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Home Security Market: Tech Trends in Home Security Systems

In the last few decades, the violent crime rate in the U.S. has significantly decreased since 1990. According to a recent survey by Statista, the national crime rate in 2019 incurred 366.7 cases per 100,000 of the population. This is from a previous high of 758.20 in 1991.

Despite the highly unusual economic events in the last few years, the security industry never stops when it comes to innovations. The emergence of digital tools has accelerated significant shifts in security technology. From artificial intelligence, cloud solutions, and multi-perception technologies, these recent innovations have reshaped the opportunities in the security industry.

As security systems gained newfound popularity among homeowners, home security products are no longer seen as investments for luxurious homes. Even the average homeowner can access security options for every price point. One example is the steel security storm doors with a multipurpose function by enhancing your home’s security, aesthetics, and weather protection.

If you’re looking for ways to strengthen your home’s security system, it’s essential to stay updated about the latest trends in smart home tech and automation. With that in mind, we’re here to share everything you need to know about the future of the home security market.

Smart security

Smart security systems are becoming a standard in home security. Remotely controlled and digitally connected security products are already making waves in the real estate market. Consumers today are setting high setting standards for their homes, especially when it comes to smart security.

According to a 2020 research by Parks Associates, 67% of homeowners with security systems have an interactive feature that allows control capabilities and remote connection. This means homeowners are prioritizing IoT-based features, such as interactivity and connectivity for their security devices.

The COVID-19 pandemic is likely one of the major factors for a growing number of households adopting smart security features. Since many people are now working from home, many realized the value of having a secured wireless network for their digital needs. Spending more time indoors also inspired homeowners to look for improvements and install much-needed security upgrades.

The key feature of smart security systems lies in remote technology. Monitoring and activation are possible anytime and anywhere by using Internet systems and customized applications. The latest remote security products come with advanced features by allowing the user to check if anyone is at home before activating the sensor and alarms.

DIY security systems

installing a CCTV

Gone are the days of hiring home security services to assist in installing security devices at home. Today, tech companies offer the convenience and flexibility of DIY security systems that allow customers to install and set up their own home security systems in just a few minutes.

Most consumers are often concerned about the expenses and time involved in upgrading home security. They don’t want to spend a lot of money and dedicate considerable time to renovations. To address this concern, DIY security systems take out the hassle and scheduling challenges of installing a home security system. They can order the security device online, have it delivered to their doorstep, and install it themselves according to where and how they want it.

While DIY installations are likely to increase in the years beyond, the security industry will still require the expertise of professional installers. Home security companies can strengthen their business approach by offering remote troubleshooting and virtual walkthroughs for DIY systems. This will open opportunities to upgrade their services and reduce the need for employees to visit their clients. In turn, this approach works well for homeowners who want to add more functionality to their security devices and seek expert advice for security maintenance.

Network security

As homeowners fill their homes with smart devices, it will also increase the need for stronger network security. Having more devices at home sharing the same network offers opportunities for hackers and cybercriminals to hack security systems and steal private information.

Remote workers and homeschooled students have become more vulnerable to cyber threats because they become highly reliant on their home network to access programs and applications to carry out tasks. This requires a higher level of security on all devices, from laptops, personal computers, and smartphones connected to a single network.

Connected devices containing personal and financial data are at greater risk, especially if the members share the same password or accounts. Even door locks controlled by smartphones are also in danger if hackers can virtually bypass the code. In this case, a stronger network security system will likely become an emerging trend that will significantly impact the home security market.

The home security industry will continue to witness more developments as homeowners prioritize the security and safety of their families and essential assets. This opens opportunities for consumers to take advantage of home technology to pick suitable devices for their safety.

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