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Venkat Reddy
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Global Home Security Solutions & Systems Market Flourishing Owing to the Innovative Digital Solution
The global home security solutions market is flourishing owing to the improved choices of citizens towards domestic security., 3/15/2019 - Home Security Systems & Solutions Market Overview

The increasing preferences for smart home security among the consumers is driving the home security solutions market. The technological progression in recent years has significantly improved the quality of security in the domestic sector. Moreover, the conventional surveillance devices have been replaced by smart home security equipment such as motion detectors, alarm systems, real time video surveillance, and smart intruder detector. According to the FBI Uniform Crime Reporting Statistics, approximately 8 million property crimes were committed in the United States alone in 2015, out of which 19.8% were the cases of breaking and entering, also known as burglary. This substantial percentage can be considerably curtailed by leveraging the benefits of access control, video surveillance, intruder detection offered by home security solution systems market companies.

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The information is based on a recent business intelligence report from Industry ARC, titled “Home security systems & solutions market: by equipment (video surveillance, access control, intrusion detection, others); by solutions (V SaaS, A SaaS, others); by home type (independent, condominiums, apartments, others) & geography - forecast 2018-2023.” As per this report, the growing possibilities with the Internet of Things and ubiquity of smartphones is creating new disruptions as well as incrementing revenue avenues for everyone connected to the value chain.

Home Security Solution Domestic Security Market Trends

A number of devices are now available that allow residential customers to lock or unlock multiple access points in a domestic space from anywhere using Android and iOS applications. The introduction of these software enabled hardware devices, which operates according to the users’ mobile input, has spread robustly in recent years mainly due to the ease of access it has provided to its customers.

Residential settlements are now engaging applications which records the entry and exit of every visitor. This method of storing data of every visitor helps in monitoring the movements across the residential campus. Furthermore, in case of a burglary or theft the camera systems can be checked corresponding to the movements of the intruder stored in the application. This security systems has already been installed in most of the developed countries and has started spreading in developed nations as well, consequently expanding the home security solution systems market size.

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