Alarm Monitoring Software (central stations) helps to overcome fire alarm faults by monitoring large number of building alarms. This software provides information regarding fire, type, location, and extent of the alarm and alerts the authorities. Alarm monitoring software is a progressive warning system that provides monitoring and software management solutions that enables customers to observe remote sites from numerous operator workstations.
A fire monitoring panel is installed in the alarm monitoring software, which is connected to the fire alarm. The alarm monitoring panel instantly sends a signal to the monitoring station when the alarm system goes off. Increasing use of Internet of Things and Big Data is projected to drive the alarm monitoring software market.
The alarm monitoring software is an established market on a global level due to high large number of security and accidents issues. Several new technologies and products are being developed and launched in the alarm monitoring software market. The global alarm monitoring software market is at a maturity stage; however, related technologies and products are still in their development phase. Software vendors present in the alarm monitoring software market are constantly improving and innovating the software by providing a more flexible and server based platform to the industry vertical. This, in turn, is driving the market. Rise in demand for alarm monitoring software from the construction industry and implementation of health safety guidelines are compelling the use of these software are propelling the market.
Alarm monitoring software are easy to install and provide expansion flexibility. Rise in the number of deaths and increase in the number of property loss cases due to fire breakouts are expected to boost the market in the next few years. Strict governmental regulation for the safety of labor working in industries is also anticipated to drive the market. Alarm monitoring software solve specific needs for alarm receiving, communication dispatch and, reporting and information. It also helps in reduction of alarm load on the operator and removes redundancy and false alarm, thus improving the operator’s response. These factors are expected to boost the global alarm monitoring software market during the forecast period.
High cost and errors in the software is projected to restrain the global alarm monitoring software market during the forecast period. However, rise in demand for alarm monitoring software is anticipated to create lucrative opportunities for major players in the global alarm monitoring software market in the next few years. Companies such as Bosch provide alarm monitoring software, which can be configured according to specific needs of the customer.
The global alarm monitoring software market can be segmented based on device, end-user, and region. In terms of device, the global market can be bifurcated into notification devices and manual pull stations. Based on end-user, the market can be categorized into government, health care, manufacturing, oil & gas, transportation, retails, warehouses, petrochemicals, and others
In terms of region, the global alarm monitoring software market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America. North America is anticipated to hold a leading share of the global market during the forecast period. This is attributed to the presence of global players in the region.
Some of the leading companies operating in the global alarm monitoring software (central stations) market include Romteck Australia Pty Ltd, Alcensoft A/S, Microm, Emerson, Alarm Monitoring and Financial Software, Tyco Fire & Security Inc., Honeywell International, Inc., Rockwell Automation, MKS Systems, Patriot Systems, Alarm Front, MAC Solutions, IBS, RISCO Group, United Technologies Corporation, VT MAK, ADT Security Services Plc., Johnson Controls and London Security, ABB ltd., Yokogawa Electric Corporation, exida.com LLC, TiPS, Inc., PAS Global, LLC, Schneider Electric, and Bosch.
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