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9. There are also more affordable home security companies that don’t tie you down
with long contracts and have a deeper history of high level customer service. Increasing incidence of crime rates and increasing rate of burglary are the factors that necessitate the home security solutions. Design of efficient and sophisticated security systems along with user friendly installation features enabled by wireless technology are the key factors that are expected to boost the market growth. Furthermore, availability of remote monitoring with the aid of mobile devices along with beneficial insurance policies are also expected to fuel the growth of the home security solutions market. Large initial investment and cost of maintenance of the equipment along with lack of awareness regrading technological enhancements are the factors that are likely to
restrain the growth of the market.
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