What is Alarm Monitoring Market?
Alarm Monitoring is defined as the monitoring system which is mainly used to initiate quick communication between home security system and security service provider. It permits service providers about the burglar, medical emergency and fire at home. Growth in crimes and increasing insurance policies with installed security systems, highly accepted home automation systems are some of the major drivers which are propelling the growth of the market. The market for alarm monitoring is anticipated to register a CAGR of over 6.2% during the forecast period.
Highlights from Alarm Monitoring Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | ADT (United States), Moni (United States), Honeywell (United States), Securitas (Sweden), UTC (United States), Schneider (France), Johnson Controls (United States), Vivint (United States), Vector Security (United States), Bosch (Germany) and OMNI Resource Management (United Kingdom) |
The market is fragmented with numerous players focusing on technique and quality of the product due to which the global alarm monitoring market can witness an upsurge in the forecast period. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Alarm Monitoring market throughout the forecasted period.
ADT (United States), Moni (United States), Honeywell (United States), Securitas (Sweden), UTC (United States), Schneider (France), Johnson Controls (United States), Vivint (United States), Vector Security (United States), Bosch (Germany) and OMNI Resource Management (United Kingdom) are some of the key players profiled in the study. Alarm Monitoring Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Building, Equipment and Vehicle Alarm Monitoring |
Type | Products and Service |
Input Signal | Discrete,Protocol |
Offering | Systems Hardware,Services Offering |
Communication Technology | Wired,Cellular,IP |
On the basis of geography, the market of Alarm Monitoring has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancement regarding Alarm Monitoring Products
Market Growth Drivers:
Attractive Insurance Policy Discounts for Installing Security Systems and Mounting Popularity of Smart Homes and Home Automation Systems
Challenges:
Telecom as well as Cable Companies Entering the Alarm Monitoring Space
Restraints:
Issue related to False Alarms
Opportunities:
Diy Home Security Systems and Smartphone-And Handheld Device-Based Security Systems
Key Target Audience
Semiconductor and Electronic Component Providers, Connectivity Providers, Monitoring Service Providers, Platform Providers, Research Organizations, Technology Investors and Technology Standard Organizations, Alliances, and Associations
Market Leaders & Development Strategies
In April 2019, the Securitas (Sweden) Company has acquired Staysafe Company, which is an alarm monitoring company in Australia. Hence, this will, in turn, propel the growth of the alarm monitoring market. and In August 2018, the ASIAL (Australia) Company and the NECWGA/NZ (New Zealand) have collaborated together in order to introduce a consistent policy for the way in which Australian policing jurisdictions respond to alarm activations. Therefore, this collaboration will help in strengthening the position of the company.
In April 2022, OMNI Resource Management acquired ACT. ACT IS a full-service security systems contractor BASED IN Massachusetts. This strategic acquisition helped OMNI Resource Management to expand in Alarm Monitoring market