• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Editor's Pick Professionally monitored alarm systems in Europe and North America surpassed the 50 million mark in 2021
Editor's Pick

Professionally monitored alarm systems in Europe and North America surpassed the 50 million mark in 2021

by December 21, 2022
by December 21, 2022 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

Berg Insight today released new findings about the market for home and small business security systems.

The number of professionally monitored alarm systems in Europe is forecasted to grow at a compound annual growth rate (CAGR) of 4.5 percent, from 17.6 million in 2021 to reach 21.9 million in 2026. In North America, the number of monitored alarm systems is forecasted to grow at a CAGR of 3.0 percent, from 33.6 million in 2021 to 39.0 million in 2026.

Security systems for small businesses and private homes can be divided into three main categories – local, self-monitored and professionally monitored security systems. When activated, a local security system emits an alarm sound to alert the surroundings and scare off intruders. Such systems are not monitored and cannot be accessed from remote.

A self-monitored security system is connected and informs the owner of the premises upon activation by sending a text message, email or push notification through a smartphone app. A professionally monitored security system is connected to an Alarm Receiving Centre (ARC). When the system is activated, the ARC can dispatch a security patrol and contact emergency services.

The traditional home and small business security systems market in Europe and North America is served by specialist home security companies such as ADT, Verisure, Brinks Home (Monitronics) and Sector Alarm; security service companies such as Prosegur, Securitas and G4S; telecommunications and cable television companies such as Comcast, Telus, Cox Communications and Bell Canada; as well as utilities, banks and insurance companies such as EPS (Crédit Mutuel), Crédit Agricole and Groupama.

Traditional home security systems include professional alarm monitoring. Providers of DIY home security systems include SimpliSafe, Frontpoint, Ring (Amazon), Yale (Assa Abloy), Arlo, Somfy, Scout Security, Canary, Minut and Wyze Labs. DIY security systems typically include self-monitoring as a standard feature and professional alarm monitoring services are offered as an option. ADT and Verisure are the two largest providers of professionally monitored alarm systems for homes and small businesses, with 6.3 million and 4.3 million customers respectively at the end of 2021. ADT is only active in the US while Verisure is active in 13 European countries and four countries in South America.

“The home and small business security system market in Europe and North America continues to grow steadily, driven by a shift to interactive systems which provide increased security and convenience for users”, says Martin Backman, Senior Analyst at Berg Insight.

Security cameras are now also commonly part of new home security system installations, as the price for such devices has dropped in recent years and developments of video software has enabled a greater value for home and small business owners.

“Modern security camera solutions can distinguish between humans, pets, vehicles and other objects and notify the user only if there is an actual threat to the premises”, continues Mr. Bäckman.

This provides an extra layer of security as the security system extends to the perimeter of the property.

Mr. Backman, concludes:

“Security and safety are basic human needs and therefore the home and small business security system market is anticipated to stay strong in the coming years despite high inflation and rising costs of living and doing business.”

Download report brochure: The Home and Small Business Security System Market

The post Professionally monitored alarm systems in Europe and North America surpassed the 50 million mark in 2021 appeared first on IoT Business News.

You Might Also Like
  • U.S. passport processing times return to pre-pandemic levels
  • More Americans are so worried about money, it’s hurting their mental health
  • Dockworkers on East and Gulf Coast to return to work after reaching agreement on wages
  • Amazon and Nvidia say AI data center demand is not slowing down
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Progressives Love Suppressing Votes–But Not the Way You Think
next post
Key IoT security trends for 2023

You may also like

More states are considering requiring full minimum wages for tip...

January 7, 2024

Panera Brands CEO steps down; CFO to fill in as...

January 8, 2025

Cryptocurrency ‘pig butchering’ scam wrecks Kansas bank, sends ex-CEO to...

August 22, 2024

S&P 500 closes above 5,600 for the first time, lifted...

July 11, 2024

UnaBiz partners with The Things Industries to bring LoRaWAN product...

February 27, 2023

N.Y. Fed President John Williams says inflation is too high...

June 1, 2024

Transforma Insights study finds 8 ways in which 2G/3G switch-off...

December 13, 2022

Tesla settles lawsuit over Autopilot crash that killed Apple engineer

April 12, 2024

Rural town braces for Tyson plant closure as manufacturing booms...

August 28, 2023

Peloton shares fall after posting wider-than-expected loss, falling sales due...

August 24, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025
    • The Unpredictable Stock Market: How to Make Sense of It

      May 8, 2025
    • AMD CEO calls China a ‘large opportunity’ and warns against strict U.S. chip controls

      May 7, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,630 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,339 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,320 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,302 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,186 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout,...

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Buffett’s Berkshire Hathaway hits $1 trillion...

    August 29, 2024

    ESPN, Fox and Warner Bros. Discovery...

    February 7, 2024

    DOJ and FTC warn consumers of...

    October 10, 2024
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here