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Brad Russell

The value of pro monitoring still strong despite recent challenges

Professional monitoring revenue forecast to reach $19.22B by 2024
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06/03/2020

DALLAS—Parks Associates' Research Director Brad Russell shared some additional research with Security Systems News from Parks' “IoT: Extending Professional Monitoring for New Revenue” study that shows the value of professional monitoring is still strong despite recent challenges.

Total professional monitoring revenue to exceed $15B in 2020

Parks’ research identifies new use cases in energy, health, security and smart home for professional monitoring
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05/13/2020

DALLAS—Research firm Parks Associates forecasts professional monitoring revenue for the U.S. residential security sector will total $15.74 billion in 2020, with smart home services accounting for $1.2 billion.

Parks studies IoT interoperability and customer expectations

43 percent of survey respondents see Amazon Echo integration as important
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08/08/2018

DALLAS—Parks Associates released a report, titled “Interoperability and the Internet of Things,” that said voice control integrations are high on consumers’ wish lists when it comes to new smart devices and most consumers only have one smart device, among other findings.

AI and smart homes: We may not notice the future

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03/28/2018

The Jetsons are not walking through your front door anytime soon. Or perhaps they’re already here and you don’t remember life without them. That’s the way technology blends into our lives, often without a formal invitation. The security industry knows this.