CONNECTIONS™ to examine security use cases and channel strategies in driving smart home adoption

Parks Associates' Home Security: Channel Insights reports 75% of home security installations in 2017 included smart control features. In addition, 90% of U.S. security dealers now offer at least basic interactive services with their systems, 36% report security systems sales with a networked camera, and 16% report sales with a smart thermostat. Parks Associates will host CONNECTIONS™: The Premier Connected Home Conference on May 22-24 in San Francisco, to discuss the safety and security value propositions that promote smart home adoption and their impact on security sales channels.

“Security dealers continue to explore innovations to increase the consumer adoption of their offerings,” said Dina Abdelrazik, Research Analyst, Parks Associates. “Currently only 5% of dealers report including smart speakers with their security system sales, but the popularity of these devices means we will start to see more voice control options in security installations. Large security providers such as ADT and MONI/Brinks have enabled Alexa skills and certain security functionalities to be accessible via voice commands through popular voice assistants.”

Abdelrazik will moderate the session “Home Security: The Expanding Market”on Wednesday, May 23. Speakers for this session:

Lewis Brown, CEO, MiOS

Mike Hackett, Co-founder and SVP, Qolsys

Jim Poder, VP, Product Management Residential Systems, Nortek

Russell Vail, EVP Market Development, Alula

Matt Wolf, Head, Partnerships, SimpliSafe

“Interactive home security continues to be the key driver in the adoption for consumer IoT solutions,” said Lewis Brown, CEO, MiOS.

“A secure home is a smart home; therefore, we’re seeing the traditional residential security market naturally converging with the IoT wave,” said Mike Hackett, Co-founder and SVP, Qolsys. “CONNECTIONS™ is the best opportunity to network and learn about new technologies enabling this convergence with new go-to-market strategies and best practices.”

“We’re thrilled to be part of this Conference,” said Jim Poder, VP, Product Management Residential Systems, Nortek. “Consumers are adopting more and more smart home technology, and it’s important to stay on top of the emerging trends to keep them engaged and connected.”

“CONNECTIONS™ is a great learning and sharing event for the connected home professional. DIY is coming of age and will be the next big thing for the security and home automation companies,” said Russell Vail, EVP, Markets, Alula.

"SimpliSafe's mission is to make every home secure, and we're always looking for innovative technology and partnerships to accomplish this goal. We're looking forward to meeting with fellow industry leaders to discuss how we can design solutions that provide value and accessibility for all," said Matt Wolf, Head, Partnerships, SimpliSafe.

CONNECTIONS™ will host more than 650 high-level executives in an intimate networking environment. The event includes a mix of market research, analysis, and industry insight designed to capture the complexity and opportunities in these interconnected markets.

For information, visit www.connectionsus.com. To schedule an interview with an analyst or to request specific data, contact Julia Homier at julia.homier@parksassociates.com, 972-996-0214.

About CONNECTIONS™

Parks Associates' 29th annual CONNECTIONS™: The Premier Connected Home Conference is hosted May 13-15 at Renaissance Dallas at Plano Legacy in Plano, Texas, and brings industry leaders together to provide insights and business forecasting about the adoption of technology including broadband, smart home, security, connected health, energy, and home automation.

CONNECTIONS™ provides ongoing insights throughout the year with virtual and in-person conference sessions. Parks Associates' analyst team leads the conference sessions, which are focused on technology innovations, consumer adoption and trends, product and service forecasts, and the evaluation of new business strategies, partnerships, monetization opportunities, and value-added service design.

CONNECTIONS™ is a pivotal platform for partnerships and exploring the future of technology adoption and its impact on consumers and businesses. www.connectionsus.com