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What we are going to concentrate on is enhancing professional security or connected home experience. ”From voice to video, the “it” technology of the moment has a positive effect on dealers, says Greg Blackett, of Tyco Security Products. “A lot of these products drive interest in security. There is an opportunity there in the form of reaching a customer that hasn’t had security before by delivering new products. Maybe they will start with a point product but then possibly migrate to a more secure, professional solution. Those are the types of things that will help us…. As an industry we are doing good work making sure products can connect in a meaningful way. ”While homeowners are nearly 2. 5 times more likely than renters to have a working security system, a significant portion 43 percent of recent buyers acquired their systems as part of the purchase of a new or existing home. While interactive services have taken hold in the industry, radically improving customer satisfaction and retention, the addition of home control products including lighting and thermostats has also expanded the value of security solutions. Bundling smart energy, home security, and smart home services has made the security industry the leading channel for smart home services.

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01.14.2007 | 34 Comments

1 billion by 2018. The market research firm Allied Market Research projects that the global smart homes and buildings market will grow at a compound annual growth rate of 29. 5% through 2020, at which point the market will be worth $35. 3 billion. Another even more optimistic report from Juniper Research, predicts that the market will grow to $71 billion by 2018. Beyond this market are less expensive smart home devices and systems, largely manufacturer by security, software and electronics firms. Rival software firms Apple and Google are two major players in this marketspace. Google recently acquired the aforementioned Nest Learning Thermostat for $3. 2 billion, and has designs on the home security market. Apple is designing a software platform to control smart home devices, and is in talks with a group of retailers to incorporate it into their devices. Another large player in this market is ATandT, whose Digital Life service, consisting of one app and a wireless adapter device, aggregates all services and devices and the consumer pays a monthly fee for this service.

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01.14.2007 | 16 Comments

It just improved the installed base. The beauty of this industry is that installed base of systems in homes and businesses that are there regardless of who is living or working there. People like us who have been here and toughed it out have the opportunity to pick up some of that orphaned installed base. ”White doesn’t see that slowing down anytime soon. “2017 will be a year filled with continued consolidation. The influx of private equity funds into this hot space will fuel mergers and acquisitions.