Press release
Alarm Monitoring Market Growing Massively by 2021-2026 Major Players: ABB Ltd., Siemens AG, Rockwell Automation Inc.
Market Insights Reports delivers key insights on the Alarm Monitoring market in its latest report titled, “Alarm Monitoring Market - Growth, Trends, COVID-19 Impact, And Forecasts (2021 - 2026)” provides an in-depth analysis of key players strategies, market growth, product demand, growth factors, technological innovations, regional outlook and global dynamics which includes drivers, challenges, and opportunities dominant in the industry. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.The Alarm Monitoring Market is expected to grow at a CAGR of 5.4% over the forecast period (2021-2026).
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Top Key Players in the Global Alarm Monitoring Market: ABB Ltd., Siemens AG, Rockwell Automation Inc., Honeywell International Inc., Schneider Electric SE, ADT Corporation, Diebold Nixdorf, Tyco International Plc, United Technologies Corporation, Johnson Controls International Plc, CPI Security System Inc., FrontPoint Security Solutions LLC, Samsung Electronics Co Ltd.
- April 2020 - PPP Taking Care, which is one of the UK's prominent providers of personal alarms, has implemented multiple new measures in order to protect the safety and health of its clients, their family members and staff members during the coronavirus outbreak. To give the vulnerable individuals, their carers and families added reassurance during this challenging time, the company is offering its new clients a 30-day home trial with six weeks of free alarm monitoring. The provider is also extending its returns period from 15 to 30 days.
Key Market Trends
Residential Segment to Drive Building Alarm Monitoring Market
- Reports of security threats and breaches in the residential area are increasing and has therefore led to a rise in demand for enhanced safety and security systems like CCTV cameras, alarm sensors, etc. This will boost the demand for the alarm monitoring market in the forecast period.
- Rapid urbanization throughout the world and development projects like Smart Cities will catalyze the adoption of smart homes with smart security systems in the near future which is likely to propel the market growth for the alarm monitoring market. Furthermore, growing installations of home automation systems is a factor that is expected to boost the growth of the alarm monitoring market in the residential segment over the forecast period.
- Demand for Do-It-Yourself (DIY) home security systems where homeowners install and monitor the systems on their own are on the rise. Also growing adoption of smartphones-based alarm systems in the residential area is likely to fuel the demand of alarm monitoring market.
Regional Analysis:
The report offers an in-depth assessment of the growth and other aspects of the Alarm Monitoring market in important countries (regions), including:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Asia-Pacific to Witness Highest Growth
- Governments are spending on initiatives to make their respective countries more secure. The development of smart cities is one of the significant segments of infrastructural developments, with the application of more surveillance systems, alarming systems, and access controls. In India, the government has initiated the Smart City Mission for the development of over 100 cities in the country is driving the market.
- The presence of technologically-sound countries like India, China, and Japan are anticipated to drive this market, owing to the rising demand for automobiles and automation. Additionally, increasing disposable income and changing standards of living will further accelerate the alarm monitoring market.
- Furthermore, the rapidly growing urban centers and ever-increasing regional population are likely to further fuel the Asia-Pacific market. Moreover, the rising R&D activities at industry and academic levels are widening the application areas of alarm monitoring systems, which will make it easier to include equipment monitoring, is further driving this regional market.
This Alarm Monitoring Market report addresses:
- The Market size from 2016-2021
- Expected market growth until 2026
- Forecast of how market drivers, restraints, and future opportunities will affect
- Segment and regions that will drive or lead the market growth and why
- Comprehensive mapping of the competitive landscape
- In-depth analysis of key sustainability strategies adopted by market place
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Post Covid-19 Analysis:
All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check with the sales team.
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