The top four trends impacting the connected home security market through 2020
An emerging trend was defined 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 as identified by Technavio’s ICT research analysts are:
1. High growth potential of home cloud solutions
According to Technavio, home cloud solutions consist of three types of digital data: 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 the amount of data, primarily video, is creating a strong demand for remote storage and access.
“Home cloud solution companies provide a vast array of offers such as interactivity, service personalization, and multi-screen usage,” Rakesh Kumar Panda, a lead analyst from Technavio’s M2M and connected devices research team, said in a statement.
“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.”
2. Remote arming of the smart home alarm system
Technavio’s research states that 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. The arming via app feature was a collaboration of Icontrol and Life 360.
The app allows users to check if anyone is at home and sets the alarm when it detects the home is vacant. It also provides notifications to inform the law enforcement by text, phone call and email, should it detect untoward behavior. Piper uses a Z-wave compatible and Wi-Fi-enabled camera to monitor residencies by panoramic video and sound detection.
3. 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. Their control devices have a built-in biometric scanning system to prevent an assailant from operating or stealing the device. Their recharge system can be deployed in less than 20 seconds. Pocket-sized drones can be controlled using radio controllers or through Android phones with a USB port.
4. 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,” Rakesh stated.