Security with home automation capabilities will account for 40% of total security revenues in the US.
The interactive security market is expected to generate revenues of $12bn in the US and Western Europe by 2018, according to a report.
According to Strategy Analytics, automated security in the home is expected to account for more than 40% of total security revenues in the US by 2018.
In Western Europe, the home security market is expected to reach $6bn, driven by a shift in spending from traditional to interactive security, in part down to its remote monitoring and control capabilities.
ThSecurity provider Securitas Direct has launched its Verisure platform, while SFR, Swisscom and others have introduced services as they try to make profits from the growing market.
Strategy Analytics’ Bill Ablondi said that America has already experienced cable multiple system operators embracing automated security platforms like iControl’s ZigBee-based platform, Vivint and FrontPoint.
"And the competition is building with DIRECTV acquiring LifeShield and Linear, which acquired 2GIG, introducing a platform designed to bring interactivity to legacy systems," Ablondi added.
"In addition, Honeywell’s Total Connect platform, used by Protection 1 and SAFE security, is gaining traction in the US market."