For several years, the home security market has undergone a significant evolution. Many converging technologies have expanded and disrupted the home security business model, creating a new opportunity in its place. Traditional home security companies have expanded by adding new home monitoring and control services to their offerings, transitioning security into “Smart Security.” New entrants also eschewed professional installation and monitoring. Instead, they offered do-it-yourself (DIY) home security with Smart Home capabilities—disrupting the market with “DIY Smart Security.”
By embracing the DIY Smart Security option, companies interested in joining this fast-growing market can sidestep what were once major barriers to entry. Read our latest whitepaper to explore the evolution of traditional home security and how to leverage the DIY Smart Security opportunity ahead.