Tag: Residential Security
Smart homes, devices under spotlight during Cybersecurity Awareness Month
October 9, 2024Ken Showers, Managing Editor
YARMOUTH, Maine — Residential security has evolved to build higher fencers and stronger locks, but has the average homeowner considered securing their doorbell?
In honor of Cybersecurity Awareness Month in October, Security Systems News (SSN) looked at a more modern threat vector for security incidents: smart homes and smart home devices.
“CISA (Cybersecurity and Infrastructure Security Agency) is excited to again partner with the National Cybersecurity Alliance...
Residential security market growth to be driven by AI, crime rate
September 30, 2024SSN Staff
NEW YORK —The interactive residential security market size in the U.S. is estimated to grow by $2.96 billion from 2024-2028, according to market research company Technavio.
The market research company estimates that residential security will grow at a CAGR of 10.26% during the forecast period, with rising crime rates across the U.S. is driving market growth and a trend towards increasing focus of vendors on new product launches.
Technavio writes that the interactive residential security...
RAD Residential unveils RADCam
September 30, 2024SSN Staff
DETROIT — Artificial Intelligence Technology Solutions, Inc. (AITX) has announced the launch of RADCam, a residential security product from its subsidiary Robotic Assistance Devices Residential (RAD-R).
RADCam is described by AITX as the world’s first AI-powered, purpose-built ’Talking Security Camera’. It offers all the features of traditional residential security cameras: monitoring, detecting, and recording activity — while adding new layers of security and concierge...
Vivint celebrates 25 years
September 30, 2024SSN Staff
PROVO, Utah — Residential security and smart home services provider, Vivint, is celebrating its 25th anniversary.
Vivint pointed to the past quarter century, where the company said it has led home security innovation, efficiency, safety and defining what it means to have a smart home.
Vivint’s suite of smart home and security products includes a variety of home security cameras, doorbell cameras, sensors, smart locks and keypads in addition to their offered services. Vivint offers...
Three questions with Brinks Home
July 24, 2024Ken Showers, Managing Editor
YARMOUTH, Maine — In light of surprising burglary statistics, Veronica Moturi of Brinks Home discusses the latest in residential security systems, including the evolution into home automation, the leverage of AI and more.
In the United States, as many as 3,062 burglaries occur every day, according to the FBI’s Uniform Crime Reporting (UCR) Program; however, only 25% of Americans have a home security system, according to SafeWise.
We took some of our pressing...
Poll sees future of residential in smart home integration
May 22, 2024Ken Showers, Managing Editor
YARMOUTH, Maine — Security Systems News readers are looking ahead at the residential market and seeing a future in smart home device integration and AI, according to the results of a recent news poll.
The poll sought to gather industry perspectives on the factors influencing homeowners' decisions to invest in security systems, the prevailing preferences for residential security solutions, and the emerging technologies expected to impact the market.
Looking to the future...
‘No stone unturned’ as Resideo seeks value from acquisition
May 8, 2024Ken Showers, Managing Editor
SCOTTSDALE, Ariz. – Resideo Technologies’ recent acquisition of Snap One provided a nice layup for company executives to talk about the impact on the company’s financial performance during a recent conference call.
Resideo President and CEO Jay Geldmacher told investors on the call that Resideo had identified meaningful cost synergies between ADI and Snap One.
“Needless to say, the team is quite excited about the future integration of Snap One into Resideo,...
ASSA ABLOY seeks to ‘protect the bottom line’ in U.S.
May 1, 2024Ken Showers, Managing Editor
STOCKHOLM – As challenges continue to mount in the residential security market in the U.S., ASSA ABLOY is making sure it “adapts cost to the new reality,” says President and CEO Nico Delvaux.
“It's clear that we continue to operate in an uncertain economic climate,” he said. “As I said in previous quarters, we will continue to take advantage of those opportunities we see in the market. There are still regions where we see very good momentum. There...
Cupid de Locke
February 14, 2024Ken Showers, Managing Editor
It’s Valentine's Day and I’d love to mention that I have a sweetheart of a topic to share this week, but I’m sorry to say it’s left me a little brokenhearted.
Since the beginning of February, I’ve been watching a lot of Q4 2023 reports roll out and while we can still safely call it the year of AI, it’s also the year of the residential security market falling flat on its face. I talked about this a bit in my last blog post where I discussed ADT...
Resideo reveals Q4 and 2023 results release date
January 29, 2024SSN Staff
SCOTTSDALE – Resideo Technologies, Inc., a global provider of home comfort, life safety and security solutions, and distributor of commercial and residential security and audio-visual products, will release its fourth quarter (Q4) and full-year 2023 financial results on Tuesday, Feb. 13, 2024.
A conference call and simultaneous webcast to discuss the results will be held on Tuesday, Feb. 13, at 5:00 p.m. ET. Interested investors and other parties can listen to a webcast of the...