Consider the rise of the smart phone. Look at how many Internet of Things (IoT) devices there are are currently on the market. According to some estimates, by 2025 there will be over 64 billion of the devices. Many of these IoT wonders will power your home security system. And while these systems offer a huge level of convenience for homeowners, they do not come without setbacks.
It is common knowledge that home security and control systems already include a wide variety of IoT connections built-in designed to prevent burglars, fires, carbon monoxide leaks and more. Many are wired or wireless. Now, with artificial intelligence, machine learning, and big data analytics, there are enough advances in home security to make your head spin.
A recent report on global home control and se curity recently added information that shows just how complex, yet no less dangerous, homes and offices have become. Yet, the report also highlights the SciFi ways companies are stepping up to the plate to prevent break-ins and burglaries.
The report looks specifically at alarms, sensors & detectors, locks, cameras, and other various security solutions. Whomever the big players are in the market, the strategy they are playing is purely technological. What are the growth strategies that they employ? And how is the market changing on a global level?
The number of specialized security systems with specific control functions tied into apps and software services has evolved the sector. There is one restraint to, shall we say, unrestrained growth, and that remains the thorny issue of personal privacy.
Security or Privacy?
We bet you know at least one person who puts a sticky note over their laptop webcam. Unfortunately, privacy concerns put the brakes on further adoption of IoT integrated home security systems. Good old-fashioned wired cams and in-wall devices are still the primary methods of securing one’s home.
It does not help when a recent report by the Intercept detailed accounts of Amazon Ring home security cameras storing unencrypted outdoor and indoor recordings. Even more, people were hired to watch the videos and make decisions on what was happening in the videos to assist in the AI’s machine learning. These stories do little to inspire confidence in those who want to invest in a home security system.
Anyone with access to Ring’s database need only a customer’s email address to tap into their Ring camera. But don’t let hyperbole frighten you. The small fraction of Ring users who allow this feature must provide their written extent to use it. Obviously, there are lots of companies working on answers to these questions.
The nature of the home security market is changing. And burglars are getting smarter. Yet, far too few people doubt the true potential of the latest home security systems. Home security systems are a critical deterrent. If you do not have privacy concerns and want to stand at the forefront of a home security technological revolution, the link below is some good reading.
To learn more about the global technological home security outlook, click or tap on this link.