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Q2 2020

Industry Report

IoT: Extending Professional Monitoring for New Revenue

Innovative companies are driving new revenue by extending professional monitoring services beyond residential security to new use cases in the connected home. These include monitoring of loss prevention devices, personal emergency response systems (PERS), appliances, energy management, asset tracking services, and indoor air quality, among others This research profiles innovative central monitoring stations that drive the market, identifies consumer preferences and willingness to pay for monitoring services, and describes the value propositions for monitoring a variety of smart products within the connected home.

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Bottom Line

Building on Recognized Value

Types of Monitoring

Monitoring Services Beyond Security & Safety

Energy Usage Monitoring

Device Maintenance Monitoring

PERS

IoT Device and Data Security

Emerging Opportunities for Professional Monitoring

Loss Prevention

Indoor Air Quality

Asset Tracking

Central Monitoring Stations

Acadian Monitoring

ADT Monitoring

Affiliated Monitoring

AvantGuard

COPS Monitoring

Rapid Response Monitoring

Vivint Smart Home

Implications and Recommendation

Total Annual Revenue for Smart Home Services
PERS Technological Innovation & Product Design
US PERS Forecast
Adoption of Consumer Electronics and Connected Health Products
Desired Items for Smart Tag Tracking Service
 

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Parks Associates has made every reasonable effort to ensure that all information in this report is correct.  We assume no responsibility for any inadvertent errors.

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