Nowadays, it has become important to be connected to someone in any kind of emergency by using any mode of communication. Mobile phones are the easiest and most widely used form of communication during a state of an emergency. However, when more precautions and protection is needed, personal alarm systems can play its role. However, the primary and important function of a personal alarm is to provide safety and security to a human being by distracting emergency situations. There are various alarm systems available such as telecare pendent alarm system, activity monitoring, short range sensor and receiver system, and required accessories.
The global connected personal alarm market is segmented into function, type, and application. On the basis of function, the market is segmented into alarm, alarm alert, and texting/calling. However, texting/calling is expected to hold the major share of the market owing to its low prices as compared to alarms and alarm alerts and availability of 24/7 emergency services.
On the basis of the type, the market is segmented into wearables, portable devices, and mobile applications. Wearable devices are projected to grow at highest growth rate, as it helps to gain the attention of surroundings in case of emergency situations.
On the basis of the application, the market is segmented into personal security, home security, and medical emergency. However, personal security is expected to hold the major share of the market due to its usefulness for every age group category as well as helpful for professionals and well-known public figures.
On the basis of region, the global connected personal alarm market is segmented into North America, Europe, Asia Pacific, and Latin America and the Middle East & Africa (LAMEA).
North America holds the largest share of the global connected personal alarm market followed by Europe. North America connected personal alarms market is majorly driven by increasing aging population and growing awareness about personal safety and security in the society.
Europe is sub-segmented into the UK, Belgium, and Netherlands. However, UK is the major contributor to the regional market of connected personal alarm; whereas, Belgium is expecting a healthy growth in the future.
Asia Pacific is one of the prominent regions for the growth of the personal connected alarm market. Increasing security concerns for women and children acts as a major driving factor for this market in the Asia Pacific.
LAMEA are expecting healthy growth during the forecast period 2018–2025. Rising people awareness towards personal healthcare, increased penetration of smartphone-based mobile applications, lack of disease management, advancement in communication and connectivity technologies are driving the growth of the Middle-East and Africa.
Some of the key players in the global connected personal alarm market are Acticheck Ltd. (UK), ADA Security (Ireland), ADT GO (U.S.), Amano Connect (England), Buddi Limited (UK), Careline 365 (England), Greatcall Inc. (U.S.), Koninklijke Philips N.V. (U.S.), MobileHelp Smart (U.S.), PPP Taking Care Ltd. (UK), Revolar (U.S.), Send For Help Ltd. (UK), SureSafe (Australia), Tbaytel (Canada), Tunstall (Australia), Vlinderalarm (The Netherlands), and Zembro (Belgium)
Connected personal alarm is a competitive market, and several companies are using different strategies to increase their share in the market. Additionally, a major number of players are in their initial phase of business which intensified the competition in the connected personal alarms market. Thus, innovation is the organic strategy for the development of the market, and most of the players are investing a huge amount in developing advance techniques. On the other hand, local companies are trying to sell their products at low cost to expand their presence and market share.
Many key players are offering advanced connected personal alarms. For instance, ADT LLC introduced SOS button (panic button remote) with ADT GO application installed on smartphone that is connected to the device and emergency service station to provide 24/7 emergency service to an individual. These advanced technologies and additional features implemented by the manufacturers in various connected personal alarms are likely to support market growth.
Moreover, Buddi Limited is a British company that develops and manufacturer of mobile technologies that use for locating individuals. The company provides its services to around 80% of UK local authorities and government customers across the globe. They have developed a product named ‘Buddi Connect’ which is a wristband with an advanced alert system when combined with smartphone.