Tag: Brad Russell
The value of pro monitoring still strong despite recent challenges
June 3, 2020Paul Ragusa
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.The research addresses how innovative companies are driving new revenue by extending professional monitoring services and offerings within the connected home.Diving deeper into the numbers, monitoring revenue will...
Total professional monitoring revenue to exceed $15B in 2020
May 13, 2020SSN Staff
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’ “IoT: Extending Professional Monitoring for New Revenue” addresses how innovative companies are driving new revenue by extending professional monitoring services beyond residential security to new use cases in the connected home.“The number of connected devices continues...
Parks studies IoT interoperability and customer expectations
August 8, 2018Spencer Ives
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.“This is an area that we cover very closely,” Brad Russell, research director, connected home, at Parks Associates, told Security Systems News. For Parks, interoperability in a smart home means “all...
AI and smart homes: We may not notice the future
March 28, 2018Kenneth Z. Chutchian
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.Industry experts interviewed by Security Systems News agree that most of us take for granted the ways in which artificial intelligence has changed our lives at home. They don't necessarily agree on the speed of change over the last five to 20 years,...