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Global Alarm Monitoring Software Market to Grow at a CAGR of 4.90% During 2022-2027, Aided by the Rising Crime Rates and Accidents Worldwide

Global Alarm Monitoring Software Market Share, Forecast: By Component: Solution, Hardware, Service; By Technology: Wired Telecommunication Network, Cellular Wireless Network, Wireless Radio Network, Others; By End-User: Healthcare, Government, Chemical and Petrochemical, Others; Regional Analysis; Competitive Landscape; 2024-2032

Global Alarm Monitoring Software Market Outlook

The global alarm monitoring software market reached a value of about USD 46.5 billion in 2021. 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 58.9 billion by 2027.

Global Alarm Monitoring Software Market

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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.

Global Alarm Monitoring Software Market by Segment

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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.

Global Alarm Monitoring Software Market by Region

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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- Component, Technology, End-User, Region
Breakup by Component	Solution, Hardware, Service
Breakup by Technology	Wired Telecommunication Network, Cellular Wireless Network, Wireless Radio Network, Others
Breakup by End-User	Healthcare, Government, Chemical and Petrochemical, Military and Defence, Automotive, Manufacturing, Oil and Gas, Others
Breakup by Region	North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics	SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape	Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered	ABB Ltd, Siemens AG, Rockwell Automation, Inc., Honeywell International Inc., Schneider Electric SE, ADT Inc., Axis Communications AB, Tyco International plc, Others
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.

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1   Preface
2   Report Coverage – Key Segmentation and Scope
3   Report Description
   3.1   Market Definition and Outlook
   3.2   Properties and Applications
   3.3   Market Analysis
   3.4   Key Players
4   Key Assumptions
5   Executive Summary
   5.1   Overview
   5.2   Key Drivers
   5.3   Key Developments
   5.4   Competitive Structure
   5.5   Key Industrial Trends
6   Snapshot
   6.1   Global
   6.2   Regional
7   Opportunities and Challenges in the Market
8   Global Alarm Monitoring Software Market Analysis
   8.1   Key Industry Highlights
   8.2   Global Alarm Monitoring Software Historical Market (2018-2023)
   8.3   Global Alarm Monitoring Software Market Forecast (2024-2032)
   8.4   Global Alarm Monitoring Software Market by Component
       8.4.1   Solution
           8.4.1.1 Historical Trend (2018-2023)
           8.4.1.2 Forecast Trend (2024-2032)
       8.4.2   Hardware
           8.4.2.1 Historical Trend (2018-2023)
           8.4.2.2 Forecast Trend (2024-2032)
       8.4.3   Service
           8.4.3.1 Historical Trend (2018-2023)
           8.4.3.2 Forecast Trend (2024-2032)
           8.4.3.3 Services by Type
               8.4.3.3.1   Installation Services
               8.4.3.3.2   Maintenance Services
               8.4.3.3.3   Monitoring Services
   8.5   Global Alarm Monitoring Software Market by Technology
       8.5.1   Wired Telecommunication Network
           8.5.1.1 Historical Trend (2018-2023)
           8.5.1.2 Forecast Trend (2024-2032)
       8.5.2   Cellular Wireless Network
           8.5.2.1 Historical Trend (2018-2023)
           8.5.2.2 Forecast Trend (2024-2032)
       8.5.3   Wireless Radio Network
           8.5.3.1 Historical Trend (2018-2023)
           8.5.3.2 Forecast Trend (2024-2032)
       8.5.4   Others
   8.6   Global Alarm Monitoring Software Market by End-User
       8.6.1   Healthcare
           8.6.1.1 Historical Trend (2018-2023)
           8.6.1.2 Forecast Trend (2024-2032)
       8.6.2   Government
           8.6.2.1 Historical Trend (2018-2023)
           8.6.2.2 Forecast Trend (2024-2032)
       8.6.3   Chemical and Petrochemical
           8.6.3.1 Historical Trend (2018-2023)
           8.6.3.2 Forecast Trend (2024-2032)
       8.6.4   Military and Defence
           8.6.4.1 Historical Trend (2018-2023)
           8.6.4.2 Forecast Trend (2024-2032)
       8.6.5   Automotive
           8.6.5.1 Historical Trend (2018-2023)
           8.6.5.2 Forecast Trend (2024-2032)
       8.6.6   Manufacturing
           8.6.6.1 Historical Trend (2018-2023)
           8.6.6.2 Forecast Trend (2024-2032)
       8.6.7   Oil and Gas
           8.6.7.1 Historical Trend (2018-2023)
           8.6.7.2 Forecast Trend (2024-2032)
       8.6.8   Others
   8.7   Global Alarm Monitoring Software Market by Region
       8.7.1   North America
           8.7.1.1 Historical Trend (2018-2023)
           8.7.1.2 Forecast Trend (2024-2032)
       8.7.2   Europe
           8.7.2.1 Historical Trend (2018-2023)
           8.7.2.2 Forecast Trend (2024-2032)
       8.7.3   Asia Pacific
           8.7.3.1 Historical Trend (2018-2023)
           8.7.3.2 Forecast Trend (2024-2032)
       8.7.4   Latin America
           8.7.4.1 Historical Trend (2018-2023)
           8.7.4.2 Forecast Trend (2024-2032)
       8.7.5   Middle East and Africa
           8.7.5.1 Historical Trend (2018-2023)
           8.7.5.2 Forecast Trend (2024-2032)
9   North America Alarm Monitoring Software Market Analysis
   9.1   United States of America
       9.1.1 Historical Trend (2018-2023)
       9.1.2 Forecast Trend (2024-2032)
   9.2   Canada
       9.2.1 Historical Trend (2018-2023)
       9.2.2 Forecast Trend (2024-2032)
10   Europe Alarm Monitoring Software Market Analysis
   10.1   United Kingdom
       10.1.1 Historical Trend (2018-2023)
       10.1.2 Forecast Trend (2024-2032)
   10.2   Germany
       10.2.1 Historical Trend (2018-2023)
       10.2.2 Forecast Trend (2024-2032)
   10.3   France
       10.3.1 Historical Trend (2018-2023)
       10.3.2 Forecast Trend (2024-2032)
   10.4   Italy
       10.4.1 Historical Trend (2018-2023)
       10.4.2 Forecast Trend (2024-2032)
   10.5   Others
11   Asia Pacific Alarm Monitoring Software Market Analysis
   11.1   China
       11.1.1 Historical Trend (2018-2023)
       11.1.2 Forecast Trend (2024-2032)
   11.2   Japan
       11.2.1 Historical Trend (2018-2023)
       11.2.2 Forecast Trend (2024-2032)
   11.3   India
       11.3.1 Historical Trend (2018-2023)
       11.3.2 Forecast Trend (2024-2032)
   11.4   ASEAN
       11.4.1 Historical Trend (2018-2023)
       11.4.2 Forecast Trend (2024-2032)
   11.5   Australia
       11.5.1 Historical Trend (2018-2023)
       11.5.2 Forecast Trend (2024-2032)
   11.6   Others
12   Latin America Alarm Monitoring Software Market Analysis
   12.1   Brazil
       12.1.1 Historical Trend (2018-2023)
       12.1.2 Forecast Trend (2024-2032)
   12.2   Argentina
       12.2.1 Historical Trend (2018-2023)
       12.2.2 Forecast Trend (2024-2032)
   12.3   Mexico
       12.3.1 Historical Trend (2018-2023)
       12.3.2 Forecast Trend (2024-2032)
   12.4   Others
13   Middle East and Africa Alarm Monitoring Software Market Analysis
   13.1   Saudi Arabia
       13.1.1 Historical Trend (2018-2023)
       13.1.2 Forecast Trend (2024-2032)
   13.2   United Arab Emirates
       13.2.1 Historical Trend (2018-2023)
       13.2.2 Forecast Trend (2024-2032)
   13.3   Nigeria
       13.3.1 Historical Trend (2018-2023)
       13.3.2 Forecast Trend (2024-2032)
   13.4   South Africa
       13.4.1 Historical Trend (2018-2023)
       13.4.2 Forecast Trend (2024-2032)
   13.5   Others
14   Market Dynamics
   14.1   SWOT Analysis
       14.1.1   Strengths
       14.1.2   Weaknesses
       14.1.3   Opportunities
       14.1.4   Threats
   14.2   Porter’s Five Forces Analysis
       14.2.1   Supplier’s Power
       14.2.2   Buyer’s Power
       14.2.3   Threat of New Entrants
       14.2.4   Degree of Rivalry
       14.2.5   Threat of Substitutes
   14.3   Key Indicators for Demand
   14.4   Key Indicators for Price
15   Value Chain Analysis
16   Competitive Landscape
   16.1   Market Structure
   16.2   Company Profiles
       16.2.1   ABB Ltd
           16.2.1.1   Company Overview
           16.2.1.2   Product Portfolio
           16.2.1.3   Demographic Reach and Achievements
           16.2.1.4   Certifications
       16.2.2   Siemens AG
           16.2.2.1   Company Overview
           16.2.2.2   Product Portfolio
           16.2.2.3   Demographic Reach and Achievements
           16.2.2.4   Certifications
       16.2.3   Rockwell Automation, Inc.
           16.2.3.1   Company Overview
           16.2.3.2   Product Portfolio
           16.2.3.3   Demographic Reach and Achievements
           16.2.3.4   Certifications
       16.2.4   Honeywell International Inc.
           16.2.4.1   Company Overview
           16.2.4.2   Product Portfolio
           16.2.4.3   Demographic Reach and Achievements
           16.2.4.4   Certifications
           16.2.3.4   Certifications
       16.2.5   Schneider Electric SE
           16.2.5.1   Company Overview
           16.2.5.2   Product Portfolio
           16.2.5.3   Demographic Reach and Achievements
           16.2.5.4   Certifications
       16.2.6   ADT Inc.
           16.2.6.1   Company Overview
           16.2.6.2   Product Portfolio
           16.2.6.3   Demographic Reach and Achievements
           16.2.6.4   Certifications
       16.2.7   Axis Communications AB
           16.2.7.1   Company Overview
           16.2.7.2   Product Portfolio
           16.2.7.3   Demographic Reach and Achievements
           16.2.7.4   Certifications
       16.2.8   Tyco International plc
           16.2.8.1   Company Overview
           16.2.8.2   Product Portfolio
           16.2.8.3   Demographic Reach and Achievements
           16.2.8.4   Certifications
       16.2.9   Others
17   Key Trends and Developments in the Market

List of Key Figures and Tables

1.   Global Alarm Monitoring Software Market: Key Industry Highlights, 2018 and 2032
2.   Global Alarm Monitoring Software Historical Market: Breakup by Component (USD Billion), 2018-2023
3.   Global Alarm Monitoring Software Market Forecast: Breakup by Component (USD Billion), 2024-2032
4.   Global Alarm Monitoring Software Historical Market: Breakup by Technology (USD Billion), 2018-2023
5.   Global Alarm Monitoring Software Market Forecast: Breakup by Technology (USD Billion), 2024-2032
6.   Global Alarm Monitoring Software Historical Market: Breakup by End-User (USD Billion), 2018-2023
7.   Global Alarm Monitoring Software Market Forecast: Breakup by End-User (USD Billion), 2024-2032
8.   Global Alarm Monitoring Software Historical Market: Breakup by Region (USD Billion), 2018-2023
9.   Global Alarm Monitoring Software Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.   North America Alarm Monitoring Software Historical Market: Breakup by Country (USD Billion), 2018-2023
11.   North America Alarm Monitoring Software Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.   Europe Alarm Monitoring Software Historical Market: Breakup by Country (USD Billion), 2018-2023
13.   Europe Alarm Monitoring Software Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.   Asia Pacific Alarm Monitoring Software Historical Market: Breakup by Country (USD Billion), 2018-2023
15.   Asia Pacific Alarm Monitoring Software Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.   Latin America Alarm Monitoring Software Historical Market: Breakup by Country (USD Billion), 2018-2023
17.   Latin America Alarm Monitoring Software Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.   Middle East and Africa Alarm Monitoring Software Historical Market: Breakup by Country (USD Billion), 2018-2023
19.   Middle East and Africa Alarm Monitoring Software Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.   Global Alarm Monitoring Software Market Structure

Key Questions Answered in the Report

What was the global alarm monitoring software market size in 2021?

In 2021, the global alarm monitoring software market attained a value of nearly USD 46.5 billion.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 4.90% between 2024 and 2032.

What is the forecast outlook of the market for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach almost USD 58.9 billion by 2027.

What are the major industry drivers?

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.

What are the key industry trends of the global alarm monitoring software market?

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.

What are the major regional markets of alarm monitoring software, according to the EMR report?

The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

What are the significant market divisions, based on component?

The significant components include solution, hardware, and service.

What are the different market divisions, based on technology?

The different market divisions, based on technology, include wired telecommunication network, cellular wireless network, and wireless radio network, among others.

What are the major end-users of the product?

The major end-users of the product are healthcare, government, chemical and petrochemical, military and defence, automotive, manufacturing, and oil and gas, among others.

Who are the key industry players, according to the report?

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.

Analyst Review

The global alarm monitoring software market attained a value of nearly USD 46.5 billion in 2021, driven by the increasing crime rates. Aided by the rapid technological advancements, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 4.90%. The market is projected to reach about USD 58.9 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The alarm monitoring software industry, by component, can be segmented into solution, hardware, and service. The market is divided, based on technology, into wired telecommunication network, cellular wireless network, and wireless radio network, among others. The market is classified, on the basis of end-user, into healthcare, government, chemical and petrochemical, military and defence, automotive, manufacturing, and oil and gas, among others. The major regional markets for alarm monitoring software are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include ABB Ltd, Siemens AG, Rockwell Automation, Inc., Honeywell International Inc., Schneider Electric SE, ADT Inc., Axis Communications AB, and Tyco International plc, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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