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Security Providers Feeling Heat From Smart Home Market Competitors

Despite their current dominance in North America, installing security contractors are forecast to relinquish market share to hard-charging MSOs, smart home specialists, DIY system providers and utilities.


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According to the IT Security Risks Survey conducted by Kaspersky Lab and B2B International, 73% of companies have been affected by internal information security incidents. The survey also found that the largest single cause of confidential data losses is by employees (42%). SSI Staff · November 17, 2015

Despite stagnant and slowing construction rates in Europe and China, the global market for mechanical locks and door hardware is expected to continue along a path of steady growth. SSI Staff · November 12, 2015

Smart home technology will make an impact on the lives of half of people internationally in the next few years, according to new GfK research. Among the other options were 3D printing, augmented/virtual reality, Internet of Things and wearables. SSI Staff · November 12, 2015

A majority of security system professionals (68%) expect to complete at least one acquisition within the next year, according to a Capital One survey. The survey was conducted at Honeywell Connect 2015. SSI Staff · November 10, 2015

Video Analytics (VA) and Video Content Analysis have generated a remarkable amount of business in the past years with mature technology, and the Security & Civilian market is forecasted to experience decades of rapid growth. The Video Analytics & Intelligent Video Surveillance Technologies: Security & Civilian Global Market -- 2015-2020 report indicates the global IVS & VA industry revenues are forecasted to grow at 19.5% CAGR from 2014 to 2020. SSI Staff · November 09, 2015

The Public Safety and Security Market size is estimated to grow from $220.82 billion to $370.64 billion by 2020 at an estimated CAGR of 10.9%, according to a new market research report. SSI Staff · November 06, 2015

North America was the largest geographical market for home security solutions in 2014 with a market share of 37.3% SSI Staff · November 04, 2015

A Massachusetts Institute of Technology (MIT) researcher has developed a system that helps drones maneuver obstacles during its flight, according to MIT’s Computer Science and Artificial Intelligence Lab (CSAIL). SSI Staff · November 03, 2015

A new market research report expects the global alarm monitoring market to reach $54.46 billion by 2020 at a CAGR of 6.73% between 2015 and 2020. SSI Staff · October 26, 2015

Honeywell conducted a survey on home security and the results are alarming. More than two-thirds of Americans do not feel totally safe in their homes. A vast majority also said cost was holding them back from adopting smart home technology. SSI Staff · October 22, 2015




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