However, the threat of substitutes hampers the market growth throughout the forecast period of 2022-2029. Whereas rising investment towards personal safety and technological advancement and growth activities by market players create lucrative opportunities for the market. Also, security software is deemed as the critical segment across the Information security market recorded USD 150 billion value in 2021. In 2021, the Security software market has generated revenue of around USD 61 billion. Request To Download Sample of This Strategic Report:- Īccording to Statista in 2022, the security software industry is witnessing growth from the past five years. The Alarm Monitoring market is expanding because of factors such as the rising adoption of security systems and the growing crime rate in the forecast period.

These monitoring systems use radio channels, computers, telephones, and trained personnel to monitor customers’ security systems and report back to authorities. After receiving the signals, the appropriate authorities are dispatched to the scene to deal with the emergency. When an emergency occurs, the alarm monitoring system records it and sends signals to the central monitoring system.

The system provides detection services for fire, burglary, and residential alarm systems. Alarm Monitoring is the process of quickly communicating between security systems and the security provider’s central station. The global Alarm Monitoring Market is valued at approximately USD $ billion in 2021 and is anticipated to grow with a healthy growth rate of more than $ over the forecast period 2022-2029.

Central station alarm monitoring