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Alarm Monitoring Market Major Impacting Factors to Growth of the Industry by Key Players

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Alarm monitoring system is a device that communicates between home security system and the server of security service provider. This system records an emergency event and immediately sends a signal to the central monitoring station from where the authorities are notified and sent to one’s home. These alarm monitoring systems are installed in order to ensure safety of people present in the premises in case of any emergencies such as fire, explosions or any medical emergencies.

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Companies Covered in this Report :
ADT
Moni
Honeywell
Securitas
UTC (Chubb)
Schneider
Johnson Controls
Vivint
Vector Security
Bosch

This report focuses on various types of alarm monitoring systems available in the market. The market values and projected growth of such systems in various applications and end users is covered in details in this report.

Market Scope:

The scope of this study covers analysis of alarm monitoring systems by offerings such as systems and hardware, and software, services and solutions. By input signal the market is segmented into analog, discrete, and protocol. The application segment covers the market for building alarm monitoring, equipment monitoring, vehicle alarm monitoring, and environmental monitoring. The regional analysis include adoption of alarm monitoring across North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA) and Latin America. The market size is estimated both in terms of value (in USD), for all market segments.

Drivers:

North America is expected to dominate the market in 2018 as most of the major players operate through the US. However, Asia-Pacific is expected to grow at the highest CAGR during the forecast period.

Globally, though the conventional crime rate is actually on the decline in several mature markets and growing more slowly or declining in many developing countries, the opinion of crime remains the same in many regions. This is due to an increased awareness of threats and crime and a rise of geopolitical and societal tensions leading to security breaches and more non-conventional crimes, such as terrorism. Based on this, consumers across the globe are more concerned about security than ever before, especially in residential areas. Increasing safety and security concerns among the independent homeowners is enhancing the demand for home security systems. Moreover, breaches and thefts in business premises and servers are also backing the growing demand for security systems in many of the business hubs. This unease is a substantial contributor to the growth of the home security market and ultimately drives the market for alarm monitoring systems and services across the globe.

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Restraints:

Alarm systems and their supporting monitoring paths are useful but are not perfect. It is important to understand the weaknesses of these technologies as designing and implementing security solutions in a rapidly changing marketplace. A system when designed might be thoroughly provisioned for management by remote mobile device, but the sensor choice makes it highly prone to false alarm events.

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