Alarm Monitoring Market – Global Opportunities & Forecast, 2020-2027

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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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