Home Security Solution Market, By Component (Hardware, Software, Services), By Hardware (Video Surveillance, Access Control and Authentication, Alarms, Electronic Locks, Other Systems (Sensors and detectors)), By Video Surveillance (Analog, IP, Others), By Access Control (bio metrics, Card based, RFID), By Services (Installation, Technical Support, Consulting, Cloud based), By Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028
The most common type of home security systems and home security solutions include CCTV camera kits, motion detectors, and burglar alarms. These are usually used to keep an eye on a specific area in and around their homes. However, one can also use them to monitor the entire house. Using cameras and sensors to keep an eye on the property can protect from intruders who are after the valuables and other items. Another common type of home security solution and DIY kit include fire sprinklers, panic buttons, and access control systems. These are often used by homeowners to avoid a potentially dangerous situation where they feel threatened and unsafe. Fire sprinklers are used to put out small fires which can start in the kitchen or any other place in the house. Panic buttons are installed in emergency rooms or anywhere one might feel threatened in case of an intruder alarm.
Market Dynamics
The emergence of the Internet of Things (IoT) and wireless technologies is expected to boost the global home security solutions market growth over the forecast period. Internet of Things (IoT)-enabled home security solutions have gained significant popularity among consumers are they are more efficient to use and provide better control & monitoring, cost & energy savings, improved security, and enhanced comfort. Key companies in the market are focused on launching IoT-enabled security solutions, in order to gain a competitive edge in the market. For instance, in October 2020, Smith introduced a new line of Wi-Fi-enabled security cameras with infrared night vision, motion detection, and two-way communication.
Moreover, increasing adoption of IP cameras for video surveillance is expected to accelerate growth of the global home security solutions market in the near future.
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