Posts Tagged ‘home automation’
At the recent ESX show in Charlotte, ESA revealed the results of their recent residential security trends study. The results seemed to point to home automation as the wave of the future for the residential security industry. Panelist Bob Haskins (UTC Fire & Security) warned attendees that “Security may become the nut, and services the [...]
A recent study from ABI research analyzes the market for home automation and home security technologies and how these two markets are increasingly intersecting with the advent of home monitoring and managed home automation services.
YARMOUTH, Maine—To describe the dynamic nature of today’s residential security market, Jonathan Klinger, VP marketing, Honeywell Security & Communications, likes to quote a veteran industry colleague.
Klinger said the colleague told him recently that “he’s seen more change in the industry in the last four months than he’s seen in the last four years, and more change in the last four years than in the last 40.”
For years, the security market has been static, with the number of North American homes opting for monitored security systems stuck at around 20 percent.
Home automation has been around for a while, but recently more and more security companies seem to be adding these extra features to traditional security offerings. Do you have home automation offerings?
A December study from ABI Research shows increasing opportunity for security companies through bundling their services with other service providers into home automation system bundles. In North America, which represents the bulk of the global market for managed home automation, shipments are expected grow from 397,000 in 2010 to 4.14 million in 2014—a CAGR of 59.82 percent.