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Samsung, ADT team up on home security kit, competing with Nest

Only about 22 percent of U.S. homeowners have a professionally monitored home-security system, and most of those have been installed by the companies, said Parks Associates senior analyst Brad Russell. ADT has about a quarter of that market, leading competitors Vivint, Comcast’s Xfinity Home and Moni.

The overall market has remained flat for several years, but should generate $15 billion in revenue this year, Russell said.

From the article "Samsung, ADT team up on home security kit, competing with Nest" by Benny Evangelista.

Previously In The News

Adoption Of Broadband Connectivity Fuels Growth Of IoT

"Consumers are embracing connected devices, and companies are looking to expand their presence in the IoT," said Stuart Sikes, president, Parks Associates. "Parks Associates' research examines the evo...

Usage Of TV Everywhere Reaches 40% Of Pay-TV Consumers

New research from Parks Associates (www.parksassociates.com) shows that usage of authenticated video viewing, or TV Everywhere, reached 40% of U.S. pay-TV consumers in 2015, up from 22% in 2013. The d...

70% Of U.S. Households With Smart Energy Devices Report Saving

New data from Parks Associates (www.parksassociates.com) shows that 70% of U.S. households with smart energy devices report saving money due to reduced energy consumption. However, the report also not...

Report: 40 Percent Of US Caregivers With Smartphones Use A Care-related App

Although 76 percent of caregivers in US broadband households own a smartphone, just 40 percent of this group use an app to help them with caregiving tasks, according to a report from Parks Associates....