Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Alarm Monitoring Software Market Outlook
The global alarm monitoring software market reached a value of about USD 51.17 billion in 2023. The industry is further expected to grow at a CAGR of 4.90% in the forecast period of 2024-2032 to reach a value of around USD 78.70 billion by 2032.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Solution Segment to Account for a Substantial Market Share in the Alarm Monitoring Software Industry
The increasing adoption of cloud-based alarm monitoring solutions by the major end users is expected to drive the market growth in the forecast period. The increased consumer preference for cloud-based alarm monitoring technologies owing to its all-in-one solution security offerings is estimated to support the market growth in the forecast period. In addition, these software solutions do not require expensive set up, as the software can be accessed remotely. These factors are estimated to propel the alarm monitoring software industry in the forecast period.
North America to Provide Lucrative Growth Opportunities for the Alarm Monitoring Software Industry
The growing demand for alarm monitoring software due to stringent security regulations in North America is expected to augment the market growth. In addition, the improved consumer living standards and the rapid urbanisation are further projected to bolster the market growth in the forecast period. Meanwhile, the Asia Pacific region is expected to account for a significant share in the alarm monitoring software industry owing to the large-scale deployment of cloud-based technologies in the region. This can be attributed to the development of smart cities in the region.
Alarm Monitoring Software: Market Segmentation
Alarm monitoring software is an advanced centralised security system that provides security in emergency situations like burglary, break-ins, and fire accidents, among others. They send signals to central monitoring station, which further alerts the respective authorities. In addition, this software also offers real-time data management of the sent alarms.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The alarm monitoring software industry, by component, can be segmented into:
- Solution
- Hardware
- Service
Among these, the service segment can be further divided, based on type, into installation services, maintenance services, and monitoring services.
Based on technology, the market is divided into:
- Wired Telecommunication Network
- Cellular Wireless Network
- Wireless Radio Network
- Others
On the basis of end-user, the market is classified into:
- Healthcare
- Government
- Chemical and Petrochemical
- Military and Defence
- Automotive
- Manufacturing
- Oil and Gas
- Others
The regional markets for alarm monitoring software can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Increasing Crime Rates, Growing Fire Incidents, and Technological Advancements Bolstering the Market Growth of Alarm Monitoring Software
The increasing crime rates and the growing concerns regarding fire accidents are leading to the heightened demand for alarm monitoring software, which is fuelling the market for alarm monitoring software. In this regard, alarm monitoring software solutions are increasingly being deployed in hospitals and industries to avoid any chances of accidents. In addition, the governments across the nations are imposing stringent security regulations to improve the security systems of the countries, which is positively impacting the market growth. Further, the growing internet penetration in confluence with the improving living standards and growing security concerns among consumers has also aided the market growth.
The rapid technological advancements such as the upgradation of sensors, cameras, alarms, and video surveillance systems, among others, are expected to propel the industry growth in the coming years. In addition, the ongoing research and development activities and the investments made by key market players are also expected to impel the alarm monitoring software industry in the forecast period.
Key Industry Players in the Global Alarm Monitoring Software Market
The report gives a detailed analysis of the following key players in the global alarm monitoring software market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- ABB Ltd
- Siemens AG
- Rockwell Automation, Inc.
- Honeywell International Inc.
- Schneider Electric SE
- ADT Inc.
- Axis Communications AB
- Tyco International plc
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Component |
|
| Breakup by Technology |
|
| Breakup by End-User |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Looking for specific insights?
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
Key Questions Answered in the Report
In 2023, the global alarm monitoring software market attained a value of nearly USD 51.17 billion.
The market is projected to grow at a CAGR of 4.90% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach almost USD 78.70 billion by 2032.
The major industry drivers include increasing crime rates, growing demand for cloud-based software, improved living standards, rapid urbanisation, and the stringent security regulations imposed by the governments.
The key trends guiding the growth of the industry include the rapid technological advancements and the increased investments in research and development activities by the key industry players.
The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant components include solution, hardware, and service.
The different market divisions, based on technology, include wired telecommunication network, cellular wireless network, and wireless radio network, among others.
The major end-users of the product are healthcare, government, chemical and petrochemical, military and defence, automotive, manufacturing, and oil and gas, among others.
The major players in the industry are ABB Ltd, Siemens AG, Rockwell Automation, Inc., Honeywell International Inc., Schneider Electric SE, ADT Inc., Axis Communications AB, and Tyco International plc, among others.
Purchase Full Report
Datasheet
- Selected Sections, One User
- Printing Not Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Single User License
One User
- All Sections, One User
- One Print Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Five User License
Five Users
- All Sections, Five Users
- Five Prints Allowed
- Email Delivery in PDF
- Free Limited Customisation
- Post Sales Analyst Support
50% Discount on Next Update
Corporate License
Unlimited Users
- All Sections, Unlimited Users
- Unlimited Prints Allowed
- Email Delivery in PDF + Excel
- Free Limited Customisation
- Post Sales Analyst Support
- 50% Discount on Next Update
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Subscribe to our Newsletter
By subscribing you agree to with our privacy policy and provide
consent to
receive
updates
from our company.
Locations
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124