Global Alarm Monitoring Market 2018-2023: Growing Popularity of Smart Homes and Home Automation Systems
DUBLIN, April 24, 2018 /PRNewswire/ --
The "Alarm Monitoring Market by Offering (Systems Hardware, Services), Input Signal (Discrete, Protocol), Communication Technology (Wired, Cellular, IP), Application (Building, Equipment, Vehicle Alarm Monitoring), and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The overall alarm monitoring market is expected to be valued at USD 45.70 Billion in 2018 and is likely to reach USD 59.83 Billion by 2023, at a CAGR 5.5% between 2018 and 2023.
The major factors driving the growth of the alarm monitoring market include attractive insurance policy discounts for installing security systems and increasing popularity of smart homes and home automation systems.
Software, services, and solutions held a major share of the overall alarm monitoring market in 2017. The software, services, and solutions segment dominates the alarm monitoring market as most players in this market generate revenues through monitoring and installation fees, which they obtain as monthly recurring charges. Many players in this market offer free equipment and installation to expand their customer base.
Among all communication technologies, wired telecommunication network held the largest share of the overall alarm monitoring market in 2017. Wired telecommunication is the most commonly used communication technology in the existing alarm monitoring systems; its reliability is a major reason of its dominating presence.
Among all end-use applications, building alarm monitoring held the largest share of the overall alarm monitoring market in 2017. Alarm monitoring systems installed in buildings are designed to detect emergency situations such as fire, smoke, intrusion, and flood. Residential buildings form a major segment of the alarm monitoring market for building alarm monitoring; a major part of the overall revenue in this segment is generated through monthly recurring charges, which alarm monitoring companies obtain in lieu of monitoring services. Most companies catering to residential customers do not charge for the equipment or installation costs; however; they charge a monthly fee for monitoring.
Protcol 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 different types of protocols for transmitting telecom alarm data. With growing cybersecurity concerns, protocol signals are preferred over analog and discrete signals as these signals provide more security due to encryption.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities for the Alarm Monitoring Market 4.2 Alarm Monitoring Market, By Communication Technology 4.3 Alarm Monitoring Market, By Application 4.4 Alarm Monitoring Market for Building Alarm Monitoring, By Building Type 4.5 Alarm Monitoring Market for Equipment Monitoring, By Equipment Type 4.6 Alarm Monitoring Market in North America, By Application and Country 4.7 Alarm Monitoring Market, By Geography
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Attractive Insurance Policy Discounts for Installing Security Systems 5.2.1.2 Growing Popularity of Smart Homes and Home Automation Systems 5.2.2 Restraints 5.2.2.1 False Alarms 5.2.3 Opportunities 5.2.3.1 Diy Home Security Systems 5.2.3.2 Smartphone-And Handheld Device-Based Security Systems 5.2.4 Challenges 5.2.4.1 Telecom and Cable Companies Entering the Alarm Monitoring Space 5.3 Value Chain Analysis 5.3.1 Research and Product Development 5.3.2 Alarm Monitoring Original Equipment Manufacturers (OEMS) 5.3.3 Key Technology Providers/System Integrators 5.3.4 Alarm Monitoring Service Providers 5.3.5 Applications 5.4 Key Industry Trends
6 Alarm Monitoring Market, By Offering 6.1 Introduction 6.2 Systems & Hardware 6.2.1 Remote Terminal Units (RTUS) 6.2.2 Alarms Sensors 6.2.2.1 Motion Detector Sensors 6.2.2.2 Door/Window Sensors 6.2.2.3 Fire/Smoke Detecting Sensors 6.2.3 Communication Networks & Gateways 6.2.4 Central Monitoring Receivers 6.2.5 Others 6.3 Software, Services, & Solutions 6.3.1 Monitoring Services 6.3.2 Installation Services 6.3.3 Software
7 Alarm Monitoring Market, By Input Signal 7.1 Introduction 7.2 Analog 7.3 Discrete 7.4 Protocol
8 Alarm Monitoring Market, By Communication Technology 8.1 Introduction 8.2 Wired Telecommunication Network 8.3 Cellular Wireless Network 8.4 Wireless Radio Network 8.4.1 IP Network
9 Alarm Monitoring Market, By Application 9.1 Introduction 9.2 Building Alarm Monitoring 9.3 Equipment Monitoring 9.3.1 Telecom Equipment 9.3.2 Industrial Equipment Monitoring 9.3.3 Medical Equipment Monitoring 9.3.4 Others 9.4 Vehicle Alarm Monitoring 9.5 Environmental Monitoring
10 Geographic Analysis
11 Competitive Landscape 11.1 Overview 11.2 Market Ranking Analysis 11.3 Competitive Scenario 11.3.1 Product Launches and Developments 11.3.2 Partnerships, Acquisitions, and Collaborations
12 Company Profiles 12.1 Key Players 12.1.1 ADT 12.1.2 Moni 12.1.3 Honeywell 12.1.4 Securitas 12.1.5 UTC (Chubb) 12.1.6 Schneider 12.1.7 Johnson Controls 12.1.8 Vivint 12.1.9 Vector Security 12.1.10 Bosch 12.2 Other Key Players 12.2.1 Comcast 12.2.2 Slomin's 12.2.3 G4s 12.2.4 Sector Alarm 12.2.5 Prosegur 12.2.6 ABB 12.2.7 Engineered Protection Systems 12.2.8 Stanley Security 12.2.9 Trigion 12.2.10 AT&T
For more information about this report visit https://www.researchandmarkets.com/research/8rpctc/global_alarm?w=5
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