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For the second consecutive year SDM’s Industry Forecast Study cited DIY security providers as their greatest competition in the coming year, with 33 percent of respondents choosing DIY companies as their No.
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Startups aren't the only ones making money off the DIY demand. Products from corporate titans such as Google's Nest and Dropcam are also diversifying the market. In most cases these have been acquired, not developed by the big corporations themselves. Investment firms have also spotted an opportunity in the DIY home security market. For example,
Sequoia invested early; in 2014, the firm dumped $57 million into SimpliSafe, which offers self installed security systems. All told, DIY systems are on track to take over 34 percent of the home security market by 2020. They're also projected to account for more than 62 percent of the market by 2035. The profitability of home security systems has become ever more apparent. That's resulted in intense competition within the
industry as startups and big name corporations duke it out. The participation of major brands has validated and helped spur investment in the industry. Competition has gotten even fiercer as telecommunications and cable companies get in on the action.
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The video looks sharp; night vision is clear; the camera can be used as an intercom; and it interacts with the Nest Thermostat and the Nest Protect smoke detector, as well as numerous third party smart home devices.
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