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Wholesale competitors decline in remote monitoring market

North America. The wholesale remote monitoring market in North America should decline to less than 1% by 2011, according to a recent report by IMS Research. In contrast, the total remote monitoring market will grow to more than 7% year-on-year, with a 3% drop in wholesale monitoring market share. The two factors influencing this market slowdown are the reduction in independent alarm distributors and the limited potential for increased monthly recurring revenue in the wholesale monitoring business model. Niall Jenkins, author of the report, adds that "although consolidation has been faster in the North American market, it is also evident in Europe"," and explains that "the fragmented nature of the monitoring market in Europe has slowed consolidation to date, however, with the increasing standardization of laws and regulations, the industry will turn more to procurement." This consolidation trend has led many wholesale companies to the PERS (Personal Emergency Response Services) market, which includes responding to panic requests from the elderly or chronically ill, and offers companies the opportunity to charge 40% more than in monitoring intrusion alarms.

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