Smart Home Security Systems To Grow 26%

A recent report from The Freedonia Group – www.freedoniagroup.com - has estimated that demand for all-in-one smart home security systems and kits will increase 26% to $3.4 billion by year-end 2018 from 2017.

The report, Smart Home Security, identifies factors driving the increase including home and rental insurance incentives, competitive pricing, consumer acceptance and optimism about the devices, enhanced features and IoT integration, greater cost effectiveness, ease of installation and consumer recognition.

Freedonia report that insurers are monitoring domestic data gathered by IoT devices to gauge customers level of risk, reduce claims and in turn lower premiums. Leading suppliers have been identified as Amazon, Google and Samsung. Visit www.freedoniagroup.com for more  information.