Global Revenues from Alarm Monitoring Services are Projected to Exceed $41.5 billion by 2010, According to a New Report by Global Industry Analysts, Inc.
Global alarm monitoring services market is expanding mainly due to rising concerns about crime and panic generated by 9/11 attacks and increasing sophistication and lower cost of security systems. Demand for fire and intrusion alarms is increasing due to rising awareness levels.
San Jose, CA (Issues Wire / PRWEB) March 18, 2008 -- Contrary to the earlier days of alarm monitoring systems and services, the current maintenance costs have become quite reasonable. With the reduced costs of subscription, more and more people from the residential sectors are seeking to own one. Heightened fears of burglary, terrorism and fire accidents have forced the commercial sector to look out for much-sophisticated equipment such as access control, video surveillance, and satellite-based global position location monitoring along with the conventional fire and burglary monitoring systems.
Worldwide revenues from Alarm Monitoring Services are projected to exceed $41.5 billion by the end of the year 2010. Revenues from Residential Intrusion and Fire Alarm Monitoring Services in the United States totaled an estimated $7.5 billion in 2006. Europe is estimated to be the largest regional market for Alarm Monitoring Services for the year 2007 accounting for a share of about 38% of the global Alarm Monitoring Service revenues. Revenues from non-residential alarm monitoring services in Asia-Pacific (excluding Japan) are projected to reach $1.6 billion by 2010.
Key players listed in the report include ADT Security Services, G4S Plc, Global Security Solutions, Protection One, and Reliance Security Group, among others.
"Alarm Monitoring Services: A Global Strategic Business Report" published by Global Industry Analysts, Inc., analyzes the global market with hard-to-find data and analytics for key regional markets such as Europe and the United States, alongside up and coming markets such as Asia-Pacific. The report provides a comprehensive review of market trends and issues, drivers, players, competitive landscape, recent developments, mergers, acquisitions, alliances, other strategic industry activities.
Analytical estimates and projections are presented in terms of annual revenues in US$ over the years 2000 through 2010. Long-term projections have been provided for the period 2011-2015. End-use segments independently analyzed include Residential Intrusion and Fire Alarm Monitoring, Non-Residential Alarm Monitoring, and Other Alarm Monitoring Markets (including Vehicular Alarm Monitoring Services and PERS (Personal Emergency Response Service) monitoring.
For more details about this 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 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press @ StrategyR.com
Web Site www.StrategyR.com
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