ALARM.COM INC.

A small business owner does not pay each month for a motion sensor in the abstract, and a homeowner does not pay because a doorbell camera exists. The paid unit is a signal that moves from device to cloud, dealer support, monitoring workflow and phone screen quickly enough to change the outcome. Alarm.com matters because its recurring software margin depends on that fragile chain staying trusted while dealers, wireless carriers, camera hardware, cloud operations, apps, monitoring stations, DIY rivals and big smart-home ecosystems all compete for the same monthly account.