15-Jul-2022 | Facts and Factors
According to Facts and Factors, the global Alarm Monitoring Market size was valued at USD 47.2 billion in 2021 and is predicted to increase at a CAGR of 4.01% to USD 60.4 billion by 2028. The study examines the market in terms of revenue in each of the major regions, which are classified into countries.
Consumers are becoming more mindful of security, and they have begun to use monitoring and warning systems for residential reasons to prevent incidents such as theft and fire. In addition, the increased use of electronic security systems in public spaces is propelling market growth. Moreover, the growing demand for automation security systems for both commercial and residential applications is projected to help the global alarm monitoring market.
Browse the full “Alarm Monitoring Market Size, Share, Growth Analysis Report By Application (Equipment Monitoring, Vehicle Alarm Monitoring, Building Alarm Monitoring, Environment Monitoring), By Offering (Systems and Hardware, Software, Services, and Solutions), By Communication Technology (Wired Telecommunication Network, Cellular Wireless Network, Wireless Radio Network, IP Network), By Input Signal (Discrete, Analog, Protocol), and By Region - Global Industry Insights, Comparative Analysis, Trends, Statistical Research, Market Intelligence, and Forecast 2022 – 2028" report at https://www.fnfresearch.com/alarm-monitoring-market
Furthermore, insurance companies' discounts on premium rates for both residential and commercial clients if a central monitoring alarm system is installed, as well as the increasing adoption of security systems that come with insurance policies for both residential and commercial applications, are expected to drive the growth of the global alarm monitoring market. Furthermore, technological improvements like handheld device-based security systems, DIY Home Security Systems, and untapped potential in new regions provide positive growth chances. The high cost of installation and maintenance of alarm monitoring systems is constraining industry expansion. Additionally, the entry of telecom and cable providers into the alarm monitoring arena, as well as false alerts, are possible limitations to the global alarm monitoring market's overall growth.
Segmental Overview
In terms of Communication Technology, the cellular wireless network communication technology category will have the biggest market share. The cellular wireless network is becoming more popular for connecting control panels and alarm monitoring centres. It is mostly used as a backup mechanism for connectivity in the event the primary lines fail. With the rising reliability of cellular networks, the market for cellular wireless network-based alarm monitoring grows. In the forecast period, the wired telecommunication network will grow at a rapid pace in the overall alarm monitoring market. The most often utilized communication method in existing alarm monitoring systems is wired telecommunication; its dependability is a major factor in its growth.
In terms of Application, the building alarm monitoring market accounted for the lion's share of the entire alarm monitoring market. Building alarm monitoring systems are intended to detect emergency circumstances such as fire, smoke, entry, and flooding. Residential buildings account for a sizable portion of the market for building alarm monitoring; a sizable portion of the overall revenue in this category is derived from monthly recurring charges, which alarm monitoring firms receive in place of monitoring services. Most firms that cater to residential consumers do not charge for equipment or installation charges, but they do charge a monthly fee for monitoring.
Regional Overview
North America is at the forefront of the evolution and development of alarm monitoring technologies because it is home to some of the world's largest multinational organizations. This area is home to the majority of the major players in the global alarm monitoring industry. In terms of new and better technologies, increased R&D in the field of remote monitoring, home automation systems, and the Internet of Things is a major element driving market expansion in North America. In North America, rising research and development activities at the academic and industrial levels are widening the application areas of alarm monitoring to include equipment monitoring, building alarm monitoring, environment monitoring, and medical equipment monitoring.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 47.2 Billion |
Projected Market Size in 2028 |
USD 60.4 Billion |
CAGR Growth Rate |
4.01% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
ADT (US), Moni (US), Honeywell (US), Securitas (Sweden), UTC (US), Schneider (France), Johnson Controls (US), Vivint (US), Vector Security (US), Bosch (Germany), and Others |
Key Segment |
By Application, Offering, Communication Technology, Input Signal, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Competitive Landscape
Some of the major companies operating in the global alarm monitoring market are ADT (US), Moni (US), Honeywell (US), Securitas (Sweden), UTC (US), Schneider (France), Johnson Controls (US), Vivint (US), Vector Security (US), Bosch (Germany) and among others.
The global alarm monitoring market is segmented as follows:
By Application
- Equipment monitoring
- Vehicle alarm monitoring
- Building alarm monitoring
- Environment monitoring
By Offering
- Systems and hardware
- Software, services, and solutions
By Communication Technology
- Wired telecommunication network
- Cellular wireless network
- Wireless radio network
- IP network
By Input Signal
By Region
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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