Security & surveillance technology - statistics & facts

Smart homes devices enhance home security

Smart home refers to a house in which interconnected devices and home appliances are performing certain actions in order to save money, time, and energy. A smart home can integrate the security alarm into a complex system in which other actions are performed, such as blocking exits or providing access to surveillance footage via the Internet. Overall, the smart home security market is forecast to grow to over 21 billion U.S. dollars worldwide by 2023. Security cameras and video doorbells are among the most common home security products. Amazon’s Ring doorbell and Google’s Nest doorbell are holding the largest slices of the smart doorbell market. Connected cameras and doorbells are usually designed to become part of a particular smart home ecosystem, and can generate ongoing revenue for the manufacturer in the form of a subscription fee to access saved recordings.

Information security

Information security refers to the practice of managing access to information. By 2024, the information security technology market is estimated to be worth about 175 billion U.S. dollars worldwide. Analysts have suggested that security trends are being shaped by new markets, such as big data or the internet of things (IoT). One impact of this has been the shift towards managed security services, resulting in an overall growth of the security appliances market.

Workplace surveillance

Due to the outbreak of the global COVID-19 pandemic, remote work concepts have been increasingly adopted, which in turn led to an increased use of workplace surveillance technologies. This trend is illustrated by a surge in volume of internet searches pertaining to employee surveillance. Specifically, the phrase “employee monitoring software” was searched 108 percent more in April 2020 as compared to the previous year. To surveil their workforce, employers may use workforce management platforms developed for employee time tracking and productivity monitoring, such as Hubstaff, Timedoctor, or FlexiSPY.

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