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Q4 2024

Market Forecasts

Residential Security Forecast 2024

Parks Associates has produced a Residential Security Forecast for almost four decades as part of its ongoing reporting to understand, size, and segment the market for home automation and control systems.  Parks Associates Forecasts use data from Parks Associates' consumer surveys for years 2012-2024 for penetration of home security systems in the US and leverages our years of expertise in this market to build these forecasts through 2029.
 

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Security Segments
Service Revenues
Comparative Growth Rates
US Residential Security Forecast

In the recent past, the market for residential security solutions has undergone dramatic swings.

2016 – 2020, Market Expansion
2020 – 2022, Pandemic Reactions
2023 – 2024, Housing Slowdown
2025 Outlook and Beyond

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Security Adjacencies: Building on Peace of Mind Value Props - Q2 2021

Primary Research

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Residential Security Dashboard 4Q 2023 - Q1 2024

Residential Security Dashboard 2Q 2023 - Q3 2023

Residential Security Dashboard 4Q 2022 - Q1 2023

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