Alarm Monitoring growing at 5.5% Annually and set to reach $59.8 billion by 2023.

Share on facebook
Share on google
Share on twitter
Share on linkedin
A VPN is an essential component of IT security, whether you’re just starting a business or are already up and running. Most business interactions and transactions happen online and VPN

According to a report by SEN, Alarm Monitoring revenue is set to reach nearly 60 billion by 2023, the global growth average is 5.5%, in contrast the APAC market is expected to grow at a much faster rate on the back of fast-growing urban centres and an increase in population growth.

The main drivers for Alarm Monitoring were:

  • Insurance Policy discounts.
  • A growth in “Smart Home” technology.
  • New Smartphone Technology.
  • Changes in copper phone line technology (IE the NBN).

The report also makes the point that with criminals becoming more sophisticated in their approach to home & business break-ins, was there any value in having a non-monitored alarm in the first place.

Interestingly a unique driver to Australia was a concern for pets, where owners of pets had concerns over their well-being if a siren was to go off for a few hours.

Element Security

Element Security

Leave a Replay

About Us

Established in 2008, Element Security is a privately owned electronic security company based in Southern Sydney.

Our mission is to be the preferred Electronic Security Provider across multiple sectors and industries through hard work persistence and honesty.

We are committed to being at the forefront of technology and new concept implementation. We demonstrate integrity and operate at the highest professional standards.

Recent Posts

Follow Us

Tutorials

Coming Soon…

Sign up for our Newsletter