Zion Market Research, the market research group announced the analysis report titled "Alarm Monitoring Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"
Sarasota, FL -- (SBWIRE) -- 08/15/2017 -- Global Alarm Monitoring Market: Overview
Alarm monitoring is the system that is used to initiate quick communication between home security system and security service provider. This system allows service providers regarding the medical emergency, burglar, and fire at home. The control panel of this system detects an emergency event and transmits signal to the central monitoring station. It is considered the center of the network of sensors that include tamper sensors, flood, window or door sensors, specialized temperature detectors, motion detectors, smoke detectors, and tamper sensors on the telephone box. When monitoring system alarms, any of the sensors is triggered and hence transmits a signal to security provider through a telephone line or any other alarm monitoring systems that offers backup for transmission.
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Global Alarm Monitoring Market: Growth Factors
One of the major factors of the global alarm monitoring market is decrease the intensity of hazards with the help of alarm monitoring systems and hence related preventive measures can be taken. It also ensures the safety of people inside homes. All these factors may foster the global market growth. Alarm monitoring systems allow immediate medical services in case of medical emergencies; this is also anticipated to propel the global alarm monitoring market growth in coming future. However, growth in crimes and increasing insurance policies with installed security systems is anticipated to foster the global market growth. In addition, highly accepted home automation systems are propelling the growth of the alarm monitoring market. Conversely, huge installation and maintenance cost of alarm monitoring systems restrain the global alarm monitoring market growth to some extent.
Global Alarm Monitoring Market: Segmentation
The global alarm monitoring market is bifurcated based on end-user as building alarm monitoring, vehicle alarm monitoring, and others. Based on input signal, the global market is segregated as a discrete signal, analog signal, and protocol signal. Further, the global market is classified on the basis of a component as central monitoring receivers, alarm sensors, remote terminal unit, communication networks & gateways, and motion detection sensor. Moreover, the global alarm monitoring market is categorized based on communication technology as IP network, wired telecommunication network, and others.
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Global Alarm Monitoring Market: Regional Analysis
North America is the largest market for the alarm monitoring system. Asia Pacific is expected to grow at a faster rate due to increasing incidences of the crime. In addition, increasing need for smart home automation and security system is expected to drive the global alarm monitoring market in this region.
Global Alarm Monitoring Market: Competitive Players
Major industries operating in the global alarm monitoring market are Honeywell International, United Technologies Corporation, ABB Ltd., ADT Corporation, and UTC. Other players in the global market include Siemens AG, Tyco International, Rockwell Automation Inc., Schneider Electric SE, and Diebold Inc.
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