Global Statistics Representing Connected Personal Alarm Market Scenario
Personal alarms are the devices used to alert the person of contact in case of emergency situations. The sound frequency is differed by model to model; in some models, it is loud and shrill to attract more attention. However, some panic alarms allow the victim to quickly and silently call for help in emergency situations. These personal alarms are useful for individuals as they are affordable and an effective self-defense product unlike pepper sprays that are illegal to carry and use in various countries, especially in the U.S. Growing aging population, increasing security concerns regarding women and children, and rising penetration of smartphones in personal and healthcare security are the major driving factors for connected personal alarm market.
According to the UN (United Nations) organization, 71% victims of human trafficking are women and girls across the globe. Moreover, child trafficking victims include both boys and girls within the age range of 1 to 18 years. According to the Walk Free Foundation and International Labor Organization (ILO), 15.4 million victims (75%) are aged 18 or older, with the number of children under the age of 18 estimated at 5.5 million (25%). However, adoption of advanced technology has improved in the past few years with the growing smartphones and tablets user, even among the older age group supported by the proliferation of health apps.
The global connected personal alarm market by wearables is expected to grow at CAGR 19.1% during the forecast period 2019-2026.
Intended Audience For Connected Personal Alarms Market
The global connected personal alarm market is segmented by function, type, and application.
On the basis of the function, the connected personal alarm market is segmented into alarm, alarm alert, and texting/calling. Texting/calling is likely to hold the largest market share during the forecast period–2026. U.S. has the highest number of users for texting/calling service in case of emergency.
On the basis of the type, the market is a wearables, portable devices, and mobile applications. Wearable devices are expected to hold the major share of the market due to their features like small size, lightweight, easy to use, cost-effective, portable, slick designs, and fast responsiveness.
On the basis of the application, the connected personal alarm market is segmented into personal security, home security, and medical emergency. 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.
Geographically, the global connected personal alarm market is segmented into North America, Europe, Asia Pacific, and the Latin America and the Middle East & Africa (LAMEA).
North America dominates the global connected personal alarms market on account of growing awareness about personal safety and security among users. It is legal to carry and use personal connected alarms for effective self-defense across all the states in U.S. It is home to some of the largest manufacturers of personal connected alarm devices such as Revolar, ADT, and Tbaytel. Increased R&D in the field of connected alarm, home automation systems, and the internet of things in terms of new and improved technologies are the major factors driving connected personal alarm market growth in North America further.
European region accounts for the second largest market for connected personal alarm, which is followed by the Asia Pacific. Favorable government regulations and reimbursement policies for the development of the home healthcare sector, especially for senior citizens have cemented the growth of the European connected personal alarms market. For instance, NHS (National Health Service) England has established National Information Board in 2014 to take forward government’s TEC (Technology enabled care) strategy, refers to the use of telehealth, telecare in providing care for patients with long-term conditions that are cost-effective and convenient.
Asia Pacific is witnessing considerable growth in the global connected personal alarm market. Increasing security concerns for women and children, growing incidences of rape, harassment, and other forms of violence against women in this region are creating a platform for connected personal alarm market. According to the World Health Organization, 41% of total death in China happens due to cardiovascular events, while a number of diabetic patients in India were about 65 million in 2016, which is expected to reach 101 million by 2030.
LAMEA holds the least share of the global connected personal alarm market. However, the factors like rising awareness about personal healthcare, increased penetration of smartphone-based mobile applications, advancement in communication and connectivity technologies are expected to drive the connected personal alarm market growth in the coming years.
The major key players in 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). These players are trying to recognize the needs of market in developing countries and expanding their strategies to improve business needs.
June 2018, Peoplesafe – Part of the Send For Help Group, has announced to launch the World’s smallest and lightest personal safety device– MicroSOS. the compact MicroSOS weighs just 27 grams and feature incudes the latest A-GPS, GSM and Man-down technologies, in a design the size of a USB stick.
Global Connected Personal Alarm Market Segmentation
Why buy this report?
October 2017, Samsung in collaboration with ADT GO has introduced the new SmartThings-powered home security system to provide optional security monitoring services. It combines the DIY smart home products with professionally installed and monitored security systems.
March 2018, Tbaytel has made partnership with Superior North EMS for the safelock lockbox system. A rugged box that is attached to a subscriber’s entry door and it has a key to unlock the appropriate door to allow the paramedics immediate access
Moreover, following sections are specifically covered in the report of connected personal alarm market.