Google's decision to discontinue its three-year-old Nest Secure do-it-yourself security system wasn’t a surprise, given Google’s $450 million investment in security stalwart ADT in August, Parks Associates analyst Brad Russell told us. It raises questions about the staying power of the DIY security system market, Russell said, noting the low uptake of recurring monthly contracts in the segment vs. the 88% adoption among professionally installed systems.

From the article "Google's DIY Security Exit Spurs Doubts About Segment's Future: Parks" by Rebecca Day.

Next: COVID-19 Spurred AVOD's Growth Amid Flurry of Big Media Plays, Parks Event Told
Previous: Streaming Service Stacking Continues; OTT Providers Face Challenges in Growing Market

Be the first to leave a comment.

Have a comment? Login or create an account to start a discussion.