announced that it has entered the Smart Home market with Google Home, Nest, and Ring Doorbell products driving record-breaking sales through the Company’s wholly-owned e-retailer website, ApexCCTV.com
ApexCCTV has noted consistent growth since the redesigned platform went live last year. Total inbound traffic to the e-commerce website has increased by 43%. As a supplier, ApexCCTV has the ability to offer the most competitive pricing on the internet. The addition of Smart Home Products like Google’s (GOOG) “Home”, “Nest”, and Amazon’s (AMZN) “Ring” doorbell products have been strong contributing factors for ApexCCTV’s record-breaking increase in orders and revenue of 172% and 185%, respectively. In an effort to further this growth, ApexCCTV.com will be adding roughly 2,300 new products in the coming weeks, doubling the size of its product catalog.
According to Markets and Markets in the report titled: Smart Home Market by Product - Global Forecast to 2024, the overall smart home market is expected to grow from USD 76.6 billion in 2018 to USD 151.4 billion by 2024, at a CAGR of 12.02%. The growth in the smart home market will be driven by the adoption of smart devices and a widespread concern about safety, security, and convenience. DirectView and ApexCCTV (together as leading providers of Security, Surveillance, and Smart Home equipment), and Virtual Surveillance, LLC., (as the seasoned installer), possess the synergies necessary to become a prominent provider and installer of smart home technology.
Roger Ralston, President and CEO of DirectView, said, “We are experiencing an ever-growing demand for DirectView’s products and services, not solely in security and surveillance, but in other market segments like smart home and home automation. Since adding smart home devices at competitive prices, our e-commerce website (ApexCCTV.com) has recorded record-breaking traffic, orders, and revenues. We want to set the bar higher and higher each quarter and I couldn’t be more confident in the abilities of DirectView Holdings’ subsidiaries. In fact, I am so confident in DirectView that I am exploring options to retire my personal debt in the company, which totals approximately $2 million dollars in exchange for additional equity in the company.” https://finance.yahoo.com/news/directview-enters-smart-home-market-122700211.html