innovation & business acquisitions of smart security
DESCRIPTION
Presentation for Home Connect 2014 conference in Toronto on Nov 21, 2014TRANSCRIPT
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Market
• Experts credit the increased availability of security systems as a contributing factor of this decrease in break-ins.
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Market
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Market• Only 7.35% of America’s 132,000,000+
homes have a security system. • Over 1.85 Million petty thefts occur in vehicles
each year. • By 2015, security will be a 220 Billion dollar
industry. • The “Internet of Things” is a hot trend. People
are starting to figure out that cloud technology can make life much simpler, and are seeking out ways to take advantage of it.
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• Major players such as ADT and AlarmForce dominate the market, but are costly and inefficient.
• Startups such as Scout and Canary are up and coming.
Landscape
• Traditional alarm systems rely on dispatch centres that rarely stop or prevent a robbery.
• They are poorly designed, difficult to manage, and impossible to customize.
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Google and Nest may move into home security by buying out Dropcam
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