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Alarm.com IPO shows possibilities for profit in smart home services

May 26, 2015

While 1 in 5 broadband-connected U.S. households pay for some kind of professionally-monitored home security systems, fewer than 1 in 12 have installed so-called smart home gear, according to a survey by Parks Associates that was cited in the Alarm.com filing. The smart home security and automation market is projected to grow 21% annually, hitting $15 billion worldwide in 2018, according to Juniper Research.

Of course, not all rosy projections come true. Smart home technology is still fairly new, and many consumers are concerned about the privacy and security implications of installing smart home devices. And the warring software standards may persuade many potential buyers to wait for a consensus winner to emerge.

From the article "Alarm.com IPO shows possibilities for profit in smart home services" by Aaron Pressman.

Previously In The News

AT&T Digital Life and Parks Associates Address Home Security, IP Connected Home Services in Keynotes at CONNECTIONS(TM) at CTIA 2013

Tricia Parks, CEO, Parks Associates, presents today on the growing presence of IP-enabled solutions in the home management and security markets as part of her keynote address "Emerging Markets for...

CTIA 2014 Partners with NAHB 2014 "Design and Construction Week"

CTIA-The Wireless Association® today announced partnerships with the National Association of Home Builders (NAHB) 2014 "Design and Construction Week" (DCW) and Parks Associates for the CTIA 2014™ S...

63% of Smart TV Owners Have the Device Connected and 79% of Them Use It to Watch Online Video Regularly

Parks Associates today announced new research showing 26% of U.S. broadband households own a smart TV and 46% own at least one set-top box. Furthermore, 63% of smart TV owners connect the set to th...

Samsung Electronics and Delivery Agent Launch T-Commerce Shopping

In a second phase launch planned for this year, Samsung Smart TV viewers will be able to opt-in to shop directly from television programming and advertising while simultaneously viewing. In additio...

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