Alarm Monitoring Market – Global Opportunities & Forecast, 2020-2027
The market report studies the impact of COVID-19 on the market while covering many aspects of the industry such as market size, market status, emerging trends, and forecast. The report also offers a brief information of the competitors and the specific growth opportunities, along with key market drivers.
Major Players in Alarm Monitoring Market:
The leading players in the Alarm Monitoring Market:
·
Honeywell Corporation
·
ADT
·
Securitas AB
·
Schneider Electric
·
Robert Bosch GmbH
·
Johnson Controls
·
Vivint, Inc.
·
Comcast
·
ABB
·
Prosegur
Key Drivers of
Alarm Monitoring Market:
Some of the major factors contributing to the growth of the
global alarm
monitoring market include the discounts provided by insurance companies in
the premium rates to both residential and commercial clients if the central
monitoring alarm system is installed. These discounts are offered considering
the increased concerns associated with securing the property from fire and
thieves. The installation of alarm monitoring systems in residential and
commercial properties has surged due to the increasing rate of crimes. Alarm
monitoring systems enable the central security station to take the needed
actions in real-time. Rapid industrialization and urbanization have propelled
the growth of the global alarm monitoring market as new construction projects
are taking place, which includes the installation of an alarm monitoring system
to offer better services to their customers.
Alarm systems work in response to the physical environment,
such as humidity and temperature. For instance, in summers, due to extreme
heat, glasses sometimes get shattered, causing alarm systems to send a false
signal to the central security station. The major problems that occur by
installing an alarm monitoring system include lack of proper customer
knowledge, the incorrect entry of codes, and prank calls. This causes issues
for both the security provider and customers. These factors are hampering the
growth of the global alarm monitoring market.
Alarm Monitoring Market Segmentation:
The alarm monitoring market has been segmented into the
following categories:
Alarm Monitoring Market by Offering:
·
Systems & Hardware
o
Remote
Terminal Units (RTUS)
o
Alarm
Sensors
o
Communication Networks & Gateways
o
Central
Monitoring Receivers
o
Others
·
Software, Services & Solutions
o
Monitoring Services
o
Installation Services
o
Software
Alarm Monitoring Market by Input Signal:
·
Discrete
·
Analog
·
Protocol
Alarm Monitoring Market by Communication Technology:
·
Wired Telecommunication Network
·
Cellular Wireless Network
·
Wireless Radio Network
o
IP
Network
Alarm Monitoring Market by Application:
·
Equipment Monitoring
o
Telecom
Equipment
o
Industrial Equipment Monitoring
o
Medical
Equipment Monitoring
o
Others
·
Vehicle Alarm Monitoring
·
Building Alarm Monitoring
·
Environmental Monitoring
Alarm Monitoring Market by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
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