According to IHS, to date, globally, ‘connected security’ has gained the largest traction on the back of traditional monitoring companies. However, more recently, the market has seen a shift and a movement towards smart security and point security [mostly across North America] as more DIY vendors appear in the market and end-users demand a seamlessly integrated home. In its analysis of the “Smart Home” in relation to security equipment, IHS has identified three models that consumers can chose from when rolling out a “smart” security system.
The first security deployment type is ‘point security’, defined as hardware that does not link to other devices in order to generate automation, with each device having its own application. For example, many of the Z-Wave and Wifi garage door modules used today are often used independent of a total solution. Additionally, all-in-one devices such as Piper are defined as point security products even though there are capabilities to integrate more pieces of hardware. The second type is ‘connected security’, which is a traditional burglar alarm system. All devices are connected to a panel, either hard-wired or wireless; with limited automation in place. Lastly, ‘smart security’ is defined as devices that are linked together through one central point and one application can manage all devices.