19-Aug-2019 | Zion Market Research
Zion Market Research has published a new report titled “Alarm Monitoring Market By Application (Equipment Monitoring, Vehicle Alarm Monitoring, Building Alarm Monitoring, and Environment Monitoring), By Offering (Systems & Hardware and Software, Services, & Solutions), By Communication Technology (Cellular Wireless Network, Wired Telecommunication Network, Wireless Radio Network, and IP Network), and By Input Signal (Discrete, Analog, and Protocol): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global alarm monitoring market was USD 46.02 billion in 2018 and is expected to reach approximately USD 65.38 billion by 2025, at a CAGR of slightly above 5.14% between 2019 and 2025.
Alarm monitoring is the communication between the security provider and home security system. The alarm registers an emergency event and intimates the monitoring station by sending a signal and informing the concerned authorities. The rapidly increasing adoption of security systems and the rising number of insurance policies for commercial and residential applications are major factors stimulating the alarm monitoring market globally. The rising need for security is one of the primary factors driving the market for alarm monitoring. Moreover, the availability of technologically-advanced systems for security and the rising investments witnessed in R&D activities to enhance the existing alarm monitoring systems are also likely to propel the alarm monitoring market over the estimated time period. The escalating demand for automation security systems for both residential and commercial applications is further expected to support the global market for alarm monitoring. However, the high cost of installation and maintenance of alarm monitoring systems and the stringent rules and regulations imposed by the government on vehicle and road safety may hinder market the product demand in the future.
Browse the full “Alarm Monitoring Market By Application (Equipment Monitoring, Vehicle Alarm Monitoring, Building Alarm Monitoring, and Environment Monitoring), By Offering (Systems & Hardware and Software, Services, & Solutions), By Communication Technology (Cellular Wireless Network, Wired Telecommunication Network, Wireless Radio Network, and IP Network), and By Input Signal (Discrete, Analog, and Protocol): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/alarm-monitoring-market
On the basis of offering, the alarm monitoring market is divided into systems and hardware and software, services, and solutions. The software, services, and solutions segment is expected to hold a substantial market share over the projected timeline. Most players in the alarm monitoring market are making revenue by monitoring and installation monthly fees. Additionally, the leading players are offering free equipment and installation to expand their reach and grow their customer base.
The application segment of the alarm monitoring market is divided into equipment monitoring, building alarm monitoring, vehicle alarm monitoring, and environment monitoring. Vehicle alarm monitoring is expected to grow substantially, owing to the rising demand for vehicles and improving standards of living. The equipment monitoring segment is also expected to grow notably over the forthcoming years, owing to the reduced cost of IoT equipment that leads to cost-effective equipment monitoring.
North America will major growth in the alarm monitoring market globally over the projected timeframe, owing to the regional presence of prominent market players like Moni, ADT, Honeywell, UTC, Vivint, Johnson Controls, and Vector Security. Moreover, the rising R&D activities at industry and academic levels are widening the application areas of alarm monitoring systems, which will make it easier to include equipment monitoring, is further driving this regional market.
Some noticeable players of the alarm monitoring market are Moni, ADT, Securitas, Honeywell, Schneider, UTC, Vivint, Johnson Controls, Bosch, and Vector Security.
This report segments the global alarm monitoring market into:
Global Alarm Monitoring Market: Application Analysis
Global Alarm Monitoring Market: Offering Analysis
Global Alarm Monitoring Market: Communication Technology Analysis
Global Alarm Monitoring Market: Input Signal Analysis
Global Alarm Monitoring Market: Regional Analysis
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