"As we expect in a growing market, we see new entrants that tend to compete with standalone devices rather than an ecosystem of connected solutions," Weirich continues. "This has helped raise awareness of the product category and is giving the consumer the opportunity to evaluate different price points. Resideo's portfolio of connected solutions allows a homeowner to interact with their water leak and freeze detectors in the same app as their smart thermostats — this whole home approach is where we expect to see the most value created for homeowners and the professionals."