Report Overview: Resideo Buys Snap One
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The consolidation of the smart home market was impacted by Resideo’s recent acquisition of Snap One in April 2024. Resideo’s ADI Global Distribution and Snap one have combined forces to bring the power of choice to professional installers and integrators. An array of products across security, audio-visual and smart technology provide an opportunity for homeowners to have full control of their entire abode. This is exciting news for Resideo and Snap One as both parties are looking to bounce back from a challenging 2023, in which turbulent economic conditions and high mortgage rates affected the demand for smart home installations. As the housing market becomes more favorable for prospective buyers, TechInsights expects a surge in requests for security capabilties and other smart home functions.
