Executive Summary

• The top reason for adopting a smart home is security.
• Smart home security systems come with a host of advanced features that outdo their traditional counterparts.
• Companies that professionally install and monitor security devices hold 93% of the market share while those that sell devices and smart security systems that are installed and monitored by customers hold 2.3%.
• The last category of self-installed and self-monitored security system companies is expected to command 34% of the market in five years, says Citibank.