Tag: residential monitoring
U.S. households feel 'safe enough' with smart home security devices
October 1, 2020SSN Staff
DALLAS—New research from Parks Associates finds 60 percent of U.S. broadband households feel “safe enough” with only a professionally monitored home security system while 55 percent report feeling safe enough with only a self-monitored home security system.
“While most consumers feel ‘safe enough’ only with a home security system, security-focused smart home devices delivers this same baseline feeling of security for a majority of households,” Brad Russell,...
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...