Professional Alarm Monitoring Market- Key Players are Honeywell, Moni, Securitas

Posted by Monali Raghuwanshi on August 7th, 2019

Global Professional Alarm Monitoring Market: Overview

Professional alarm monitoring is essentially a swift, detailed communication between one’s home security system and the central station of the security provider. In case one’s control panel uncovers an untoward incident, it sends a signal to the central monitoring station from where authorities are sent to one’s home immediately. While the technical specifications vary slightly from security provider to provider, alarm monitoring system is basically the same in any home security system.

This is how it works: The system control panel of a consumer is the center of a host of sensors such as window or door sensors, tamper sensors outfitted in the telephone box, motion detectors, or specialized smoke and temperature detectors. With the triggering of any of these sensors, the monitoring station is alerted typically via the telephone line. In some cases the professional alarm monitoring systems also provide alternate backup transmission options.

A recent report by Transparency Market Research sheds light on the important aspects of the professional alarm monitoring market. It has banked upon exhaustive primary and secondary research to uncover crucial facts on the market such as its size, the tailwinds and headwinds shaping its trajectory, and the promising product segments and players spearheading growth.

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Global Professional Alarm Monitoring Market: Key Trends

The global market for professional alarm monitoring is mainly being fuelled by attractive discounts on insurance policies for installing such systems and the surging popularity of the ultra-modern smart homes replete with home automation systems. Besides, continued thrust on product development leveraging latest technologies by astute players in the market, coupled with the rising spending capacity of people worldwide, is also expected to have a positive bearing on the market.

A few of the noticeable trends in the global market for professional alarm monitoring that might help keen companies operating in it to beat the competition are as follows:

  • Among the prominent end users, residential buildings are predicted to account for greater share for home security systems due to the rising crime rates, particularly in less crowded suburbs of large cities and also because of rising awareness among home owners about such systems.
  • Among the various communication technologies deployed in the global market for professional alarm monitoring such as cellular wireless network, wired communication network, wireless radio network, and IP network, the wired communication network, also known as PSTN, is seeing widespread uptake. This is mainly on account of its reliability. Being a legacy system, they are mostly found in older alarm monitoring systems.

Global Professional Alarm Monitoring Market: Regional Outlook

From a geographical standpoint, North America is a prominent market in the worldwide professional alarm monitoring market. The region’s impressive growth has been mainly on account of the presence of many key multinational companies in the domain in the continent, particularly in the U.S. They are funneling large amounts into cutting-edge research and development to come up with more evolved remote monitoring and home automation monitoring, banking upon new age technologies such as Internet of Things (IoT).

Global Professional Alarm Monitoring Market: Competitive Dynamics

Schneider, Bosch, ADT, Honeywell, Moni, Securitas, UTC, Vivint, Vector Security, and Johnson Controls are to name a few of the prominent participants in the global market for professional monitoring that have been profiled in the report. The report finds that most of them have banked upon product development to grow their market shares considerably.

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Monali Raghuwanshi

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Monali Raghuwanshi
Joined: July 12th, 2019
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