Evolution and Development of Alarm Monitoring Technology in US Region

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MarketsandMarkets Presents

Evolution and Development of Alarm Monitoring
Technology in US Region 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 https//www.marketsandmarkets.com/Market-Rep
orts/alarm-monitoring-market-110120052.html
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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 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 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. Browse 64 market data Tables and 47
Figures spread through 132 Pages and in-depth TOC
on "Alarm Monitoring Market - Global Forecast to
2023"
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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. Ask PDF
Brochure https//www.marketsandmarkets.com/pdfdow
nloadNew.asp?id110120052 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 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.
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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 cyber security concerns, protocol
signals are preferred over analog and discrete
signals as these signals provide more security
due to encryption. Request Free Sample
Pages https//www.marketsandmarkets.com/requestsa
mpleNew.asp?id110120052 Some of the major
players operating in the alarm monitoring market
are ADT (US), Moni (US), Honeywell US), Securitas
(Sweden), UTC (US), Schneider (France), Johnson
Controls (US), Vivint (US), Vector Security (US),
and Bosch (Germany).
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North America is in the forefront in the
evolution and development of alarm monitoring
technology as this region is home to some of the
largest multinational corporations in the world.
Most leading players operating in the
global alarm monitoring market are based in this
region. Increased RD in the field of remote
monitoring, home automation systems, and Internet
of Things, in terms of new and improved
technologies, is a major factor driving market
growth in North America.
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