Question

Security syetem of a market

Answer 1

Home security solutions include video surveillance systems, alarm systems, and access control systems. Integrated home networks play a vital role in the effective functionality of these security systems. Innovations in the home security system market such as decreased hardware prices, advances in wireless standards, and smartphone penetration will fuel the growth of this market. To calculate the market size, the report considers the revenue generated from the sales of home security systems.

According to the report, one driver affecting the market is growing adoption of smart homes. One trend affecting the market is increasing advances in sensor technologies. Further, the report states that one challenge affecting the market is increasing instances of false alarms