Dublin, April 30, 2018 (GLOBE NEWSWIRE) -- 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. False alarms are a major factor restraining the adoption of alarm monitoring systems.
In 2017, building alarm monitoring held the largest share of the overall alarm monitoring market. Residential buildings form a major segment of the alarm monitoring market for building alarm monitoring; a significant portion of the overall revenue in this segment is generated through monthly recurring charges, which are obtained for monitoring services. Building alarm monitoring is seen as a lucrative market because of the enormous growth opportunities in this market.
Protocol 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.
Alarm monitoring is still an emerging market in the developing economies in APAC. The higher growth rate of the market in APAC can be attributed to the fast-growing urban centers and increasing population, among other factors. Moreover, APAC is highly concerned about the increase in security spending owing to the ever-growing threat landscape in the region.
The prominent players in the alarm monitoring market include ADT (US), Moni (US), Honeywell (US), Securitas (Sweden), UTC (US), Schneider (France), Johnson Controls (US), Vivint (US), Vector Security (US), and Bosch (Germany).
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/4pvt6p/59_83_billion?w=12