Pune, India, Dec. 01, 2021 (GLOBE NEWSWIRE) — The penetration of IoT and cloud computing technologies is expected to promote the growth of the market, states Fortune Business Insights, in a report, titled “Home Security Solutions Market Size, Share & Industry Analysis, By Component (Hardware, Software, Services), By Home Type (Independent Homes, Apartment, Condominiums) and Regional Forecast, 2020-2027.” The growing advancements in home security solutions are expected to promote the growth of the market.
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The Home Security Solutions Market accentuates:
- An in-depth analysis of the market
- Valuable facts and figures
- Profound data about leading regions
- Latest market development
- Key policies implemented by companies
Market Driver:
Rising Security Concerns to Spur Market Demand
The emergence of the Internet of Things (IoT) is expected to have an excellent impact on the market during the forecast period. The introduction of advanced IoT integrated security systems is predicted to encourage the healthy growth of the market during the forecast period. IoT provides secured, interconnected, and remote operations for home security, which, in turn, is expected to boost the market. The growing demand for a higher efficiency security system is expected to enable speedy expansion of the market. The adoption of home cloud solutions/systems owing to increasing data thefts are expected to spur opportunities for the market in the forthcoming years. The home security system includes a controller to control the entire home security system, door and window sensors, motion sensors, security cameras. Besides, the introduction of innovative security systems is predicted to improve the market prospects in the foreseeable future. For instance, in March 2020, Vivint, Inc. introduction Vivint Doorbell Camera Pro. This new version of the camera is the first to provide 180 degrees vertical and horizontal view with a 1:1 aspect ratio. This camera incorporates optics, deterrent features, and intelligence to satisfy customer needs.
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