The COVID-19 Pandemic And Its Impact On The Smart Home Security Market
The pandemic has seen an increase in the number of people staying put at home. There has been widespread damage to various industries due to the pandemic, but the smart home security market isn’t one of them.
More people working from home and, for parents, more time spent out of school and daycare for children has prompted many people to take keeping tabs on their points of entry more seriously.
There has been consistent sales growth for smart home products.
One area where the growth of sales has affected the market is the smart home alarm systems. With people staying mostly indoors, there is now a lower need for this. Though there has been a mixed response to investment in home security, it will be interesting to see whether consumers will once again start flocking the markets to spend on home security and monitoring.
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