Global Alarm Monitoring Market Report Size, Trends & Growth Opportunity, By Input Signal (Protocol, Discrete, and Analog), By Offering (Installation Services, Monitoring Services, Software, Central Monitoring Receivers, Alarms Sensors, Remote Terminal Units, and Others), By Technology (IP Network, Wireless Radio Network, Cellular Wireless Network, and Wired Telecommunication Network) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East) And Forecast Till 2027.
Report ID : IR100356 | Industries : Energy & Power | Published On :May 2024 | Page Count : 241
Global Alarm Monitoring Market Report Size, Trends & Growth Opportunity, By Input Signal (Protocol, Discrete, and Analog), By Offering (Installation Services, Monitoring Services, Software, Central Monitoring Receivers, Alarms Sensors, Remote Terminal Units, and Others), By Technology (IP Network, Wireless Radio Network, Cellular Wireless Network, and Wired Telecommunication Network) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East) And Forecast Till 2027.
Market Overview
The global alarm monitoring market was valued at USD 48.7 billion in 2022 and is expected to reach USD 58.2 billion by 2027 at a CAGR of 3.01%.
Alarm monitoring process is the communication between security system and the central station of security. It provides various services to detect burglars, fire, and residential alarm systems. Alarm monitoring processes record emergency events and send a signal to the central monitoring system. Alarm monitoring systems use computers, telephones, radio channels, and trained staff to monitor the security systems of customers.
Market Drivers
Rise in crime rate and increasing insurance policies related to installing security systems are the key driving factors which are expected to boost the global alarm monitoring market growth. Furthermore, a high adoption rate of automation systems will have a positive impact on the global alarm monitoring industry. Alarm monitoring systems are also used in the medical industry to enable immediate attention from medical personnel during medical emergencies. Moreover, an increase in technological advancements in smart phones and hand-held device-based security systems is expected to fuel the global alarm monitoring market's growth.
Market Restraints
However, high maintenance costs and high installation costs are the challenging factors that are expected to hamper the global alarm monitoring market's growth.
Market Segmentation
The global alarm monitoring market is segmented by input signal such as protocol, discrete, and analog, and by offerings such as installation services, monitoring services, software, central monitoring receivers, alarm sensors, remote terminal units, and others. Further, the global alarm monitoring market is segmented by technology, such as IP networks, wireless radio networks, cellular wireless networks, and wired telecommunication networks.
Regional Analysis
The global alarm monitoring market is segmented into five regions, such as North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Governments are making investments in security measures for their different nations. The creation of smart cities is one of the major areas of architectural innovation, using additional monitoring, warning, and access control technologies. The construction of more than 100 cities across India as part of the Smart City Mission by the Indian government is enhancing the regional economy. Technologically sophisticated countries like China and Japan are anticipated to be the primary markets due to rising demand for automobiles and automation. The alarm monitoring industry would also be driven by a high level of disposable income and changing living standards because consumers tend to own their own homes as their financial stability increases. Additionally, rapidly developing metropolises and a continuously growing local population are anticipated to fuel the Asia-Pacific market. The regional market is also being driven by the increased R&D efforts being made at the academic and industrial research levels, which are expanding the numerous uses of alarm monitoring systems and making it easier to integrate asset monitoring.
Market Key Players
Various key players are discussed in this report, such as Bosch, Vector Security, Vivint, Johnson Controls, Schneider, UTC (Chubb), Securitas, Honeywell, Moni, and ADT.
Market Taxonomy
By Input Signal
• Protocol
• Discrete
• Analog
By Offerings
• Installation Services
• Monitoring Services
• Software
• Central Monitoring Receivers
• Alarms Sensors
• Remote Terminal Units
• Others
By Technology
• IP Network
• Wireless Radio Network
• Cellular Wireless Network
• Wired Telecommunication Network
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa
Global Alarm Monitoring Market TOC:
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Alarm Monitoring Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Alarm Monitoring Market, By Input Signal
5.1 Y-o-Y Growth Comparison, By Input Signal
5.2 Global Alarm Monitoring Market Share Analysis, By Input Signal
5.3 Global Alarm Monitoring Market Size and Forecast, By Input Signal
5.3.1 Protocol
5.3.2Discrete
5.3.3Analog
6 Global Alarm Monitoring Market, By Offerings
6.1 Y-o-Y Growth Comparison, By Offerings
6.2 Global Alarm Monitoring Market Share Analysis, By Offerings
6.3 Global Alarm Monitoring Market Size and Forecast, By Offerings
6.3.1 Installation Services
6.3.2 Monitoring Services
6.3.3Software
6.3.4Central Monitoring Receivers
6.3.5Alarms Sensors
6.3.6Remote Terminal Units
6.3.7Others
7 Global Alarm Monitoring Market, By Technology
7.1 Y-o-Y Growth Comparison, By Technology
7.2 Global Alarm Monitoring Market Share Analysis, By Technology
7.3 Global Alarm Monitoring Market Size and Forecast, By Technology
7.3.1 IP Network
7.3.2 Wireless Radio Network
7.3.3Cellular Wireless Network
7.3.4Wired Telecommunication Network
8Global Alarm Monitoring Market, By Region
8.1 Global Alarm Monitoring Market Share Analysis, By Region
8.2 Global Alarm Monitoring Market Share Analysis, By Region
8.3 Global Alarm Monitoring Market Size and Forecast, By Region
9 North America Alarm Monitoring Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Alarm Monitoring Market Share Analysis, By Input Signal
9.3 North America Alarm Monitoring Market Size and Forecast, By Offerings
9.4 North America Alarm Monitoring Market Size and Forecast, By Technology
9.5 North America Alarm Monitoring Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10Europe Alarm Monitoring Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Alarm Monitoring Market Share Analysis, By Input Signal
10.3 Europe Alarm Monitoring Market Size and Forecast, By Offerings
10.4 Europe Alarm Monitoring Market Size and Forecast, By Technology
10.5 Europe Alarm Monitoring Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11Asia Pacific Alarm Monitoring Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific Alarm Monitoring Market Share Analysis, By Input Signal
11.3 Asia Pacific Alarm Monitoring Market Size and Forecast, By Offerings
11.4 Asia Pacific Alarm Monitoring Market Size and Forecast, By Technology
11.5 Asia Pacific Alarm Monitoring Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12Latin America Alarm Monitoring Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Alarm Monitoring Market Share Analysis, By Input Signal
12.3 Latin America Alarm Monitoring Market Size and Forecast, By Offerings
12.4 Latin America Alarm Monitoring Market Size and Forecast, By Technology
12.5 Latin America Alarm Monitoring Market Size and Forecast, Country
13Middle East Alarm Monitoring Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle East Alarm Monitoring Market Share Analysis, By Input Signal
13.3 Middle East Alarm Monitoring Market Size and Forecast, By Offerings
13.4 Middle East Alarm Monitoring Market Size and Forecast, By Technology
13.5 Middle East Alarm Monitoring Market Size and Forecast, By Country
14Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15Company Profiles
15.1 Bosch
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Vector Security
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Vivint
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Johnson Controls
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Schneider
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 UTC (Chubb)
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Securitas
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Honeywell,
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Moni
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 ADT
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies