Rapidly advancing smart home technology makes it easier than ever for consumers to integrate security systems and equipment into their homes, and even protect and monitor the home while away. The global demand for security alarms and video surveillance equipment is expected to grow by 2% annually to $69.7 billion in 2027. One of the largest factors that will contribute to this projected growth is building construction. Another impactful element to growing demand is the smart technology used in video surveillance to flag suspicious activity, minimize false alarms, and optimize the use of space in retail and storage buildings. A third significant factor of growth is the increasing popularity of residential video surveillance equipment such as doorbell cameras. These products provide the consumer with peace of mind and the added convenience of the ability to access video feeds and security features from a phone or laptop anywhere with an internet connection.
Popular Equipment and Systems
Consumers now have plenty of options for residential and commercial security alarms and systems. Often this type of equipment is purchased in varying bundles rather than singular units, apart from basic fire and carbon monoxide alarms. These equipment bundles often come with optional professional monitoring by in-house security teams.
– ADT provides custom residential and business packages, in-home risk assessments, and variously priced bundles to residential consumers. Prices depend on what kind of equipment is desired, how many entries and windows a home has, etc.
– Simplisafe allows the consumer to build their own system bundle or take a quiz to recommend a package best suited to their needs. They service both residential and commercial, but their marketing leans heavily towards residential security.
– Vivint is less of a household name company, but its sleek, modern systems and customer service are highly rated. They do not allow self-install systems, but they do offer free professional installation with bundles starting as low as $29.99.
Integration In Security
One of the most popular techniques to optimize security is integration. Incorporating all aspects of security (fire, water, intruder, etc.) into one program or interface prevents incidents from going unnoticed. Often these programs can allow for notifications on phones or laptops to alert the operator of issues, saving time and damage as opposed to the system alerting the security company and the security company then contacting the consumer. Integration increases convenience, efficiency, and effectiveness of security equipment and systems.
To read more about security alarms, including Personal Emergency Response Systems, and video surveillance in residential and commercial settings, check out Freedonia Group’s report, “Global Security Alarms & Video Surveillance Equipment