The report, “Alarm Monitoring Market by Offering, Input Signal, Communication Technology, Application, and Geography - Global Forecast to 2023” published by MarketsandMarkets, sees the alarm-monitoring market valued at $45.70 Billion in 2018 and is likely to reach $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.
Conclusions
- Wired telecommunication network held the largest share of the alarm monitoring market in 2017
- Residential buildings to hold a larger share of the market for building alarm monitoring throughout the forecast period
- North America to hold the largest share of the alarm monitoring market during the forecast period
- The report also profiles the most promising players in the alarm monitoring market. The competitive landscape provides a picture of the strategies adopted by many 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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