Samsung Techwin enters U.S. and European home security markets

Samsung Techwin has signed a contract to supply around 800,000 smart home security cameras (see photo) with AT&T, the largest communications service provider in the U.S., and Securitas Direct, a European home security service provider, the company said on Monday.

For the next three years, Samsung Techwin will provide more than 300,000 security cameras to AT&T and 500,000 to Securities Direct. Samsung Techwin’s home securities cameras allow smart home monitoring based on Internet of Things technology.

The global video monitoring market is expected to grow from approximately 1.7 trillion won (1.57 billion U.S. dollars) last year to about 25 trillion won (23 billion dollars) in 2017. Samsung Techwin has a goal of topping the world’s video monitoring network market.

“We plan to increase the product line-up amid consumers’ recent growing interest in smart home services,” a source from the company said.