“Growing Demand Due to Rising Security Concerns and Smart Home Adoption”
- The increasing frequency of security breaches, break-ins, and vandalism incidents across North American residential and commercial properties has amplified the demand for integrated, intelligent security systems like PSIM.
- Consumers and businesses are increasingly adopting smart home and building technologies, which seamlessly integrate with PSIM platforms to provide centralized control, monitoring, and response capabilities.
- For instance, in April 2024, Onity, Inc. (a part of Honeywell International, Inc.) upgraded its IoT-based Passport locking system with next-gen sensors to enhance perimeter security. This advancement reflects a broader market trend toward smarter, more responsive security ecosystems across the U.S. and Canada.
- PSIMs enable advanced functions such as real-time alerts, remote surveillance, and automated emergency responses, making them essential in the context of rising threats and smart infrastructure evolution.
