Published By : 08 Aug 2016 | Published By : QYRESEARCH
Technological advancements have revolutionized the home security industry over the last couple of years. These advances have not only improved the capabilities to protect our homes, but they can be also be combined with a number of safety services. Due to this, homeowners can access emergency services faster in the event of an emergency.
Alarm systems have been in use for a long time that involved a maze of wires running through ceilings and walls of the entire house to raise an alarm. However, with technological advances, high-level security solutions and services are presently available in the market. Today, customers are extra vigilant about home security issues and are investing heftily in advanced security solutions to ensure the security of their homes even when they are away. On account of this, the global home security solutions market will display exponential growth in the coming years.
The adoption of smart home technology at present has necessitated the adoption of home security, surveillance, and control functions. Issues pertaining to installation complexities, trouble shooting, and maintenance are addressed by the presence of managed security service providers for home security solutions.
In several parts of the world, the development of smart townships as part of urbanization is fuelling the demand for home security solutions in the residential segment. The combination of home security solutions with any Internet-driven device enables the entire home to be monitored using this device. This is further propelling the demand for home security solutions.
The hardware component segment accounted for approximately 93% of the global home security solutions market in 2014. The high utilization of video surveillance systems for observing home invasions, robberies, thefts, and other domestic criminal incidents are reasons for the dominance of the hardware component.
Access control and authentication systems are being added to hardware component of home security solutions for enhancing the security of residential properties. These systems are added to check individuals that are entering controlled buildings. The access control systems include biometrics, card-based access feature, and RFID. Amongst these, biometrics is being widely used in the residential sector after its success in the commercial segment to match biological characteristics for identification purposes.