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Alarm Monitoring Market Size, Share Global Analysis Report, 2022 – 2028
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
Industry Insights
[201+ Pages Report] 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. The report analyses the global alarm monitoring market’s drivers and restraints, as well as the impact they have on-demand throughout the projection period. In addition, the report examines global opportunities in the alarm monitoring market.
Market Overview
The alarm monitoring system serves as a link between the home security system and the security service provider. Alarm monitoring systems notify service providers of a burglary, fire, or medical emergency. The global market for professional alarm monitoring is being driven primarily by attractive discounts on insurance plans for installing such systems, as well as the growing popularity of ultra-modern smart houses outfitted with home automation systems.
Additionally, perceptive market players' continuing emphasis on product development using the newest technology, combined with expanding global spending capacity, is likely to have a beneficial impact on the market. Consumers are becoming more aware of security issues, and they have begun to install surveillance and warning systems in their homes to prevent incidents such as theft and fire.
Growth Drivers
The increasing use of electronic security systems in public spaces is propelling the industry forward. Moreover, the availability of technologically improved security systems, as well as increased investment in R&D to improve the operation of alarm monitoring systems, are drivers boosting global market expansion. False alarms are a key impediment to the widespread adoption of alarm monitoring systems. The exterior physical environment, such as temperature and humidity variations, has an impact on alarm systems.
Prank calls, erroneous keypad codes, and a lack of training for authorized users are all common sources of false alerts. False alarms heighten the risk to public safety. Additionally, the high cost of installation and maintenance of alarm monitoring systems is another aspect that may have an impact on the target market's growth.
COVID-19 Impact
The recent breakout of the COVID-19 problem, on the other hand, is of an entirely different magnitude than any preceding recession. Not only has it had an influence on consumer spending, but compulsory mass quarantines have saturated nearly every country on the planet. As a result, growth in the alarm monitoring sector is likely to slow for the remainder of the pandemic period. Furthermore, consumer demand has subsequently fallen as individuals are now more focused on reducing non-essential spending from their separate budgets since the overall economic state of the majority of people has been adversely affected by this epidemic.
These factors are projected to weigh on the revenue trajectory of the worldwide Alarm Monitoring Market throughout the forecast period. However, when regional regulatory bodies begin to relax these imposed restrictions, the worldwide Alarm Monitoring Market is likely to rebound.
Segmentation Analysis
The global Alarm Monitoring Market is segregated based on Application, Offering, Communication Technology, and Input Signal.
The cellular wireless network communication technology category will have the largest market share in terms of Communication Technology. Cellular wireless networks are increasingly being used to connect control panels and alarm monitoring centers. It is mostly utilized as a backup connecting option in the event that the major lines fail. The market for cellular wireless network-based alarm monitoring is expanding as cellular network reliability improves. In the total alarm monitoring market, the wired telecommunication network will increase at a high pace over the forecast period. Wired telecommunication is the most often used communication mode in existing alarm monitoring systems; its dependability is a major driver in its expansion.
The building alarm monitoring industry accounted for the lion's share of the alarm monitoring market in terms of Applications. Building alarm monitoring systems are designed to detect emergency situations such as fire, smoke, unauthorized access, and floods. Residential buildings account for a substantial component of the building alarm monitoring industry; a sizable portion of overall revenue in this category is obtained from monthly recurring charges, which alarm monitoring providers collect in lieu of monitoring services. Most companies that cater to residential customers do not charge for equipment or installation, but they do charge a monthly monitoring fee.
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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Regional Landscape
North America will have the highest revenue share during the predicted period. The increasing need for cloud-based solutions is expected to drive market expansion in the region. The United States is expected to see significant growth as a result of increasingly stringent rules and regulations governing safety precautions in commercial buildings.
According to the United States Regulatory Reforms, commercial buildings are required to have a fire alarm system. This will most likely drive demand in the country. Similarly, with increasing government regulation in South America, the adoption of safety and security solutions has grown in popularity. This is projected to improve the region's alarm monitoring software industry.
Competitive Landscape
The report contains qualitative and quantitative research on the global Alarm Monitoring Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.
List of Key Players in the Global Alarm Monitoring Market:
- ADT (US)
- Moni (US)
- Honeywell (US)
- Securitas (Sweden)
- UTC (US)
- Schneider (France)
- Johnson Controls (US)
- Vivint (US)
- Vector Security (US)
- Bosch (Germany)
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
- Discrete
- Analog
- Protocol
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Sweden
- Norway
- 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
Table of Content
Industry Major Market Players
- ADT (US)
- Moni (US)
- Honeywell (US)
- Securitas (Sweden)
- UTC (US)
- Schneider (France)
- Johnson Controls (US)
- Vivint (US)
- Vector Security (US)
- Bosch (Germany)
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