New York, NY, Aug. 20, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Alarm Monitoring Market By Application (Equipment Monitoring, Vehicle Alarm Monitoring, Building Alarm Monitoring, and Environment Monitoring), By Offering (Systems & Hardware and Software, Services, & Solutions), By Communication Technology (Cellular Wireless Network, Wired Telecommunication Network, Wireless Radio Network, and IP Network), and By Input Signal (Discrete, Analog, and Protocol): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global alarm monitoring market was USD 46.02 billion in 2018 and is expected to reach approximately USD 65.38 billion by 2025, at a CAGR of slightly above 5.14% between 2019 and 2025.
Alarm monitoring is the communication between the security provider and home security system. The alarm registers an emergency event and intimates the monitoring station by sending a signal and informing the concerned authorities. The rapidly increasing adoption of security systems and the rising number of insurance policies for commercial and residential applications are major factors stimulating the alarm monitoring market globally. The rising need for security is one of the primary factors driving the market for alarm monitoring. Moreover, the availability of technologically-advanced systems for security and the rising investments witnessed in R&D activities to enhance the existing alarm monitoring systems are also likely to propel the alarm monitoring market over the estimated time period. The escalating demand for automation security systems for both residential and commercial applications is further expected to support the global market for alarm monitoring. However, the high cost of installation and maintenance of alarm monitoring systems and the stringent rules and regulations imposed by the government on vehicle and road safety may hinder market the product demand in the future.
Browse through 71 Tables & 31 Figures spread over 137 Pages and in-depth TOC on “Global Alarm Monitoring Market: Technology, Services, Size, Share, Industry Growth, Segments, Analysis and Forecast, 2018–2025”.
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On the basis of offering, the alarm monitoring market is divided into systems and hardware and software, services, and solutions. The software, services, and solutions segment is expected to hold a substantial market share over the projected timeline. Most players in the alarm monitoring market are making revenue by monitoring and installation monthly fees. Additionally, the leading players are offering free equipment and installation to expand their reach and grow their customer base.
The application segment of the alarm monitoring market is divided into equipment monitoring, building alarm monitoring, vehicle alarm monitoring, and environment monitoring. Vehicle alarm monitoring is expected to grow substantially, owing to the rising demand for vehicles and improving standards of living. The equipment monitoring segment is also expected to grow notably over the forthcoming years, owing to the reduced cost of IoT equipment that leads to cost-effective equipment monitoring.
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North America will major growth in the alarm monitoring market globally over the projected timeframe, owing to the regional presence of prominent market players like Moni, ADT, Honeywell, UTC, Vivint, Johnson Controls, and Vector Security. Moreover, the rising R&D activities at industry and academic levels are widening the application areas of alarm monitoring systems, which will make it easier to include equipment monitoring, is further driving this regional market. The technologically advanced countries like the U.S., Canada, and Mexico will further drive this regional market.
Alarm monitoring market in Europe is likely to contribute a substantial share in alarm monitoring market, owing to the rising crime rates and growing penetration of alarm monitoring systems across numerous industries. Moreover, the rising trend of security systems in major countries like Germany, France, and the UK is expected to propel the European alarm monitoring market.
Browse the full “Alarm Monitoring Market By Application (Equipment Monitoring, Vehicle Alarm Monitoring, Building Alarm Monitoring, and Environment Monitoring), By Offering (Systems & Hardware and Software, Services, & Solutions), By Communication Technology (Cellular Wireless Network, Wired Telecommunication Network, Wireless Radio Network, and IP Network), and By Input Signal (Discrete, Analog, and Protocol): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/alarm-monitoring-market
The Asia Pacific alarm monitoring market is estimated to grow at a notable rate over the forecast timeframe. The presence of technologically-sound countries like India, China, and Japan are anticipated to drive this market, owing to the rising demand for automobiles and automation. Additionally, increasing disposable income and changing standards of living will further accelerate the alarm monitoring market. Furthermore, the rapidly growing urban centers and ever-increasing regional population are likely to further fuel the Asia Pacific market.
Latin America is expected to witness moderate market growth, owing to the rising monitoring and asset management demand, increasing the need for security, and growing potential for smart homes across the region. The Middle East and Africa is expected to hold a substantial market share over the projected time period. The region is the largest market for electronic security products globally and contributed the highest market share in 2017, due to the high regional demand for video surveillance systems and monitoring.
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Some noticeable players of the alarm monitoring market are Moni, ADT, Securitas, Honeywell, Schneider, UTC, Vivint, Johnson Controls, Bosch, and Vector Security.
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This report segments the global alarm monitoring market into:
Global Alarm Monitoring Market: Application Analysis
- Equipment Monitoring
- Telecom Equipment
- Industrial Equipment Monitoring
- Medical Equipment Monitoring
- Others
- Vehicle Alarm Monitoring
- Building Alarm Monitoring
- Environment Monitoring
Global Alarm Monitoring Market: Offering Analysis
- Systems and Hardware
- Remote Terminal Units (RTU)
- Alarms Sensors
- Communication Networks and Gateways
- Central Monitoring Receivers
- Others
- Software, Services, and Solutions
- Monitoring Offering
- Installation Offering
- Software
Global Alarm Monitoring Market: Communication Technology Analysis
- Wired Telecommunication Network
- Cellular Wireless Network
- Wireless Radio Network
- IP Network
Global Alarm Monitoring Market: Input Signal Analysis
- Discrete
- Analog
- Protocol
Global Alarm Monitoring Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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