Smart home security set to leapfrog traditional systems
According to IHS Technology, traditional high-end domestic security solutions represented about 32% of the USA market for smart security in home automation applications in 2014. By 2018, the market share of traditional high-end is forecast to decline to about 22%. Contrary for service providers, which were estimated to represent about 38% of the market in 2014, are forecast to represent about 58% of the market by 2018. Device vendors are projected to expand penetration through 2016 before losing share.