Here’s the good news: Not a single person interviewed for this article said business was flat or declined in 2016, or expected it to decline in 2017. In fact, many reported double-digit growth and a continued strong business outlook, both residentially and commercially.
The video surveillance market is on a steady course of growth for now and into the foreseeable future. With a slight uptick in growth this year and not many surprises on the horizon, steady as she goes seems to be the safe bet.
The connected home space is one of “activity but uncertainty” today. The security industry holds the advantage right now, with a built-in revenue model and expertise in integration; but the challenge will be not losing that edge as outside competition starts to figure it out.
August 3, 2016
Talking about the connected home today can be a challenge when you are faced with the question “What is the connected home?”
In a market that is historically a code-driven ‘have-to’ purchase, small changes can have big impacts; and 2015 saw the continuing of that trend, with strong performance and a very positive outlook for 2016.
For a market characterized as stable, code-driven and conservative, 2015 seemed to be a turning point for many in the fire detection business, marking the true end of the downturn and the return to growth.
It was a very good year for access control, with most reporting double-digit growth. But market forces for change are definitely in the wind, such as unification, big data, cybersecurity and so much more.
The economy is up and so are sales and expectations. But it’s an election year; there is more competition than ever in the residential space; and dealers are working hard to embrace the changes in the marketplace.
New and retrofit construction, code changes, communication shifts, easier-to-install technology and a potential increase in discretionary spending are five reasons to be hopeful that the U. S. fire market is moving beyond ‘back to flat.’
Both the residential and commercial markets saw growth this year, due in large part to economic recovery, huge growth in interactive services/integration and increasing user awareness on the home side.
In January of each year, the President of the United States delivers the annual State of the Union address, without fail declaring the union to be strong. In security, the same can be said for the state of the video surveillance industry in recent years. Strong growth has become a hallmark of this segment for the last several years, and there’s no reason to think that won’t continue to be the case.
The general outlook across the industry is highly optimistic as dealers and manufacturers ride the wave of integrated technologies and consumer interest to more and more growth. But there are also cautionary notes. Read more about SDM February Issue.