The Global Market for Alarm Monitoring Services is Forecast to Reach US$73 Billion by 2024
Growing Awareness Over Safety & Security and the Ensuing Adoption of Home Automation Systems Drive Global Demand for Alarm Monitoring Services, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size, and demand forecasts on the global Alarm Monitoring Services market. The global market for Alarm Monitoring Services is forecast to reach US$73 billion by 2024 , driven by worldwide recovery in construction activity; rising adoption of home automation systems supported by product innovation and stricter enforcement of building codes; surge in crime rates and heightening awareness of safety and security; urbanization, burgeoning middle class population and aging demographic stats. Alarm monitoring, one of the key segments of the security market, offers intrusions or fire monitor ing assurance of assets to residential and commercial consumers . The need to secure life ...