Market Overview:
The global security monitoring system market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for security systems owing to rising crime rates and terrorist threats across the globe. Additionally, the growing adoption of smart home technologies is also propelling the growth of this market. The global security monitoring system market can be segmented on the basis of type into NVR monitoring system and DVR monitoring system. The NVR monitoring system segment is expected to account for a larger share of this market than the DVR monitoring system segment during the forecast period. This can be attributed to its advantages such as high storage capacity, easy installation, and remote access capabilities over DVRs. On the basis of application, this market can be divided into residential use, commercial use, and industrial use segments.
Product Definition:
A Security Monitoring System is a system used to monitor and record the activity on a computer network. The purpose of a Security Monitoring System is to detect and respond to security incidents, such as unauthorized access, malware infections, or data breaches.
NVR Monitoring System:
NVR Monitoring system is a video surveillance solution that enables businesses and homeowners to watch their desired locations in real-time through internet connected devices such as smartphones, tablets & computers. It offers features such as motion detection with customizable alerts, video recording capabilities with time-lapse function and built-in Wi-Fi connectivity.
DVR Monitoring System:
A DVR monitoring system is a closed-circuit television camera system that enables security personnel to observe and monitor the area outside their premises. It is also used in some residential applications such as home security, baby monitors, and pet monitors among others. The primary function of these systems is to provide video surveillance; they can also be used for other purposes such as monitoring events or studying human behavior from a particular location.
Application Insights:
The global security monitoring system market by application is segmented into residential use, commercial use and industrial use. The residential sector dominated the overall market in terms of revenue in 2017. This can be attributed to factors such as growing awareness about online safety among parents and increasing spending on advanced security systems for homes. Moreover, technological advancements have made it easier for consumers to set up DVRs at home which has further driven the growth of this segment over the recent years.
The commercial sector is expected to witness significant growth over the forecast period owing to rising concerns regarding business assets and operations across various industries worldwide. Advancements in technology have also played a key role in driving demand from this sector as many businesses are shifting towards NVR solutions due to cost-effectiveness along with improved video quality and features offered by modern technology compared to traditional analog systems used previously at businesses only allowing limited recording time per day or week depending upon storage capacity available on device being monitored).
Regional Analysis:
North America accounted for the largest market share in 2016 and is expected to continue its dominance over the forecast period. This growth can be attributed to increasing terrorist threats, high adoption of digital technology, and government initiatives. The European region is anticipated to witness significant growth over the next eight years owing to rising demand from commercial sector such as retail, transportation & logistics (T&L), hospitality, banking & financial services (BFS), and others. Asia Pacific regional market is estimated to grow at a lucrative CAGR during the forecast period due to increasing awareness about these systems among consumers coupled with growing need for security in emerging economies including India and China.
Growth Factors:
- Increasing demand for security and safety from individuals and businesses
- Proliferation of connected devices and the Internet of Things (IoT) which is increasing the attack surface for hackers
- The need for organizations to comply with regulations such as GDPR, PCI DSS, HIPAA, etc.
- The increasing number of cyber-attacks and data breaches which is driving organizations to invest in security solutions
- Growing awareness about the importance of security monitoring systems among businesses and consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Security Monitoring System Market Research Report
By Type
NVR Monitoring System, DVR Monitoring System
By Application
Residential Use, Commercial Use, Industrial Use
By Companies
LiveWatch, MONI, Frontpoint, Protection 1, Protect America, ADT, Link Interactive, AT&T Digital Life
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Security Monitoring System Market Report Segments:
The global Security Monitoring System market is segmented on the basis of:
Types
NVR Monitoring System, DVR Monitoring System
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential Use, Commercial Use, Industrial Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- LiveWatch
- MONI
- Frontpoint
- Protection 1
- Protect America
- ADT
- Link Interactive
- AT&T Digital Life
Highlights of The Security Monitoring System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- NVR Monitoring System
- DVR Monitoring System
- By Application:
- Residential Use
- Commercial Use
- Industrial Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Security Monitoring System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A security monitoring system (SMS) is a computer-based system that monitors the security of an organization's network and systems. It can be used to detect and prevent attacks, identify unauthorized access, and monitor the effectiveness of security measures.
Some of the major companies in the security monitoring system market are LiveWatch, MONI, Frontpoint, Protection 1, Protect America, ADT, Link Interactive, AT&T Digital Life.
The security monitoring system market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Security Monitoring System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Security Monitoring System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Security Monitoring System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Security Monitoring System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Security Monitoring System Market Size & Forecast, 2020-2028
4.5.1 Security Monitoring System Market Size and Y-o-Y Growth
4.5.2 Security Monitoring System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 NVR Monitoring System
5.2.2 DVR Monitoring System
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential Use
6.2.2 Commercial Use
6.2.3 Industrial Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Security Monitoring System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Security Monitoring System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 NVR Monitoring System
9.6.2 DVR Monitoring System
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential Use
9.10.2 Commercial Use
9.10.3 Industrial Use
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 NVR Monitoring System
10.6.2 DVR Monitoring System
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential Use
10.10.2 Commercial Use
10.10.3 Industrial Use
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 NVR Monitoring System
11.6.2 DVR Monitoring System
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential Use
11.10.2 Commercial Use
11.10.3 Industrial Use
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 NVR Monitoring System
12.6.2 DVR Monitoring System
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential Use
12.10.2 Commercial Use
12.10.3 Industrial Use
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 NVR Monitoring System
13.6.2 DVR Monitoring System
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential Use
13.10.2 Commercial Use
13.10.3 Industrial Use
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Security Monitoring System Market: Competitive Dashboard
14.2 Global Security Monitoring System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 LiveWatch
14.3.2 MONI
14.3.3 Frontpoint
14.3.4 Protection 1
14.3.5 Protect America
14.3.6 ADT
14.3.7 Link Interactive
14.3.8 AT&T Digital Life
