NEW YORK, NY, April 7, 2021 (GLOBE NEWSWIRE) - SPYR Technologies (OTC Pink: SPYR) has officially joined the growing smart home market, with a wholly owned subsidiary, Applied MagiX, Inc. and the launch of 4 different products, including an Apple & encircledR; HomeKit & encircledR; Secure video camera. Surveillance cameras can be found in nearly a third of all smart homes in the US, UK, Germany and France, according to new research published in Strategy Analytics & CloseCurlyQuote; the report “Smart Home Survey - Surveillance cameras. & CloseCurlyDoubleQuote;

Meanwhile, the latest report on ownership and use of home automation from NPD Group & CloseCurlyQuote; Connected Intelligence claims that half of American consumers own at least one smart home device, up from 35% in January 2020, and security cameras remain the most common device owned by all smart home devices.

In general, security is a key reason in smart home purchases, NPD research and CloseCurlyQuote; found that security cameras have been the main volume driver for the past 4 years. In fact, according to the company, security cameras accounted for almost one in four retail smart home purchases in 2020, most of any type of device. Because the home security camera is the favorite device of those who arrange their homes to become more automatic and more "smart, & CloseCurlyDoubleQuote; is & CloseCurlyQuote; is an ideal product for Applied MagiX to add to its range of smart home products.

Applied MagiX launched 4 products last week in order to immediately attract revenue to the company, while the California subsidiary of SPYR & CloseCurlyQuote; continues to develop and launch its own products. The company's smart home camera and CloseCurlyQuote; is the essential product among the first 4 Apple HomeKit offers, which Applied MagiX obtained from its reliable technological partner, Onvis. And he introduced the product, “Onvis C3 HomeKit Secure Camcorder and CloseCurlyDoubleQuote; with an extremely competitive price of 59.99 USD. (The same product was found on Amazon for $ 89.99) https://appliedmagix.com/shop/onvis-c3-camera

Bill Ablondi, Director Strategy Analytics & CloseCurlyQuote; The Smart Home Strategy Consulting Service said of the camera market, "Surveillance cameras are powerful assets that smart home companies can use to attract new customers because they give consumers a sense of security and safety in their homes." and around them, a value proposition can be reproduced in all markets. & CloseCurlyDoubleQuote;

Just two years ago, in 2019, the global smart home security market was valued at about $ 3.9 billion, but according to KBV research, the market size will reach $ 10.4 billion by 2026, increasing to a CAGR of 16.5% during the forecast. period. The same market is expected to reach $ 11.89 billion by 2027, according to a new report by Grand View Research, Inc., which expands to a CAGR of 15.7% over the forecast period.

Industry experts cite a number of reasons for the explosive growth in the smart home market, including the rapid adoption of the Internet of Things (IoT) in smart homes, rising crime and homeowners spending more time at home during the COVID-19 pandemic lives, works and learns. These and other factors have created an increase in customer automation for the first time in the field of home automation, which is looking for quick and easy ways to focus on security, while at the same time pushing enthusiasts to continue to modernize their homes with devices. new and improved smart home. so that their homes remain safe.

Jack Narcotta, senior analyst in industry strategy analysis and CloseCurlyQuote; The Smart Home Strategies Counseling Service said: “The two strongest purchasing factors for surveillance cameras are how they help consumers feel safe and how they provide consumers with peace of mind to know that their families and homes I am safe. & CloseCurlyDoubleQuote;

According to the NPD & CloseCurlyQuote report; Future of Tech, it is estimated that sales of smart home devices will continue to grow this year (2021), with sales up 9% from 2020. So as consumers look for products that protect the home and can be, also integrated with other smart home devices they have previously installed and CloseCurlyQuote; intelligent security systems compatible with door locks, light switches and sensors will increase in popularity and will continue to drive sales growth from year to year.

Applied MagiX also has 3 different smart sensors available on its online store, including:

The company will continue to add Apple HomeKit products and accessories to its range, as well as launch the Apple Watch & encircledR; accessories and Apple CarPlay & encircledR; products and accessories. In addition, Applied MagiX will introduce its own line of signature products and accessories for proprietary and branded smart home later this year.

Read SPYR Technologies & CloseCurlyQuote; press releases at https://www.nasdaq.com/market-activity/stocks/spyr/press-releases

About SPYR Technologies

SPYR Technologies is a technology company that, through its subsidiary, Applied MagiX Inc., develops and resells Apple & encircledR; ecosystem-friendly products, with a focus on the growing multi-billion dollar smart home market. SPYR continues to identify and target purchases that will increase its footprint in the industry and expand the products it offers to consumers, including companies that develop artificial intelligence and smart technology products.

About Applied MagiX, Inc.

Applied MagiX is an Internet of Things (IoT) company based in Manhattan Beach, California, with an office in Hong Kong. The company is registered with Apple & encircledR; developer that develops and resells products compatible with Apple ecosystems, with a focus on the growing multi-billion dollar smart home market.

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