London, 19 May 2015 – Technavio, a tech-focused research firm, has published a new report on the interactive residential security market in the US, which is expected to grow at a CAGR of almost 32% from 2015-2019.
According to the latest report by Technavio, the US has the third largest population in the world, which consumes 25-30% of the world’s energy. The rising cost of energy has led consumers to prefer energy-efficient solutions such as smart homes.
“Smart homes allow users to control lights and other appliances from a remote location. Power timers and monitors can easily provide real-time information on the amount of energy used at home. This is expected to inflate the demand for interactive residential security systems during the forecast period,” says Faisal Ghaus, Vice President of Technavio.
Furthermore, the new Technavio report emphasizes the increased use of wearable devices in hospitals and connected homes to facilitate optimum healthcare. These devices can also be used for biometric authentication, and are expected to become a fixture in the residential security market over the projected period.
“Nymi is a wearable device that authenticates a user’s identity based on heart rate,” says Ghaus.
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
