Alarm Monitoring Market worth 54.46 Billion USD by 2020

BUILDING ALARM MONITORING IS A KEY TECHNOLOGY FOR SAFETY AND SECURITY

Alarm monitoring is a detailed, real-time communication between security system sensors and a central control and monitoring system of the security services and solutions provider. The various players in the security & surveillance market are implementing alarm monitoring techniques by integrating alarm monitoring modules in residential & commercial buildings, government & public buildings, and other areas to make them safe.

Increasing terrorist attacks and acts of violent crimes, which lead to loss of property and life, can be minimized by implementing these systems. In addition, alarm monitoring systems are used in tracking equipment & systems and in the healthcare industry for tracking medical equipment, remotely monitoring patients, and telemedicine purposes. The alarm monitoring market has also gained importance in the European Union, where guidelines have been imposed to install alarm systems in commercial buildings.

The growth of this market is being pushed by the increase in crime rates. The rapid growth and penetration of smartphones and other handheld smart devices such as tablets has created unique opportunities for companies providing real-time alarm monitoring systems and services.

The report on the alarm monitoring market analyzes the complete value chain and explains in detail the major segments and subsegments of the market. The market for alarm monitoring has been segmented on the basis of input signal, communication technology, component, and end-user. These segments and subsegments have been discussed in detail, along with current market size and future projections in terms of revenue. It also analyzes the market trends, along with the market dynamics, such as drivers, restraints, opportunities, and challenges, pertaining to the industry. The report profiles the leading players operating in the market, along with their recent developments and other strategic business activities. 

The competitive landscape section of the report provides key growth strategies and a detailed market ranking analysis of the major players in the alarm monitoring market. Some of the major players in this market are ADT Corporation (U.S.), Honeywell International Inc. (U.S.), Monitronics International (U.S.), Tyco International Ltd. (Switzerland), United Technologies Corporation (U.S among others.