Global Alarm Monitoring Market Opportunities and Forecast 2023-2030

Alarm Monitoring Market Overview

The Alarm Monitoring market is projected to witness a significant growth during the forecast period. The Alarm Monitoring market growth is driven by the increasing demand for Alarm Monitorings Factors contributing to this growth include increasing focus on home and business security across the globe, growing number of thefts and break-ins, technological advancements, and attractive insurance policies and discounts for installing security systems.

Furthermore, increasing adoption of DIY home security systems, and handheld devices based security systems offer significant growth opportunities in the global alarm monitoring market during the forecast period. et.

However, technical defaults resulting in false alarms, and high cost of installation and maintenance of alarm monitoring systems are likely to affect the growth of this market during the forecast period.

Covid-19 Impact on Alarm Monitoring Market:

Like many other industries, COVID-19 badly knocked the electronic and semiconductor industry. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the growth of the overall sector. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.

Alarm Monitoring Market Segment Overview

On the basis of offering, the global alarm monitoring market is segmented into systems and hardware and software, services, & solutions. The software, services & solutions segment is expected to account for maximum market share in 2019. This segment is also projected to grow at the highest CAGR during the forecast period.

On the basis of the input signal, the global alarm monitoring market is segmented into analog, discrete and protocol. The analog segment is expected to account for the maximum market share in 2019. However, protocol segment is also projected to grow at a highest CAGR during the forecast period.

On the basis of communication technology, the global alarm monitoring market is segmented into wired telecommunication network, cellular wireless networks, and wireless radio network. The wired telecommunication network segment is expected to account for maximum market share in 2019. However, IP network segment is also projected to grow at a highest CAGR during the forecast period.

On the basis of application, the global alarm monitoring market is segmented into building alarm monitoring, equipment monitoring, vehicle alarm monitoring, and environmental monitoring. The building alarm monitoring segment is expected to account for maximum market share in 2019. However, vehicle alarm monitoring segment is projected to grow at a highest CAGR during the forecast period.

Market Analysis, Insights and Forecast – By Offering

·       Systems And Hardware
·       Software, Services, & Solutions

Market Analysis, Insights, and Forecast – By Input Signal

·       Analog
·       Discrete
·       Protocol

Market Analysis, Insights, and Forecast – By Communication Technology

·       Wired Telecommunication Network
·       Cellular Wireless Network
·       Wireless Radio Network
·       IPP Network

Market Analysis, Insights, and Forecast – By Application

·       Building Alarm Monitoring
·       Equipment Monitoring
·       Vehicle Alarm Monitoring
·       Environmental Monitoring

Alarm Monitoring Market Regional Overview

The regional analysis include adoption of Alarm Monitoring products across North America, Europe, Asia-Pacific (APAC), Latin America Middle East & Africa (MEA). North America accounted for largest market share in 2020, in the alarm monitoring market. The US is the most lucrative market in North America driving the demand for global alarm monitoring market growth. Factors such as growing focus on home and building security, increasing number of thefts and breaches, technological advancements, and growing investments in the field of security system are largely contributing to the growth of alarm monitoring market in North American region. Asia Pacific is also projected to be the fastest growing Alarm Monitoring market Factors such as the fast-growing urban centers and increasing population, among other factor.

Alarm Monitoring Market, By Geography

·       North America (US & Canada)
·       Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
·       Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
·       LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)

Alarm Monitoring Market Competitor overview

Some key developments and strategies adopted by manufacturers in the Alarm Monitoring are highlighted below.

·       In August 2018, Honeywell launched its do-it-yourself Honeywell Smart Home Security system to safeguard and secure the loved ones and home.

Alarm Monitoring Market, Key Players

·       ABB Ltd.
·       Siemens AG
·       ADT
·       Honeywell
·       Securitas
·       UTC (Chubb)
·       Schneider
·       Johnson Controls
·       Vector Security
·       Bosch