"security" articles

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...
 
by Elizabeth Parks | Sep. 23, 2022
Tags: Internet of Things, security, Wi-Fi
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...
 
by Elizabeth Parks | Sep. 18, 2022
Tags: broadband, home automation, security
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...
 
The challenges to securing the smart home create ample business opportunities across the value chain for security solutions. Security solutions at the level of hardware, network, or cloud platforms are vitally important to the success of IoT providers throughout the ecosystem. Data security or privacy issues concern 79% of consumers and this concern is one of the top three purchase inhibitors of smart home devices. Key trends include: Interest in device...
One unique market for smart space solutions is that of smart apartments and MDUs. Smart apartments feature smart amenities for residents, community management solutions, and building automation solutions. These solutions are growing in popularity among MDU property managers and owners in the US and Europe. In Europe, this is noted by investments in property management software, such as Plentific, which raised $100M in funding from Brookfield Asset Management, Highland Europe, and Target...
 
by Elizabeth Parks | Sep. 12, 2022
Tags: security, smart home, Whitepaper
AI and machine learning applications across verticals in the smart home ecosystem can draw on an array of data sources from the connected home. A device may constitute a single sensor, such as a motion sensor, though increasingly multi-sensors that bundle a collection of sensors in one device are becoming more common. AI benefits from being able to gather a variety of sensor data in order to better understand the home context. As connected devices continue to be added, data sharing among...
 
by Elizabeth Parks | Sep. 9, 2022
Tags: home safety, security, smart home
State Farm’s $1.2 billion investment in ADT for 15% stake in the company signals a turning point in the slow and somewhat tepid attention insurers have paid to the smart security space. Smart security products and systems stand to save insurers billions of dollars through proactive monitoring, detection, and deterrence for burglary, home, and fire damage. Parks Associates’ July 2022 research finds: 23% of US internet households have experienced water damage...

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