Technavio has been monitoring the personal emergency response system market and it is poised to grow by USD 2.47 billion during 2020-2024, progressing at a CAGR of 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Personal Emergency Response System Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions-
Based on segmentation by type, which is the leading segment in the market?
The mobile segment is expected to be the leading segment.
At what rate is the market projected to grow?
Growing at a CAGR of over 6%, the incremental growth of the market is anticipated to be USD 2.47 billion.
Who are the top players in the market?
ADT Inc., AlertOne Services LLC, Bay Alarm Co., Best Buy Co. Inc., Careline UK Monitoring Ltd., Koninklijke Philips NV, MobileHelp LLC, Nortek Security & Control LLC, Tunstall Healthcare Group Ltd., and Valued Relationships Inc. are some of the major market participants.
What are the key market drivers and challenges?
Growing geriatric population and the increasing prevalence of chronic diseases are the major factors driving the market. However, the lack of awareness the market growth.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ADT Inc., AlertOne Services LLC, Bay Alarm Co., Best Buy Co. Inc., Careline UK Monitoring Ltd., Koninklijke Philips NV, MobileHelp LLC, Nortek Security & Control LLC, Tunstall Healthcare Group Ltd., and Valued Relationships Inc. are some of the major market participants. The growing geriatric population will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Personal Emergency Response System Market 2020-2024: Segmentation
Personal Emergency Response System Market is segmented as below:
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Personal Emergency Response System Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The personal emergency response system market report covers the following areas:
Personal Emergency Response System Market Size
Personal Emergency Response System Market Trends
Personal Emergency Response System Market Analysis
This study identifies the increasing prevalence of chronic diseases as one of the prime reasons driving the personal emergency response system market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Personal Emergency Response System Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist personal emergency response system market growth during the next five years
Estimation of the personal emergency response system market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the personal emergency response system market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of personal emergency response system market vendors
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five force summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Type
Comparison by Type
Mobile - Market size and forecast 2019-2024
Landline - Market size and forecast 2019-2024
Standalone - Market size and forecast 2019-2024
Market opportunity by Type
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
Asia - Market size and forecast 2019-2024
ROW - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Volume Drivers – Demand led growth
Market positioning of vendors
AlertOne Services LLC
Bay Alarm Co.
Best Buy Co. Inc.
Careline UK Monitoring Ltd.
Koninklijke Philips NV
Nortek Security & Control LLC
Tunstall Healthcare Group Ltd.
Valued Relationships Inc.
Scope of the report
Currency conversion rates for US$
List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200813005394/en/