The prominent players in the alarm monitoring market include ADT (US), Moni (US), Honeywell (US), Securitas (Sweden), UTC (US), Schneider (France),Johnson Controls (US), Vivint (US), Vector Security (US), and Bosch (Germany). “Alarm monitoring market expected to grow at a CAGR 5.5% between 2018 and 2023.” “Building alarm monitoring held largest share of overall alarm monitoring market in 2017.”
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The overall alarm monitoring market is expected to be valued at USD 45.70 billion in 2018 and is likely to reach USD 59.83 billion by 2023, at a CAGR 5.5% between 2018 and 2023. The major factors driving the growth of the alarm monitoring market include attractive insurance policy discounts for installing security systems and increasing popularity of smart homes and home automation systems.
False alarms are a major factor restraining the adoption of alarm monitoring systems.
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1 Attractive Opportunities for the Alarm Monitoring Market
2 Alarm Monitoring Market, By Communication Technology
3 Alarm Monitoring Market, By Application
4 Alarm Monitoring Market for Building Alarm Monitoring, By Building Type
5 Alarm Monitoring Market for Equipment Monitoring, By Equipment Type
6 Alarm Monitoring Market in North America, By Application and Country
7 Alarm Monitoring Market, By Geography
2 Market Ranking Analysis
3 Competitive Scenario
4 Product Launches and Developments
5 Partnerships, Acquisitions, and Collaborations
In 2017, building alarm monitoring held the largest share of the overall alarm monitoring market. Residential buildings form a major segment of the alarm monitoring market for building alarm monitoring; a significant portion of the overall revenue in this segment is generated through monthly recurring charges, which are obtained for monitoring services.
Building alarm monitoring is seen as a lucrative market because of the enormous growth opportunities in this market.
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Alarm monitoring market research study involves use of extensive secondary sources, directories, & databases (like annual reports, press releases, journals, company websites, & paid databases) to identify & collect information useful for this study. Entire procedure includes study of financial reports of top market players.
After arriving at overall market size, total market has been split into several segments & subsegments & confirmed with key industry experts like CEOs, VPs, directors, & marketing executives.
Key Target Audience:
- Semiconductor and electronic component providers
- Connectivity providers
- Monitoring service providers
- Platform providers
- Research organizations
- Technology investors
- Technology standard organizations, alliances, and associations
Alarm monitoring market is still an emerging market in the developing economies in APAC. The higher growth rate of the market in APAC can be attributed to the fast-growing urban centers and increasing population, among other factors.
Moreover, APAC is highly concerned about the increase in security spending owing to the ever-growing threat landscape in the region.
Connect for More Details for More Information “Alarm Monitoring Market by Offering (Systems Hardware, Services), Input Signal (Discrete, Protocol), Communication Technology (Wired, Cellular, IP), Application (Building, Equipment, Vehicle Alarm Monitoring), and Geography - Global Forecast to 2023” report @ www.rnrmarketresearch.com/contacts…unt?rname=1441684 .
Research report categorizes the global alarm monitoring market on the basis of end-use application, offering, communication technology, input signal, and geography. The report discusses the major drivers, restraints, challenges, and opportunities pertaining to the market, and includes value chain analysis.
The report would help leaders/new entrants in this market in the following ways:
- This report segments the alarm monitoring market comprehensively and provides the closest market size estimation for sub segments across different regions.
- The report would help stakeholders understand the pulse of the market and provide them the information on key drivers, restraints, challenges, and opportunities for the market.
- This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section studies competitor ecosystem, and various developments such as product launches, acquisitions, partnerships, expansions, agreements, contracts, alliances, and collaborations carried out by the market players.
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