper sensors on the telephone box, flood sensors, smoke detectors, motion detectors, and temperature monitors. In addition, monitored alarm system offers additional features such as immediate alerts, which do not require a confirmation call, or silent alarms.
Alarm monitoring has revolutionized the residential, commercial, and industrial sectors by offering enhanced and cost-saving asset monitoring solutions. In addition, rise in utilization of motion sensors and smoke detector solutions to help prime organizations for 24-hour care of buildings and their essential equipment is expected to fuel the monitored alarm system growth in the coming years.
By Offering
System & Hardware segment influence the market in 2020, and expected to follow the same in future.
The Europe and Latin America alarm monitoring market opportunity is expected to witness notable growth during the forecast period, owing to attractive insurance policy discounts for installing security systems. Furthermore, rise in popularity of smart homes and home automation systems has driven the growth of the market. Moreover, increase in utilization of smartphones and handheld-based security system is expected to propel the Europe and Latin America alarm monitoring market growth during the forecast period.
By Technology
Wired Telecommunication Network segment hold domination position in 2020.
However, rise in incidence of false alarm is one of the prime factors restraining the market growth. On the contrary, increase in use of DIY home security systems is expected to provide lucrative opportunities for the growth of the Europe and Latin America alarm monitoring market size during the forecast period.
The outbreak of COVID-19 has significantly affected the growth of the alarm monitoring market in 2020, however, the market witness relatively high growth in 2021, owing to rise in demand for home automation solution. Conversely, the market was principally hit by several obstacles created amid the COVID-19 pandemic such as lack of skilled workforce availability and delay or cancelation of projects owing to partial or complete lockdown globally. In contrast, surge in adoption of Internet of Things (IoT)-based smart home security applications across residential, commercial, and healthcare sectors is expected to drive the Europe and Latin America alarm monitoring market growth during the forecast period.
By Input Signal
Analog Signal segment generated the highest revenue in 2020.
The Europe and Latin America alarm monitoring market forecast is segmented into offering, technology, input signal, component, and application. On the basis of offering, the market is bifurcated into system & hardware and software, services, & solutions. The system & hardware segment dominated the market, in terms of revenue, in 2020, and is expected to follow the same trend during the forecast period. By technology, the market is segregated into wired telecommunication network, IP Network, and others.
The wired telecommunication network segment was the highest revenue contributor in 2020, and is anticipated to garner significant market share during the forecast period. Depending on input signal, the market is fragmented into analog signal, discrete signal, and protocol signal. The analog signal segment led the market, in terms of revenue, in 2020, and is expected to follow the same trend during the forecast period. As per component, the market is differentiated into remote terminal unit, motion detection sensor, and others.
By Component
Others segment generated the highest revenue in 2020 and is expected to dominate the market in coming years
The remote terminal unit segment witnessed the highest growth in 2020, however, the other segment is anticipated to drive the market growth in coming years. By application, the market is categorized into vehicle alarm monitoring, building alarm monitoring, and others. The building alarm monitoring segment acquired the largest share in 2020, and is expected to grow at a high CAGR from 2021 to 2030.
By Application
Building Alarm Monitoring segment dominated the market in 2020.
Top Impacting Factors
Significant factors that impact the growth of the Europe and Latin America alarm monitoring industry include rise in popularity of smart homes & home automation systems, surge in utilization of smartphones-based security system, and attractive insurance policy discounts for installing security systems. In addition, increase in incidence of false alarm acts as a prime barrier for early adoption affect the market growth. Moreover, surge in demand for DIY home security systems influences the market growth. However, each of these factors is expected to have a definite impact on the growth of the Europe and Latin America alarm monitoring market during the forecast period.
Competition Analysis
Competitive analysis and profiles of the major Europe and Latin America alarm monitoring market players, such as ABB Ltd., Siemens AG, Diebold Inc., Schneider Electric SE, Honeywell International, Vivint Inc., Johnson Controls, Bosch Rexroth AG, ADT Corporation, and Vector Security are provided in this report.
By Region
Europe segment garner significant market share in 2020.
Key Benefits for Stakeholders
- This study comprises analytical depiction of the Europe and Latin America alarm monitoring market size along with the current trends and future estimations to depict the imminent investment pockets.
- The overall Europe and Latin America alarm monitoring market analysis is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current Europe and Latin America alarm monitoring market share forecast is quantitatively analyzed from 2021 to 2030 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the smart display.
- The report includes the market share of key vendors and Europe and Latin America alarm monitoring market trends.
Europe and Latin America Alarm monitoring Market Report Highlights
| Aspects | Details |
 By OFFERING |
|
 By TECHNOLOGY |
|
 By INPUT SIGNAL |
|
 By COMPONENT |
|
 By APPLICATION |
|
 By Region |
|
 Key Market Players | HONEYWELL INTERNATIONAL INC., VIVINT, INC., ADT CORPORATION, ABB GROUP, JOHNSON CONTROLS, VECTOR SECURITY, DIEBOLD NIXDORF, INC., BOSCH REXROTH AG, SIEMENS AG, SCHNEIDER ELECTRIC SE |
Analyst Review
Alarm monitoring solution is an enhanced 24/7 advanced monitoring solution, which enables users to monitor their equipment and assets in real time. The alarm monitoring system is designed to send signals to a control panel that will alert central station monitoring people, who will call to tell and determine whether it is a true emergency or a false alarm. In addition, next-generation security systems offer immediate alarms, which do not require a confirmation call. Moreover, rise in demand for next-generation Internet of Things (IoT) and Industry 4.0-based solutions is expected to offer profitable opportunities for the alarms monitoring market.
The Europe and Latin America alarm monitoring market is highly competitive, owing to the strong presence of existing vendors. Alarm monitoring vendors in Europe and Latin America, who have access to extensive technical and financial resources, are anticipated to gain a competitive edge over their rivals, as they have the capacity to cater to the market requirements. The competitive environment in this market is expected to further intensify with technological innovations, product extensions, and different strategies adopted by key vendors.
Surge in demand for home automation solution across residential and commercial sectors is driving the need to enhance alarm monitoring solutions, such as remote terminal unit. Moreover, the prime economics such as the UK, Brazil, Germany, and Italy plan to develop and deploy next-generation Europe and Latin America alarm monitoring solutions across various sectors. For instance, on May 6, 2021, Essence Group, a leading provider of IoT solutions for the global security and care markets, announced the launch of WeR@Home+, a next-generation security and home management platform, which is anticipated to provide lucrative opportunities for the market growth.
Among the analyzed countries, Brazil exhibits the highest adoption rate of alarm monitoring. On the other hand, the UK is expected to grow at a faster pace, predicting lucrative growth due to rise in demand for advanced alarm monitoring solution such as smartphones-based security solutions, investing in these technologies.
Various key players and government agencies in Europe and Latin America are investing in alarm monitoring to make them compatible with various industrial platforms. For instance, on January 6, 2022, leading UK and Ireland alarm communications providers announced to upgrade their customers from the existing analog phone service to an enhanced IP service.
In addition, in December 2021, Quanergy Systems, Inc., a leading provider of OPA-based solid-state LiDAR sensors and smart 3D solutions, announced a collaboration with Securitas France, a leader in intelligent protective services. All these developments across Europe and Latin America alarm monitoring showcase lucrative growth opportunities for the market growth.
The key players profiled in the report include ABB Ltd., Siemens AG, Diebold Inc., Schneider Electric SE, Honeywell International, Vivint Inc., Johnson Controls, Bosch Rexroth AG, ADT Corporation, and Vector Security.
The Europe and Latin America Alarm monitoring Market is estimated to grow at a CAGR of 11.5% from 2021 to 2030.
The Europe and Latin America Alarm monitoring Market is projected to reach $21.66 billion by 2030.
To get the latest version of sample report
Significant factors that impact the growth of the Europe and Latin America alarm monitoring industry include rise in popularity of smart homes & home automation systems
The key players profiled in the report include Johnson Controls, Bosch Rexroth AG, ADT Corporation, and Vector Security and many more.
On the basis of top growing big corporations, we select top 10 players.
The Europe and Latin America alarm monitoring market forecast is segmented into offering, technology, input signal, component, and application
The outbreak of COVID-19 has significantly affected the growth of the alarm monitoring market in 2020, however, the market witness relatively high growth in 2021, owing to rise in demand for home automation solution
Loading Table Of Content...
