Bob Bryan for BusinessInsider: Currently, there are three types of home security on the market. The industry giants run traditional professionally installed and monitored systems, like what ADT offers and telecoms such as Comcast and AT&T have begun to roll out. These represent 93% of the home-security market, says Citi.
The next is self-installed and professionally monitored in which a customer installs the hardware and then pays a subscriber fee to have the house monitored by professionals. This category includes companies like SimpliSafe, Frontpoint, and Protect America. These companies have 4.7% market share.
Finally, self-installed and monitored systems such as Google's Nest and Dropcam or Apple's HomeKit-enabled devices leave it up to the user to set up their home security and use notifications to enabled devices to alert people. For these services there is no human monitoring the home security. They control 2.3% of the market, but not for long says Citi.
Based on research projections, Citi estimates that self-installed and monitored systems will control 34% of the market in five years, with professional system slipping to 61.6%. In the longer term, 20 years from now, these numbers are projected to basically switch with self-monitored systems holding 62.5% of the market and professional services making up 31.3%. Cont'd...
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By Jenny McGrath for DigitalTrends: Last March, Honda showed off its state-of-the-art smart home, which is so energy efficient it actually produces more energy than it uses. But it wasn’t just a slick showpiece. For the last nine months, the Bennett/O’Hara family has been living in the Honda Smart Home on the University of California campus in Davis, and they like it so much, they’ve decided to extend their stay another year.
You can’t really blame them. It’s 1,944 square feet, runs on solar energy and battery power, and it doesn’t even need air conditioning. Everything from the lights to themusic is controlled through an iPad app. The blinds and lights are programmed to open and close automatically. Because its plans are all open-source and it produces more energy than it uses, it’s an excellent potential model for future California homes, because all new houses there will have to be net zero beginning in 2020.
If it seems odd for a car company to get involved in home automation, it’s because Honda is actually looking at the bigger picture. Honda and UC Davis researchers are looking at how devices work together, and how they can influence climate change, according to Smithsonian Magazine. The dishwasher is from Bosch and KitchenAid made the refrigerator, but the energy management system is Honda’s. The company also wanted someone in the family to drive about 30 miles per day, testing its electric Fit and accompanying charging equipment. Cont'd...
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