Global Alarm Monitoring Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Alarm Monitoring Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global alarm monitoring market report has been segmented on the basis of offering, communication technology, application, and region.
Global Alarm Monitoring Market: Overview
Alarm monitoring is used to monitor fire alarm and bugler alarm in residential and commercial buildings, facilities, and premises. It is a communication between the security service provider and security system. When central panel registers emergency, it transmits the signal to alarm monitoring system. Monitoring system informs official authorities and sends them on the address. For alarm monitoring, central station uses various types of software, computers, radio channels, and mobile lines.
Global Alarm Monitoring Market: Dynamics
Increasing adoption security systems that comes with insurance policies for residential and commercial applications is a major factor driving growth of the global alarm monitoring market. In addition, availability of technologically advanced security systems, coupled with increasing investment in R&D for improvement in working of alarm monitoring systems are also factors supporting growth of the global market. Furthermore, growing installations of home automation systems is a factor expected to boost growth of the global alarm monitoring market over the forecast period.
However, occurrence of false alarms is a factor that may hamper growth of the global alarm monitoring market. In addition, high cost of installation and maintenance of alarm monitoring system is another factor that could affect growth of the target market. Nevertheless, growing adoption of smartphones-based security systems can create high revenue opportunities for players in the target market.
Global Alarm Monitoring Market: Segment Analysis
Among the communication technology segments, the wired telecommunication network segment dominates the global market in terms of revenue and is expected to maintain its position in the near future. High use of public switched telephone network for wired telecommunication network is a factor supporting growth of this segment in the target market.
Among the application segments, the building alarm monitoring infrastructure segment is expected to witness high growth in terms of revenue over the forecast period. Increasing demand for security systems with residential buildings and areas, especially in cities is a factor propelling growth of this segment in the global market.
Global Alarm Monitoring Market: Regional Analysis
Currently, market in North America is dominating the global market in terms of revenue and is expected to maintain its dominance over the forecast period. High adoption of alarm monitoring systems, coupled with increasing usage of advanced technology among end user are factors driving growth of the target market in this region. In addition, high investment in R&D activities to improve alarm monitoring in industries and houses is another factor propelling growth of the target market, especially in countries in North America.
Market in Europe accounts for second-highest share in terms of revenue in the near future, followed by Asia Pacific. Market in Asia Pacific is anticipated to register fastest growth in terms of revenue over the forecast period, owing to increasing security concerns in this region. Additionally, increasing spending on security and monitoring systems and solutions is another factor supporting growth of the alarm monitoring in Asia Pacific.
Global Alarm Monitoring Market Segmentation:
Segmentation by Offering:
- Software, Services, and Solutions
- Systems and Hardware
Segmentation by Communication Technology:
- Wireless Radio Network
- Wired Telecommunication Network
- IP Network
- Cellular Wireless Network
Segmentation by Application:
- Vehicle Alarm Monitoring
- Environment Monitoring
- Equipment Monitoring
- Building Alarm Monitoring
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Honeywell International Inc.
- Johnson Controls, Inc.
- Schneider Electric SE
- UTC Fire & Security Corporation (Chubb Security Systems, Inc.)
- Bosch Security Systems, Inc.
- Securitas AB
- Vector Security, Inc.
- Vivint, Inc.
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