Demand for greater operational efficiencies drives growth opportunities for IT in home security, finds Frost & Sullivan’s TechVision team
LONDON – 6 December 2016 – The home security sector is shifting to a cyber-centric model, with pronounced emphasis on developing less-complicated, self-powered, connected devices. This shift has spawned the need to secure the entire lifecycle of the product. The changing definition of a “breach” is further compelling solution providers to secure their smart home security solutions from end to end.
“The growing use of cloud-based wireless IT systems in smart homes is prompting tighter integration between operational and commercial services,” said Frost & Sullivan TechVision Research Analyst Sitanshu Shastri. “Leveraging the Big Data generated by the Internet of Things will help improve the decision-making process and enable delivery of advanced functionalities such as predictive insights. Future businesses will be dependent on communication networks as well as endpoint devices, and intelligent cyber security solutions will be needed to bolster protection in these areas.”
Home Security: Technology Assessment and Concerns is part of the TechVision (Sensors & Control) Growth Partnership Service program. Frost & Sullivan has identified five key areas within the home security segment that can alter the entire market with their disruptive technologies: access control, perimeter protection, surveillance, lighting and cyber security. Additionally, the study explores the roadblocks to technology implementation.
Click on the following link for complimentary access to more information on this analysis and to register for a Growth Strategy Dialogue, a free interactive briefing with Frost & Sullivan’s thought leaders: http://corpcom.frost.com/forms/EU_PR_AZanchi_D6E3_Dec16
Current home security devices have several limitations. For instance, traditional biometric-enabled fingerprint devices are unable to accurately authenticate the user due to their low resolution. Technologies such as body thermal heat mapping offer accuracy and reliability, but are often expensive. There are substantial challenges in integrating these technologies for large-scale identity and access management applications.
Many of the deficiencies of the earlier generation of security solutions are being addressed by the new IT-intensive solutions; for example, self-powered wireless sensors significantly lower the price and set-up period for consumers. They also decrease power consumption by harvesting energy to enable wireless switches, sensors and controls. Plus, the security process will be highly scalable and flexible due to the autonomy of the device.
“Overall, the large-scale adoption of home security devices will depend on the enhanced lifetime, resolution and stability of the devices,” noted Shastri. “Innovators and start-ups should partner with device manufacturers to develop specific solutions for targeted applications.”
About TechVision
Frost & Sullivan’s global TechVision practice is focused on innovation, disruption and convergence, and provides a variety of technology-based alerts, newsletters and research services as well as growth consulting services. Its premier offering, the TechVision program, identifies and evaluates the most valuable emerging and disruptive technologies enabling products with near-term potential. A unique feature of the TechVision program is an annual selection of 50 technologies that can generate convergence scenarios, possibly disrupt the innovation landscape, and drive transformational growth. View a summary of our TechVision program by clicking on the following link: http://ifrost.frost.com/TechVision_Demo.
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