Remote monitoring market exceeded US$29bn worldwide in 2011, says IMS Research

IMS Research IMS Research

Wellingborough, UK. August 20, 2012 — According to IMS Research (recently acquired by IHS Inc. (NYSE:IHS)) the world market for remote monitoring services was worth more than US$29 billion in 2011, equivalent to $2.4 billion in recurring monthly revenues (RMR) across the year.

IMS Research also estimates that in the same year 54 million accounts, or customer locations, were provided with services such as alarm monitoring, remote video monitoring, physical access control and fire detection monitoring, and PERS (Personal Emergency Response Services).

Driven by its strong residential and commercial alarm monitoring markets, the US market reportedly accounted for around 45% of world revenues. Other notable regional markets include Canada, the UK, Spain, France, Japan, South Korea, China and Australia.

“The penetration of remote monitoring services varies significantly between different countries and regions,” comments the report’s author and IMS Research Analyst, Niall Jenkins. “For example, the US residential alarm monitoring market has a penetration of between 20 and 25% of all residential buildings, while the residential market in Germany was estimated to be less than 200,000 accounts.”

“There are a number of social and economic reasons for these regional differences,” continues Jenkins. “Perception of crime, comparative wealth, service pricing and the isolation of the location can all drive the decision to remotely monitor a building. In less developed countries, the lower cost of manned guarding can also act to limit uptake. In extreme examples, a lack of trust in the police force can drive customers to include manned guard response in their service agreement, hence increasing the RMR generated on the account.”

IMS Research’s report, entitled The World Market for Remote Monitoring Service – 2012 Edition, focuses on regional and country markets across Europe, the Middle East and Africa (EMEA), the Americas and Asia.

The report provides market size data for 2011 and forecasts to 2016 for remote monitoring services in RMR (Recurring Monthly Revenue), monitored accounts and average prices. It also provides market share estimates for the leading service providers in 2011. The key trends, technologies and service types driving the market are covered from a country and regional level.

IHS (NYSE: IHS) is a leading source of information, insight and analytics in critical areas that shape today’s business landscape. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, the company employs more than 6,000 people in over 30 countries around the world.

IMS Research was recently acquired by IHS and is a supplier of market research and consultancy to over 2,500 clients worldwide, including most of the world’s largest technology companies. Established in the UK in 1989, IMS Research now has dedicated analyst teams focused on the factory automation, automotive, communications, computer, consumer, display, financial & ID, LED & lighting, medical, power & energy, solar PV, smart grid and security markets.

RECENT ARTICLES

Aeris Intelligent IoT network provides System Loco with reliable connectivity for worldwide track and trace of sustainable IoT-enabled smart pallets

Posted on: July 5, 2022

Aeris, the global Internet of Things (IoT) solutions provider, announced that System Loco, a global provider of supply chain and asset tracking solutions, has selected the Aeris Intelligent IoT Network to provide next generation connectivity to support and manage the worldwide track and trace of smart pallets employed by System Loco’s customers throughout the world.

Read more

Removing IT bottlenecks: The key’s simplicit

Posted on: July 5, 2022

A report by Mulesoft found that the IT teams of just 37% of organisations completed all of their assigned projects last year. Digitalisation can gather valuable data insights and optimise processes, but progress is often held back by the large IT workload such projects create. Here, Johan Jonzon, CMO and co-founder in edge analytics for

Read more
FEATURED IoT STORIES

9 IoT applications that will change everything

Posted on: September 1, 2021

Whether you are a future-minded CEO, tech-driven CEO or IT leader, you’ve come across the term IoT before. It’s often used alongside superlatives regarding how it will revolutionize the way you work, play, and live. But is it just another buzzword, or is it the as-promised technological holy grail? The truth is that Internet of

Read more

Which IoT Platform 2021? IoT Now Enterprise Buyers’ Guide

Posted on: August 30, 2021

There are several different parts in a complete IoT solution, all of which must work together to get the result needed, write IoT Now Enterprise Buyers’ Guide – Which IoT Platform 2021? authors Robin Duke-Woolley, the CEO and Bill Ingle, a senior analyst, at Beecham Research. Figure 1 shows these parts and, although not all

Read more

CAT-M1 vs NB-IoT – examining the real differences

Posted on: June 21, 2021

As industry players look to provide the next generation of IoT connectivity, two different standards have emerged under release 13 of 3GPP – CAT-M1 and NB-IoT.

Read more

IoT and home automation: What does the future hold?

Posted on: June 10, 2020

Once a dream, home automation using iot is slowly but steadily becoming a part of daily lives around the world. In fact, it is believed that the global market for smart home automation will reach $40 billion by 2020.

Read more

5 challenges still facing the Internet of Things

Posted on: June 3, 2020

The Internet of Things (IoT) has quickly become a huge part of how people live, communicate and do business. All around the world, web-enabled devices are turning our world into a more switched-on place to live.

Read more

What is IoT?

Posted on: July 7, 2019

What is IoT Data as a new oil IoT connectivity What is IoT video So what’s IoT? The phrase ‘Internet of Things’ (IoT) is officially everywhere. It constantly shows up in my Google news feed, the weekend tech supplements are waxing lyrical about it and the volume of marketing emails I receive advertising ‘smart, connected

Read more
IoT Newsletter

Join the IoT Now online community for FREE, to receive: Exclusive offers for entry to all the IoT events that matter, round the world

Free access to a huge selection of the latest IoT analyst reports and industry whitepapers

The latest IoT news, as it breaks, to your inbox