Tag: IHS Markit
Global smart home market still growing
September 4, 2019Paul Ragusa
The global smart home market is forecast to grow by nearly a factor of five to reach more than $192 billion in 2023, up from $41 billion In 2018, according to the latest Smart Home Device Database from IHS Markit.
The research firm noted that the United States led all countries in 2018, representing about 35 percent of global market revenue. China was second, accounting for an 18 percent share.
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The fastest-growing device types in the market include lighting, smart...
Genetec takes top global VMS vendor position, IHS reports
June 19, 2019SSN Staff
MONTRÉAL—Genetec Inc., a technology provider of unified security, public safety, operations and business intelligence solutions, was named the world's No. 1 vendor of Video Management Systems (VMS), according to a recent report published by global research firm IHS Markit. IHS-reported results from 2015-2018 also point to the company sustaining a 24.1 percent CAGR (compound annual growth rate) for the past 3 years in this category.In the Americas, Genetec remains the leading VMS manufacturer...
For the love of smart speakers
February 20, 2019Ginger Hill
The love of smart speakers is permeating the world, as more and more people are introducing these devices into their homes for various reasons—to listen to their favorite tunes, search for real-time and factual information, listen to news, chat with the voice assistant for fun (I mean, it's pretty cool to play trivia with Alexa!), and use alarms and timers, and more. So, to do all these activities, what are people looking for in a smart speaker?
After surveying more than 13 percent of...
ACaaS and mobile access adoption growing
August 15, 2018Paul Ragusa
Access-control-as-a-service (ACaaS) market revenues will increase to $950 million by 2022, and global mobile credential downloads are forecast to increase at a compound annual growth rate (CAGR) exceeding 100 percent from 2017 to 2022, according to recent findings from IHS Markit.
The London-based research firm found that small and medium-sized businesses are the leading adopters of ACaaS solutions, accounting for 21 percent of market revenues in 2017, with around 20 percent of the current installed...
Video surveillance equipment market growing
July 11, 2018Paul Ragusa
Growth in the global professional video surveillance equipment market accelerated in 2017, and is forecasted to continue growing in 2018, according the latest IHS Markit research.
The world market for professional video surveillance equipment grew by 9.3 percent in 2017, IHS found, a much higher rate of growth than in 2016 (3.9 percent) and 2015 (1.9 percent).
“Increased government spending on equipment to fight crime and terrorism was a major factor in this growth, as was private sector spending...
Voice control on the rise for security systems, IHS Markit says
June 27, 2018Spencer Ives
LONDON—IHS Markit, a research firm based here, recently released findings that forecast an uptick coming for voice activation in security systems.IHS Markit examined ways that intruder alarm users interact with their systems, including the more traditional keypad or fob as well as apps or potentially voice, and how popular methods will be in coming years. “In the latest update to our Global Remote Monitoring Services Report, which forms a key part of the Intruder Alarms and Monitoring...
IHS Markit projects growth, changes for alarm monitoring market to 2022
May 14, 2018Spencer Ives
LONDON—IHS Markit, a research firm based here, recently released some insights on the alarm monitoring market in 2017 and what it predicts will happen by 2018 and 2022.One highlight from the company's recent research is that the residential alarm monitoring market in the Americas region reached $12.5 billion in 2017, and IHS Markit expects it to grow to $13.7 billion in 2018.“Most of the [central monitoring stations] that we spoke to are really focusing on these value-added services,...
IHS Markit looks at the rising number of security start-ups
November 13, 2017Spencer Ives
LONDON—According to IHS Markit, a research firm based here, there have been more start-up companies for consumer grade cameras, DIY systems and smart home solutions. The company detailed the nature of these start-ups and contributing factors to their increased numbers in a report, “Security Start-Up Numbers Soar - Have the Barriers to Entry Ever Been So Low?”Jim Dearing, IHS Markit senior analyst, security and building technologies and the author of the report, talked with Security...
DIY's impact on security significant
November 1, 2017Paul Ragusa
YARMOUTH, Maine—With the recent announcements from Nest, Ring, and Samsung/ADT, as well as Honeywell's announced plans to offer a DIY solution, many in the industry are speculating on the impact DIY security systems could have on the security industry.
New research from Parks Associations shows aggressive innovations in smart DIY solutions will reinvigorate the home security market. Parks found that new and more economical DIY systems from key players, including Nest, Ring, Samsung, and ADT,...
Smart home growth climbing globally
August 16, 2017Paul Ragusa
The global smart home market is forecast to exceed $14 billion in 2017, with 10 percent of homes globally being smart by 2025, according to an IHS Markit report published this week.
“The smart home market has seen significant growth since 2010, when fewer than 0.5 percent of homes in the Americas region had connected devices such as thermostats, lighting, security and entertainment,” Blake Kozak, principal analyst, IHS Technology, said in a summary of the report. “By the end of...