Global Alarm Communicator Market: Introduction
An alarm communicator is an alarm system which can communicate through a telephone line, cellular connectivity, or IP. Alarm communicators enable security systems to communicate across cellular networks and is one of the most reliable communication paths available for a security system.
Cellular communicators can be integrated as a hardware within the basic telephone alarm communicator. It has major applicability in residential and business services, enabling the communication through GSM cellular frequency or IP internet.
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Global Alarm Communicator Market – Dynamics
Increased Focus on Safety & Security
A global rise in number of crimes and accidents is being seen. The number of events specific to crimes and accidents has increased more than 100% in the past 10 years. Deployment of alarm communicators specific to cellular connectivity has increased globally to maintain safety and security. Regions such as South America and Africa where crime rate is high is expected to drive the market growth.
Increase in Flexibility
Alarm communicators specific to cellular connectivity have significantly increased the flexibility and feasibility to deploy the alarm communicators. Wireless connectivity has multiple benefits such as expanded reach of the network to communicate; mobility; increased storage etc. These benefits have increased the usage of cellular alarm communicators at a large level specifically in small & medium size enterprises.
High Cost of Installation & Integration Hampering the Growth of the Alarm Communicator Market
The cost related to deployment of alarm communicator systems is comparatively high specifically for cellular connectivity. Integration of the alarm to restricted areas within the office premises or within the home is complicated as an alarm communicator is not 100% accurate. The probability of a false alarm could hamper the growth of the alarm communicator market.
North America Expected to Dominate the Global Alarm Communicator Market
In terms of region, the global alarm communicator market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the global alarm communicator market during the forecast period due to developed network infrastructure in North America compared to other regions.
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Global Alarm Communicator Market – Competitive Landscape
- In April 2019, Digital Monitoring Products, Inc. has expanded the company’s line of LTE communicators and for this Modules for the Verizon Network were released in 2018 specifically for the areas which communicate best with AT&T service.
- In March 2019, just after AlarmNet announced an end date for activating 3G and 4G cellular communicators, Alarm.com announced that the company will no longer allow 3G activations starting June 30, 2019. Future activations must use LTE communicators.
Established in 1993, Sierra Wireless delivered the first IoT solution to securely extract, orchestrate, and act on data from equipment to the cloud. The company provides an all-in-one-edge-to cloud solution, smart connectivity and managed IoT solutions, embedded solutions (modules and modems), and networking solutions (routers and gateways). The company has a customer base in more than 200 countries across the globe and holds top position in modules & gateways. It provides solution space majorly in Industrial Edge, Infrastructure Edge, Mobile Edge, and Transportation Edge.
Established in 2012, Alarm Grid is a home security company that provides alarm monitoring services for residential and commercial sectors. The company provides alarm control panels, alarm communicators, alarm keypads, security cameras, door and window sensors, motion sensors, glass break detectors, and many more products.
Global Alarm Communicator Market: Segmentation
The global alarm communicator market can be segmented based on:
Global Alarm Communicator Market, by Connectivity
Based on connectivity, the global alarm communicator market can be divided into:
- Telephone (Wired)
- Cellular (Wireless)
Global Alarm Communicator Market, by End-use
Based on end-use, the global alarm communicator market can be divided into:
- Small & Medium Enterprise
- Large Enterprise
Global Alarm Communicator Market, by Industry
Based on industry, the global alarm communicator market can be segregated into:
- Banking, Financial Services and Insurance (BFSI)
- Retail & E-commerce
- Media & Entertainment
- Food & Beverages
- IT & ITES
- Others (Aerospace, Transportation)
Regional analysis of the global alarm communicator market:
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.