Market Share of Security Services Industry for Smart Homes
The security Services market for smart homes is fragmented. Various established international brands, domestic brands, as well as new entrants, form a competitive landscape. The major players are increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development.
- June 2021: ADT Inc., one of the largest home security companies in the U.S., filed a U.S. patent-infringement complaint seeking to block imports of Vivint Smart Home Inc. products over the growing American market for smart-home technologies. The company claims Vivint's home security monitoring and automation control panels infringe two patents for 'smart home integration, data collection, and control panel functions and interfaces, among other capabilities and features.
- March 2020: Vivint Smart Home introduced its AI-powered Doorbell Camera Pro with a 180-degree vertical and horizontal field of view, along with a 1:1 aspect ratio that can intelligently detect packages and protect from theft and other potential threats. It provides homeowners with peace of mind by helping to prevent crimes before they happen.
Smart Homes Security Services Market Leaders
ADT Security Services
AT&T Inc
Comcast Corporation
Vivint, Inc.
Tyco Security Products
*Disclaimer: Major Players sorted in no particular order
