When people decide to install home automation systems and also have security alarms they installed several years ago, it's highly likely the new tech and old gadgets won't be compatible. Similarly, if they have a security system that doesn't work with a smartphone app, they typically have to invest in new hardware and deal with lengthy installations and high bills. The global home security market is growing, and analysts project the total worth will reach $74.75 billion by 2023, up from $45.58 billion in 2018. Another report shows the worldwide smart home market worth $151.4 billion by 2024, up from…
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