Alarm Monitoring Market to record USD 10.66 Bn incremental growth; Ademco Security Group Pte Ltd, ADT INC., and Allegion Public Ltd. Co. emerge as key vendors — Technavio – QNT Press Release

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NEW YORK, Oct. 7, 2022 /PRNewswire/ — The global alarm monitoring market size is expected to grow by USD 10.66 billionaccelerating at a CAGR of 4.29% between 2021 and 2026. The report identifies Ademco Security Group Pte Ltd, ADT INC., Allegion Public Ltd. Co., Allied Universal, API Group Corp., Global Security Solutions WLL, and Guardian Protection Services Inc. among others as key vendors. The report provides a detailed analysis of the key products offered by vendors, growth strategies adopted by them, and potential revenue-generating segments and regions in the market. Understand the scope of our full report. Download PDF Sample Report

The global alarm monitoring market is intensely competitive and fragmented due to the presence of multiple established players. The vendors in the market compete in various factors such as price, quality, brand, and variety. They are adopting different strategies to increase their market shares. The market is expected to experience a sizable production capacity during the forecast period as competitors are expected to expand their presence in traditionally low-penetrated markets. The competitors are classified as dominant, strong, and favorable. Companies with larger market shares and greater brand equity are termed market dominants. The following are identified as dominant players in the market.

• Ademco Security Group Pte Ltd
• ADT Inc.
• Allegion Public Ltd. Co.
• Allied Universal
• API Group Corp.
• Global Security Solutions WLL
• Guardian Protection Services Inc.
• Honeywell International Inc.
• Johnson Controls International Plc
• Monitronics International Inc.
• Prosegur Compania de Seguridad SA
• Robert Bosch GmbH
• Secom Co. Ltd.
• Securitas AB
• Slomins Inc.
• Stanley Black and Decker Inc.
• Swann Communications Ltd
• Vector Security Inc
• Vivint Smart Home Inc.

The increasing prevalence of crimes globally has been instrumental in driving the growth of the market. However, the rise in fraudulent and counterfeit alarm monitoring systems might hamper the market growth. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The alarm monitoring market report covers the following areas:

• Alarm Monitoring Market Size
• Alarm Monitoring Market Trends
• Alarm Monitoring Market Industry Analysis

The global alarm monitoring market is segmented as below:

• Technology
• Wired Telecommunication Network
• Cellular Wireless Network
• Wireless Radio Network
• IP Network
• Geography
• North America
• Europe
• APAC
• The Middle East and Africa
• South America

Identify major revenue-generating segments and regions in the market. Download Free Sample Report

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will assist alarm monitoring market growth during the next five years
• Estimation of the alarm monitoring the market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the alarm monitoring market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of alarm monitoring market vendors

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Full story available on Benzinga.com

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