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Smart Home and Security Tracker 2024 - November Market Update

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    Report

  • November 2024
  • Region: United States
  • Parks Associates
  • ID: 6033746

This product is part of the Smart Home and Security Market Tracker service. Smart Home and Security Tracker provides market intelligence on the competitive US Smart Home and Security landscape by sizing and forecasting the overlapping markets and providing an analysis of key industry trends, market shifts, and player announcements on an ongoing basis.

Market Trends & Competitor News - The monthly report covers announcements from major industry players and highlights the potential impact it will have on the market.

  • It helps competing brands understand how the actions of different companies may impact their own bottom-line.
  • It includes insight on the activity of major tech giants in the smart home space, Amazon, Google, Apple, and Samsung
  • It includes insight on the activity of and the major smart security providers and platforms ADT, Alarm.com, Comcast, Brinks, Vivint, SimpliSafe, and others.

The Smart Home and Security Market Tracker helps companies stay informed with Market Sizing and Quarterly Updates focused on the smart home market.

Table of Contents

Navigating the Future of Energy Management: Opportunities and Challenges

  • Market and policy demands are shaping the industry, and consumers feel the squeeze
  • Smart home devices are the main entry point for mass-market energy management
  • Demand response programs help manage energy, but participation is low
  • Solar and EVs are struggling, but EVs could be the inflection point for energy management

Industry News & Competitor Moves

Residential Security

  • Allstate partners with Arlo to offer a home security bundle
  • Nice video doorbell now available for pre-order
  • Blink introduces Sync Module XR to extend range for Blink Outdoor 4 cameras
  • Resideo introduced the First Alert VISTA H Series at CONNECT 2024

Matter 1.4 update

  • Matter 1.4 update adds support for new devices and energy management tools

AI & Data Analytics

  • Google Gemini adds smart home control with new Home Extension
  • Johnson Controls adds AI features to the OpenBlue platform
  • Google launches Gemini app for iPhone with expanded AI capabilities
  • Lumen and AWS collaborate to use AI for improving network operations
  • Samsung introduces updates to SmartThings for easier device control
  • Google Nest and Gemini AI bring smarter features to your home devices

Companies Mentioned

  • Allstate
  • Arlo
  • AWS (Amazon Web Services)
  • Blink
  • First Alert
  • Google
  • Johnson Controls
  • Lumen
  • Nice
  • Resideo
  • Samsung