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Alarm Monitoring Market by Offering, Input Signal, Communication Technology, Application And Geography - Global Forecast to 2023

Alarm Monitoring Market: Global Forecast until 2023

  • March 2018
  • 134 pages
  • ID: 3359945
In this report:
China accounted for a share of ##.##% of the alarm monitoring market in APAC in 2017 and is expected to hold a share of ~##% by 2023.
The market for cellular wireless networkbased alarm monitoring for environmental monitoring is expected to grow at the highest CAGR of ##.##% between 2018 and 2023.
The market for analog input signals for environmental monitoring applications is expected to grow at a CAGR of ##.##% between 2018 and 2023.

Summary

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The alarm monitoring market is anticipated to increase at a CAGR (Compound annual growth rate) 5.50 percent between 2018 and 2023.

The global alarm monitoring market is anticipated to be valued at ~$45.7B in 2018 and is likely to reach ~$59.8B by 2023, at a compound annual growth rate (CAGR) 5.50 percent between 2018 and 2023. The main factors driving the increase of the alarm monitoring market contain attractive insurance policy discounts for installing security systems and growing popularity of smart homes and home automation systems. False alarms are a main factor restraining the adoption of alarm monitoring systems.

Building alarm monitoring held the most important share of the global alarm monitoring market in 2017.

In 2017, building alarm monitoring held the biggest share of the global alarm monitoring market.Residential buildings form a main segment of the alarm monitoring market for building alarm monitoring; a significant portion of the global revenue in this industry segment is generated through monthly recurring charges, which are obtained for monitoring services.

Building alarm monitoring is seen as a lucrative market as a result of the enormous increase opportunities in this industry.

The industry for protocol input signals for alarm monitoring is anticipated to rise at the highest CAGR (Compound annual growth rate) between 2018 and 2023.

Protocol inputs are electrical signals, which are formatted into a formal code that represents more complex information than that in case of discrete or analog signals.There are various types of protocols for transmitting telecom alarm data.

With increasing cybersecurity concerns, protocol signals are preferred over analog and discrete signals as these signals offer more security due to encryption.

The alarm monitoring market in Asia-Pacific is anticipated to grow at the highest compound annual growth rate (CAGR) between 2018 and 2023.

Alarm monitoring is still an emerging market in the developing economies in Asia-Pac.The higher increase rate of the market in Asia-Pacific can be accredited to the fast-growing urban centers and rising population, among other factors.

Furthermore, Asia-Pac is highly concerned about the growth in security spending due to the ever-growing threat landscape in the territory.

Break-up of the profiles of primary members taking part:

• By Company category: Tier 1 = 20.0 percent, Tier 2 = 45.0 percent, and Tier 3 = 35.0 percent

• By Description: C-suite executives = 60.0 percent and Managers = 40.0 percent,

• By Area: North America continent = 45.0 percent, Europe (EU) = 20.0 percent, Asia Pacific (APAC) = 30.0 percent, and Rest of the globe = 5.0 percent

The main players in the alarm monitoring market contain ADT, Moni, Honeywell, Securitas, UTC, Schneider, Johnson Controls, Vivint, Vector Security, and Bosch.

Segment Research

This market research classifies the overall alarm monitoring market based on end-use application, offering, communication technology, input signal, and area. The study discusses the main drivers, industry restraints, opportunities, and possibilities pertaining to the market, and includes value chain study.

Reasons to Buy the Report

The analysis would benefit competitors/new sector entrants in this sector in these ways:

1. This document breaks down the alarm monitoring market comprehensively and offers the closest industry size estimation for sub-segments across different areas.

2. The market research would benefit partners distinguish the pulse of the sector and offer them the information on key market drivers, market restraints, opportunities, and alternatives for the sector.

3. This industry report would benefit partners comprehend their players better and acquire additional insights to enhance their rank in the business sector. The competitive landscape section studies competitor ecosystem, and different developments including product launches, acquisitions, alliances, business developments, strategic agreements, contracts, agreements, and collaborations carried out by the key market players.

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