Big Gains for Smart Home Security Products
In a recent study from Freedonia Group – www.freedoniagroup.com
– smart home security locks and access controls in the United States are projected to see the largest sales increases.
Recent significant events such as Amazon’s $1.1 billion acquisition of Ring and Alarm.com’s acquisition of iControl’s Piper business unit are examples convergence within this market segment. Freedonia’s report highlights that “enhanced efficiencies of smart home security systems, devices with multiple security features, such as all-in-one smart home security systems and smart security cameras with integrated alarm systems, will continue to lead the market.