As home security systems become more affordable and available, the market for such safety measures is expanding from $45.8 million in 2018 to $74.8 million in 2023, according to a MarketWatch projection.
Nicholas Smith, a co-owner of Superior Sound & Security, which offers security technology and installation, recommends implementing camera or alarm systems for homeowners and renters.
“It’s pretty necessary,” Smith said. “We’ve actually had one at my aunt’s house, and it went off a week ago and the guy ran away. So, I mean, it works.”
Smith himself uses a smart security system that lets him combine surveillance and alarm systems with home automation, including remote light and thermostat control among other things.
“I have a door lock in my house that’s really nice,” he said. “It’s a deadbolt lock. When my kids walk out the front door when they leave for school, 30 seconds later the door locks itself. It has a keypad on the outside for them. Since they don’t have the app on their phone, I can unlock it from my app.”
While a report by Transparency Market Research projects the global smart security
market to grow 20.6 percent from 2019 to 2027, Smith said St. Joseph residents prefer to go old school. more