2012 would be remembered as the pivotal year for home security. A perfect concoction of investment, technology and new entrants has now changed the market landscape forever. Service/business models, ubiquitous broadband and smartphones have finally colluded to make home security and surveillance a more than affordable and viable solution. According to Frost & Sullivan, even the cash-strapped European region is expected to witness a CAGR of 7.7 percent in the home automation and security segment, to surpass US$450 million by 2017.
In 2012, Vivint was sold to The Blackstone Group for more than US$2 billion...
