When Residential Security Opportunity Rocks
The residential security landscape is being rocked by a seismic wave of IP connected features and services. Gain perspective of how each segment of the channel is being jolted by this major shakeup and eventual shakeout. Also take heed of the telling statistics and tips to capture new revenues to keep your business on solid ground.
8 Disruptions to Traditional Residential Security
- Blackstone announces acquisition of Vivint for $2B, including 2Gig
- ADT Security spins off from Tyco
- Comcast enters the residential security market
- Time Warner enters the residential security market
- Verizon enters the connected home marketplace
- Stanley Convergent Security Solutions (CSS) acquires significant players and becomes a force
- The rush to add connected home IP features is on
- Fewer security dealers due to recession, a poor housing environment, and tight credit lines (Parks Associates estimates ~3,000 dealers have left the market due to bankruptcy, decisions to leave residential markets, rollups and acquisitions.)
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