Wired monitoring has the most market share in the global market in 2020, according to technology. This is owing to the fact that many firms prefer on-premise infrastructure monitoring and maintenance. Due to increased installation costs, the wired category is expected to grow at a slow pace in the projection period (2021-2027). However, due to different IT businesses adopting cloud-based data storage solutions for their buildings, the wireless sector is expected to dominate the market by 2027.