Alarm Monitoring Market Share 2019 | Global Market Trends, Growth Rate, Industry Analysis & Future Forecasts 2023

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MarketsandMarkets Presents

Alarm Monitoring Market Share 2019 Global
Market Trends, Growth Rate, Industry Analysis
Future Forecasts 2023 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
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alarm-monitoring.asp
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According to the new market research report on
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", published by
MarketsandMarkets, this 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. 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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Wired telecommunication network held the largest
share of the alarm monitoring market in
2017 Wired telecommunication network or PSTN is
the most commonly used communication technology
in the existing alarm monitoring systems its
reliability is a major reason of its dominating
presence. PSTN, being a legacy system, is widely
used in major regions. Most old alarm monitoring
systems make use of PSTN, and are not likely to
switch to newer technologies due to the high cost
and complexity involved. Ask PDF
Brochure https//www.marketsandmarkets.com/pdfdow
nloadNew.asp?id110120052 Residential buildings
to hold a larger share of the market for building
alarm monitoring throughout the forecast
period Residential buildings are expected to hold
a larger share of the alarm monitoring market for
building alarm monitoring throughout the forecast
period as the demand for home security systems is
increasing due to the rise in crime rates.
Monitoring of residential buildings is growing at
a high rate owing to the rising penetration of
security systems in the residential sector.
Increasing income, rising demand for security,
and discounts on home insurance policies are some
of the major factors boosting the adoption of
alarm monitoring systems in the residential
sector.
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North America to hold the largest share of the
alarm monitoring market during the forecast
period 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. The emerging RD activities at the
academic and industry levels are broadening the
application areas of alarm monitoring to include
equipment monitoring, building alarm monitoring,
environment monitoring, and medical equipment
monitoring in North America. Request Free Sample
Pages https//www.marketsandmarkets.com/requestsa
mpleNew.asp?id110120052 The report also
profiles the most promising players in the alarm
monitoring market. The competitive landscape
provides a picture of the strategies adopted by a
large number of the players in the market. The
key 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).

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