SecuraTrac is Continuing to Grow and What It Means For You
According to a recent report by Reportlinker.com, the Global Personal Emergency Response System (PERS) Market is forecasted to grow by $3488.23 mn from 2022 to 2027, with an accelerating compound annual growth rate of 7.94%. This information, gathered by Market Report, suggests that technological advancement and the development of PERS apps will be one of the leading reasons driving said growth.
The bottom line is this: As security technologies continue to grow, such as cloud-based monitoring and integrated emergency response platforms, so do market and end-user demands. Keeping up with the latest technologies and applications in 2023 and beyond will be the most important way to continue to experience continued growth. This reason is why SecuraTrac is dedicated to remaining at the forefront of technology and innovation, and here’s why you should be too.
What this means for Dealers
Maintaining and growing RMR
Recurring monthly revenue (RMR) is the essential lifeblood of security dealers. In 2023, these revenue streams are continuing to grow and develop for specific uses and applications. For example, SaaS (Software as a Service) driven offerings are becoming more popular thanks to their approach to simplifying customer service while maintaining consistent revenue. Additionally, cloud-based services such as SecuraTrac’s ReliaTrac Emergency Response Platform are growing in popularity thanks to the intense demand for processing and managing large amounts of data. In 2023, end-users are increasingly turning to simple and reliable solutions to their exceedingly complex security problems.
Practical applications in residential security systems
As previously mentioned, end-users are increasingly relying on security technologies that promote practicality and ease of access. SecuraTrac’s Mobile Defender product line is one such technology that offers GPS tracking and monitoring capabilities, sending potentially life-saving text messages and email alerts to parents of trick-or-treating children or colleagues of lone workers. When paired with video surveillance technology and SecuraTrac’s Emergency Response Center Monitoring, parents and caregivers can rest assured knowing they can find their loved ones quickly and easily.
Creating security ecosystems through smart homes or facilities is also becoming more popular. Users are increasingly interested in integrated security systems that are user-friendly and easy to access through cloud-based applications. With the intense amount of data being recorded nowadays, security ecosystems must be capable of handling said information, especially in the event of a break-in or other suspicious activity.
What this means for Integrators
Expanding and discovering more verticals
The benefits of security ecosystems and PERS technology continue beyond security dealers too. Though historically focused on healthcare and hospice care, SecuraTrac has since expanded its horizons by also focusing on necessary, potentially lifesaving applications to the lone worker’s industry and beyond.
Additionally, with the steady increase of violence towards children, school institutions are now more than ever looking for practical ways to ensure students’ safety. Gone are the days when singular security systems could handle the intense amount of data and scale necessary for entire industries. Now, data must be instantly assessed and provide real-time information to stop crimes before they escalate. Such deterrence technology will become vital in 2023 and the years to come.
Where SecuraTrac is going from here
Even though the future looks bright for the PERS market, it is still essential for partners and security companies to stay on top of trends pertaining to the ever-expanding world of security technology. Companies will undoubtedly need to focus on what technologies are helping the industry continue to revolutionize and adapt to the ever-changing global landscape. SecuraTrac is dedicated to continuously pushing the boundaries of PERS technology and continuing to innovate to live in a safer world.
Founded in 2008 by 3 driven executives from technology industries, SecuraTrac® was founded to make a difference for every family. We exist to make lives better, and we hope it shows in all of our actions and all of our mobile safety solutions. We imprint each of our solutions with the SecuraTrac stamp that signifies a focus on what matters most to those who select us for their family and employee safety needs.