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Samsung, ADT team up on home security kit, competing with Nest

Only about 22 percent of U.S. homeowners have a professionally monitored home-security system, and most of those have been installed by the companies, said Parks Associates senior analyst Brad Russell. ADT has about a quarter of that market, leading competitors Vivint, Comcast’s Xfinity Home and Moni.

The overall market has remained flat for several years, but should generate $15 billion in revenue this year, Russell said.

From the article "Samsung, ADT team up on home security kit, competing with Nest" by Benny Evangelista.

Previously In The News

On-Demand Tech Support Companies HelloTech, Geekatoo Announce Merger

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When it comes to predicting when the smart home will become a mainstream phenomenon, we’ve repeatedly missed the mark. Some of us have enjoyed the benefits—and dealt with the few headaches—of living i...

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Other barriers for increasing adoption are concerns about security and privacy. With more reports in mainstream media about smart home devices being hacked, the public awareness of this issue has incr...

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