Smart Home Technology to Make International Impact, According to Study
GfK research found smart home technology was the leading innovative technology that international consumers expect to make an impact on their lives in the coming years.
GfK research found smart home technology was the leading innovative technology that international consumers expect to make an impact on their lives in the coming years.
The Capital One survey also found that 85% of security professionals polled at Honeywell Connect expect better financial performance in 2016.
Strong demand for security-related video surveillance systems among the reasons for the rapid growth.
Computer Science and Artificial Intelligence Lab PhD student Andrew Barry developed the system.
The industry forecast states that North America leads the global home automation market and is likely to remain in the top spot through 2020.
The video surveillance segment led the global physical security market in 2012 with a market share of 72%, according to the report.
A research report projects the transportation segment will account for nearly 36% of the global CCTV market by 2019.
Research firm Markets and Markets projects a compound annual growth rate (CAGR) of 22.41% from 2015 to 2020.
Nearly 88% of devices tested were vulnerable to at least one of the 11 wide scale security flaws discovered in the last five years.
The report projects a compound annual growth rate (CAGR) of 8.8% between 2014 and 2022.
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