"CONNECTIONS" articles

Did you know that currently, 33% of broadband households have a security system with professional security monitoring?   Join leading industry executives and analysts at Parks Associates’ interactive CONNECTIONS virtual session on August 18 at 11:00 AM CT for insights on the state of the home security market and so much more. Panels and speakers include: Hybrid Business Models: Security and Smart Home Michael Bobich , Director of...
 
by Parks Associates | Aug. 12, 2022
Tags: CONNECTIONS, security, smart home
More device offerings and connected ecosystems are present in the market now compared to a decade ago. However, the ability of devices to work in tandem with other devices (even in different ecosystems) has also increased. Initiatives like matter (although not yet fully implemented) that are aimed at bridging remaining gaps in interoperability and device compatibility are being committed to by tech giants and smaller developers alike and will help simplify consumers’ experience as...
Parks Associates’ study “ COVID-19: Impact on Seniors, Caregivers, and Independent Living Solutions ”  reveals that nearly 33% of US seniors (ages 65 and older) are considering purchasing an independent living system. This interest follows a trend of increasing technology adoption among the 65+ US population. AI is growing in importance in senior and assisted living environments. With over 70 million baby boomers expected to retire by 2030, combined with increased...
Parks Associates research finds security system adoption has steadily increased in recent years, reaching 36% of internet households. Adoption is driven by recent advances in DIY installation, reduction of service and hardware costs, and a growing need for peace of mind. Residential security customers in single-family and SMB properties have a myriad of installation methods, alert methods, device types, and associated services. Parks Associates new whitepaper Zero Response Time...
Connectivity in the home and the addition of connected devices continue to expand year-over-year, with consumers now owning an average of 16connected devices, with the majority coming from the mature connected CE product category and the remainder from smart home and connected health products. The increasing levels of connectivity in consumers’ lives provide easy targets for hackers and present security and privacy vulnerabilities for consumers.  The glossary of terms...
The 800-pound gorilla issue in the security device space is the prospect of colliding market segments. Market segments in the residential security industry continue to experience a blurring of lines between professional and DIY solutions. Professional installation and monitoring providers, such as ADT, Brinks, and Comcast, have added self-installation and monitoring options. At the same time, companies that started in the DIY space now offer professional installation and...
It stands to reason that video and audio analytics tech on other devices will eventually come to the smart home as engineering advancements make it feasible on a smaller and cheaper platform. Consumers may encounter this technology at work or in public and come to expect similar features and capabilities. There are also advancements in audio and video data that will act as competition or supplement these audio and video in gathering data for analysis. Rise of...
Reduction of false alarms is a major goal for players in the home security industry. Currently, 36% of US internet households have a home security system with the vast majority professionally monitored. False alarms are a source of frustration for home security owners regardless of the type of alarm, and most (65%) have paid a fine as a result. With 62% of home security owners able to recall a false alarm in the past 12 months and nearly one-in-ten reporting they...

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