Technavio Announces Top Four Emerging Trends Impacting the Global Connected Home Security System Market Through 2020

LONDON--()--Technavio’s latest report on the global connected home security system market provides an analysis on the most important trends expected to impact the market outlook through 2020. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.

The top four emerging trends driving the global connected home security system market according to Technavio ICT research analysts are:

  • High growth potential of home cloud solutions
  • Remote arming of the smart home alarm system
  • Integration of pocket drones with personal security features
  • Adoption of cloud-based technologies

High growth potential of home cloud solutions

The report labels high growth of home cloud solutions as one of the key trends that will have a positive impact on the global connected home security system market during the forecast period. Home cloud solutions provide ubiquitous and collaborative benefits, despite data management concerns. Home cloud consists of three types of digital data that include content (video, music, and pictures), productivity (email, documents, and contacts), and sensors (data collected through smart meters, e-Health devices, and other smart home devices). Increasing amount of data, primarily video, is creating a strong demand for remote storage and access.

Rakesh Kumar Panda, a lead analyst from Technavio’s M2M and connected devices research team, says, “Home cloud solution companies provide a vast array of offers such as interactivity, service personalization, and multi-screen usage. For instance, Hulu Plus and Spotify deliver multi-screen services, whereas Boxee integrates various locally stored and online content that helps users share their preferences and content with friends by integrating their social network information.”

Remote arming of the smart home alarm system

Home security systems do not function effectively unless they are armed. Piper, an all-in-one home security system offered by Icontrol Networks, features smart arming that allows users to set their system remotely through the Piper app. Icontrol and Life 360 collaborated to develop this feature. The app allows users to check if anyone is at home and sets the alarm when it detects the home is vacant. This app also provides notifications to inform the law enforcement by text, phone call, and email, in cases of untoward behavior. This device uses a Z-wave compatible and Wi-Fi-enabled camera to monitor residencies by panoramic video and sound detection.

Integration of pocket drones with personal security features

Pocket-sized drones fly at an altitude of 20 feet and can capture vital identification information of an assailant. Its control device has a built-in biometric scanning system to prevent an assailant from operating or stealing the device. They have a fast recharge system, which can be deployed in less than 20 seconds. These drones can be controlled using radio controllers or through Android phones, with a USB port. The integration of pocket drones with personal security features is becoming a fast-trending factor in the market.

Adoption of cloud-based technologies

Smart home security systems are based on the centralized control of the home gateway where the intelligence has shifted onto cloud networks. Cloud-based services decrease the complexity of software issues in the devices and diminish the interoperability of devices in a simpler way. Most residential users are rapidly adopting cloud-based residential security solutions that are user-friendly, self-monitoring, and can be operated from remote location.

"Cloud-based services are also used to store images captured by surveillance systems that can be used on demand. It ensures low cost of ownership and on-demand scalability without any additional cost for homeowners,” says Rakesh.

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

Technavio’s latest report on the global connected home security system market provides an analysis on the most important trends expected to impact the market outlook through 2020.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com