How New Home Automation Systems Are Disrupting The Security Business
CTO Vision: For a long time, the home security industry has been dominated by big companies that offered an all-inclusive home security system. The wholesome security system was ideal for many consumers with various security needs. However, in recent years, emerging companies that use innovative technology have invaded the home security industry.
These companies and startups mainly focus on providing specific security solutions at affordable rates. The companies integrate technology such as Wi-Fi, cameras and smart phones into their security systems, which makes it easy for the consumer to operate. Technology-based innovations are gradually becoming a crucial part of most business operations. Startups in the home security industry have been able to adapt to the constantly changing technology. With advancement in technology, most consumers opt for the DIY security system provided by the start-up companies. With the use of technology, consumers use little or no effort to setup and monitor security in their homes and other facilities.
The DIY home security companies are popular with consumers as they address a specific security issue. The smart home security gives the consumer total control with the use of remote gadgets. Also, the companies offer subsidized rates that are attractive to many consumers. The demand for DIY home security system has significantly risen, which poses a real threat to traditional home security companies. As a result of a high demand, the innovative security firms receive generous funding from investors and venture capitalists who see massive potential in the industry.
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