REDWOOD CITY, Calif.—A majority of residential security dealers thinks adding home automation services to their traditional offerings is cost prohibitive. That’s a big misperception, according to Greg Roberts, VP of marketing for Icontrol, and one that could put providers at a significant disadvantage in today’s marketplace.
YARMOUTH, Maine—Home automation gadgets coming out of the 2015 Consumer Electronics Show are interesting, but discretion might be needed before some go too far, according to Security Systems News readers responding to our latest NewsPoll.
DALLAS—The North American home automation market will grow from $2.21 billion in 2013 to $4.29 billion in 2020, a CAGR of 9.17 percent, according to Marketsandmarkets research analyst Sarmistha Biswas.
ELMONT, N.Y.—Total Security Integrated Systems, a security company based here that specializes in residential video security, is making a marketing move into Suffolk County, N.Y., and plans a bigger focus on home automation in 2015, according to owner and CEO Matt DiMicco.
PROVO, Utah—Joe Albaugh, who today joined Vivint in the newly created position of chief security officer, brings significant cyber expertise, having previously served as chief information security officer at the U.S. Department of Transportation and also at the Federal Aviation Administration.
NASHVILLE, Tenn.—Honeywell just introduced a new solution enabling dealers to offer affordable home automation upgrades to more than 10 million customers—and a company executive says the release of Honeywell’s VISTA Automation Module or “VAM” couldn’t have come at a better moment.
LONDON—The security industry is just one business sector expected to play a role in the rapid expansion of the global market for cloud-based home management systems, whose installed base is poised to skyrocket over the next five years, rising from 5.6 million at the end of 2013 to 44.6 million by 2018, according to a new report from IHS Research, a market research firm whose U.K. headquarters is based here.
WELLINGBOROUGH, England—The global home automation market is trending toward significant growth in the coming years, with the $9 billion market projected to reach $14 billion by 2018, according to a report from ABI Research, a technology market intelligence firm with locations around the world.
NEW YORK—Monitored security companies will stay at the top of the U.S. managed smart home market for the next five years, but their market share will drop more than 50 percent by 2019 as competitors such as telecoms and cablecos leverage their own strengths in the space, predicts a new report from ABI Research.