Home Security Smart Home Automation
Smart home automation continues to gain traction due to the growing demand for intelligent home security solutions.
10:23 18 January 2019
The global smart home automation market is growing as more and more people becomes open to the idea of using new technologies when looking for intelligent security solutions.
With rising crime rates in many parts of the world, many consumers are now investing in home security solutions, which include alarm, video surveillance, and access control systems as well as integrated home networks.
Aside from the growing demand for security equipment, the growth in the smart home security solutions market is also attributed to the trend towards digitisation, advancements in new technologies, and increasing adoption of connected technologies by home security solutions providers.
As the industry continuously innovate, experts expect that the technology would further improve and providers will always find ways to add value to consumers and this may include exploring the use of satellite-enabled systems and cloud-based technologies. The development of new technologies as well as new products is expected to intensify competitiveness, putting pressure on key industry players to distinguish their product and service offerings through clear and unique value propositions.