The popularity of the internet of things (IoT) can be gauged by the fact that more than 20 billion IoT devices would be up and running by 2021. Among the various new applications of IoT is residential security, the lack of which is a cause for concern across the globe due to the high burglary rate. IoT allows occupants to control various features of their homes, such as locking, audio-video surveillance, and heating, ventilation, and air conditioning (HVAC), using a single device, such as a tablet or smartphone.

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With its help, people can monitor their home and surrounding property anytime and from anywhere as per their convenience. An estimate by P&S Intelligence said that the residential security market would experience remarkable growth at an 8.7% CAGR and garner $60,765.2 million revenue in the coming years. Residential security is the safety and security of the residence, which is done with the help of an electronic system that achieves it via the use of input and output devices.

The input devices comprise actuators and sensors, which sense any suspicious activity or movement, and the output devices include alarms and hooters that alert people about these. Residential security is provided by security alarms, smart locks, sensors, security cameras, and fire sprinklers and extinguishers. Security cameras have been the most reliable way of security monitoring in the past and would continue to be the most sought-after devices for residential security in the near future.

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Consumers are now able to access smart and expanded residential security features due to technical advancements. This has contributed immensely in the popularity of residential security solutions across the globe. Such solutions and systems are being increasingly adopted due to the increasing investments by residential security providers in new technologies to provide connected, smart, and user-friendly security services and products.

Among the device types that have helped raise the popularity of connected residential security are smart locks and alert systems, which notify the user of any unauthorized activity. Real estate agents, home developers, and contractors are equipping their new projects with advanced security solutions to keep up with the demand for efficient residential security.