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Global Alarm Monitoring Market to Reach $57.7 Billion by 2026
[June 02, 2021]

Global Alarm Monitoring Market to Reach $57.7 Billion by 2026


SAN FRANCISCO, June 2, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Alarm Monitoring - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 19; Released: March 2021
Executive Engagements: 22798
Companies: 269 - Players covered include Ademco (Far East) Pte Ltd.; ADT LLC; Bosch Security Systems; Chubb Community Care; G4S PLC; Global Security Solutions; Guardian Protection Services, Inc.; Honeywell Access; Honeywell International, Inc.; ISONAS; Johnson Controls International Plc; MONI Smart Security; Prosegur compania de Seguridad; Secom Co., Ltd.; Securitas AB; Slomin`s, Inc.; Stanley Convergent Security Solutions, Inc.; Swann Communications Pty. Ltd.; UTC Climate; Vector Security, Inc.; Verisure Holding AB; Vivint, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Offering (Software, Services & Solutions, Systems & Hardware); Technology (Wired Telecommunication Network, Cellular Wireless Network, Wireless Radio Network, IP Network); Application (Building Alarm Monitoring, Equipment Monitoring, Vehicle Alarm Monitoring, Environmental Monitoring)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global Alarm Monitoring Market to Reach $57.7 Billion by 2026
Over the years, the global alarm monitoring industry has been garnering considerable business driven by rising concerns about crime in society. Security systems are currently a vital componentin the safety and security plans of homeowners and organizations across the globe. Incremental technology development induced rise in product sophistication, and fall in prices have additionally helped expand demand in the market. The market has also benefited from the rising frequency of terrorist attacks, and the resultant increases in government expenditures on public safety. With businesses prioritizing safety and security of physical assets, it's opportunities galore in the market in the upcoming years. The growing realization of the fact that alarm monitoring systems/services have a relatively faster and higher return on investment than employing manned guards also bodes well for the market.



Amid the COVID-19 crisis, the global market for Alarm Monitoring estimated at US$43.7 Billion in the year 2020, is projected to reach a revised size of US$57.7 Billion by 2026, growing at a CAGR of 4.8% over the analysis period. Software, Services & Solutions, one of the segments analyzed in the report, is projected to grow at a 5.2% CAGR to reach US$38.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Systems & Hardware segment is readjusted to a revised 4.3% CAGR for the next 7-year period. This segment currently accounts for a 38.5% share of the global Alarm Monitoring market.

The U.S. Market is Estimated at $17.1 Billion in 2021, While China is Forecast to Reach $6.3 Billion by 2026
The Alarm Monitoring market in the U.S. is estimated at US$17.1 Billion in the year 2021. The country currently accounts for a 38.45% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$6.3 Billion in the year 2026 trailing a CAGR of 6.8% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 4.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR while Rest of European market (as defined in the study) will reach US$6.9 Billion by the close of the analysis period.


Software, solutions and services represent major source of income, as companies generate regular streams of revenues through monitoring fees that is charged on a monthly basis. Most companies do not charge for equipment and installation in order to widen their customer-base. With respect to communication technologies used for existing alarm monitoring systems, the wired telecommunication network dominates the alarm monitoring market, owing to the reliability of this communication technology. And, of all the end-use applications, the market remains the largest for building alarm monitoring systems, of which residential buildings comprise a major part.

Wired Telecommunication Network Segment to Reach $26.5 Billion by 2026
Global Wired Telecommunication Network segment is estimated at US$20.2 Billion in 2020, and is projected to reach US$26.5 Billion by 2026 reflecting a compounded annual growth rate of 4.8% over the analysis period. United States constitutes the largest regional market for Wired Telecommunication Network segment, accounting for 35.7% of the global sales in 2020. China is poised to register the fastest compounded annual growth rate of 6.7% over the analysis period, to reach US$3.5 Billion by 2026. More

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About Global Industry Analysts, Inc. & StrategyR
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com 
Email: ZA@StrategyR.com 

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SOURCE Global Industry Analysts, Inc.


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