"security" articles
Consumers want a smart and secure home that “just works.”
Unfortunately, 54% of US internet households experience technical issues with their home networks, and most smart home device owners report technical problems with their devices. The ability to quickly resolve networking and product issues is critical to making the connected home seamless and enjoyable, but providing that experience means increasing support costs for internet service providers and device manufacturers....
There is a considerable market opportunity for residential security service providers to build on their core offering, chiefly by cultivating peace of mind value propositions for security-adjacent use cases. Certainly, macro events like the recent pandemic have impacted consumers' purchase behavior around residential security capabilities. Parks Associates asserts that the overall market growth tailwinds for residential security are strong due to mounting nationwide concerns about crime...
For decades Parks Associates has tracked adoption of home systems and security systems. Recently we changed the way we asked about security solutions given the major entrance of DIY solutions changing the market dynamics. Ultimately, the market is expanding. Our view we believe reflects a more accurate portrayal of the market, especially in looking at the growth of the market.
Parks Associates' most recent update of its Residential Security Tracker assesses the residential security...
Join leading industry executives and analysts for a special virtual roundtable discussion, State of Commercial and SMB Security: Video is the New Perimeter , on Thursday, October 13, 11:00 am–12:15 pm CT, as part of the 2022 CONNECTIONS™: The Premier Connected Home Conference experience. The virtual roundtable, sponsored by Alarm.com, addresses the growing role of video verification and analytics in security solutions for commercial and small-to-medium business.
Parks...
The vast majority of businesses in the US are SMBs. Many of the United States' 30+ million small and medium businesses (SMBs) are just as much, if not more, a target of cybercriminals as larger firms.
The pandemic continues to drive a shared learning experiment testing the viability of remote work on a mass scale, with approximately 38 million households having at least one member working remotely in 2021. For the first time in decades, US workers control a tight labor market and...
2021 and 2022 have been healthy years for the home security industry, and new competition is changing the landscape. Self-installed systems now represent about half of all security systems owned or 16% of all US broadband households. Taken together, these metrics underline the growth of the self-install, professionally monitored market for major players.
Understanding the complexity of the market is important as the lines continue to blur with offerings from traditional players...
The cost of living has increased in 2022 as inflation recently broke a 40-year high. There are few indications that consumers can expect a significant decrease in the cost of goods and services in near future. Security companies must find ways to increase revenue to compensate for the higher prices in materials, overhead and wage inflation of their employees.
A good portion of the security industry is raising professional monitoring fees or including new services for consumers to...
While traditional appliances are self-contained with all the components and the user controls in one cabinet, home systems are not. Components are located where optimal and interconnected electronically via a home network.
Home systems have been designed with customer features tailored to a range of use cases, including lighting, energy management, environmental comfort, entertainment, healthcare, and safety. Each application is organized around a controller that manages connected...
