Total professional monitoring revenue in US will exceed $15 billion in 2020

Parks Associates, Parks,

Total professional monitoring revenue in US will exceed $15 billion in 2020 | #TpromoCom #Monitoring #Security #Business | Industry research identifies new use cases in energy, health, security, and smart home for professionally monitoring services in the connected home

Research firm Parks Associates forecasts total professional monitoring revenue for the US residential security sector will total $15.74 billion in 2020, with smart home services accounting for $1.2 billion. IoT: Extending Professional Monitoring for New Revenue addresses how innovative companies are driving new revenue by extending professional monitoring services beyond residential security to new use cases in the connected home.

“The number of connected devices continues to expand year-over-year, and 2019 concluded on a particularly strong note for the security industry,” said Brad Russell, Research Director, Connected Home, Parks Associates. “Security system adoption reached one-third of all US broadband households at the end of the year. Consumers now have an average of 11.4 connected devices in their homes, which opens multiple opportunities to extend monitoring services as well as different varieties of both professional monitoring and MIY (monitor-it-yourself).”

The firm notes the COVID-19 pandemic and resulting economic fallout create a more challenging landscape in 2020, specifically as consumers will look to reduce household spending. Parks Associates surveys show consumers recognize and value the safety, security, and economic benefits of monitoring services, so companies can build off of this recognized value, with the right marketing and pricing strategies.

“Central monitoring is a high-margin business, and many stations have excess monitoring capacity, driving the industry to expand its value proposition beyond the standard security offering,” Russell said. “As more aspects of daily life get connected, and as people spend more time in the home, new opportunities emerge that cross multiple industries, including energy usage monitoring, risk mitigation from flood and fire, monitoring the health and safety of aging relatives, tracking of valuables, and appliance maintenance monitoring.”

IoT: Extending Professional Monitoring for New Revenue 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.Superior solar power by way of MIT PV innovation (video)

For information about the IoT: Extending Professional Monitoring for New Revenue, contact sales@parksassociates.com. To schedule an interview with an analyst or to request specific research data, please contact Rosey Ulpino at rosey@parksassociates.com, 972.996.0233.

About Parks Associates: Parks Associates, a woman-founded and certified business, is an internationally recognized market research and consulting company specializing in emerging consumer technology products and services. Founded in 1986, Parks Associates creates research capital for companies ranging from Fortune 500 to small start-ups through market reports, primary studies, consumer research, custom research, workshops, executive conferences, and annual service subscriptions.

The company’s expertise includes the Internet of Things (IoT), digital media and platforms, entertainment and gaming, home networks, Internet and television services, digital health, mobile applications and services, support services, consumer apps, advanced advertising, consumer electronics, energy management, and home control systems and security.

Each year, Parks Associates hosts industry webinars, the CONNECTIONS™ Conference Series, Smart Energy Summit: Engaging the Consumer, Connected Health Summit: Engaging Consumers, and Future of Video: OTT, Pay TV, and Digital Media.

http://www.parksassociates.com

Global in scope, airline oriented (image)

Alison online courses where you can get a free education (image)
Alison online courses where you can get a free education.
Please follow and like us:

What’s New: Security & Fire Buy or Sell Forum on Facebook (4/9/20)

Security and Fire Buy or Sell on Facebook (image)

What’s New: Security & Fire Buy or Sell Forum on Facebook | #TpromoCom #Product #Sales #Business | The Security & Fire Buy or Sell Forum is a sales-oriented group where professionals only sell, buy and trade  products, in addition to learning new things about the industry they’re in.

At present we have the following items in house and ready for purchase:

    • (8) BRAND NEW (factory sealed) IB9387-HT bullet cameras in overstock. This is Vivotek’s flagship bullet camera and shouldn’t be confused with the 9387 EHT, EH, or H. MSRP is $750, cheapest on the net is $562.50. I’m looking to offload them all at once. Boston
    • SDI CellChecker $300 Canadian bucks, Gatineau, QC
    • Duty belts and more stuff, $125 · Memphis, TN
    • Police cage for crown Victoria hard seat and feet guard for security are bounty hunter, $200 · Memphis, TN
    • $50 · Springboro, OH, Advantech, mobile DVR, this unit is designed to mout in a vehicle and record video in harsh environments without the need for external heating and cooling. Self contained unit.
    • NAPCO Wireless PIR pn# NAPPIR01 for sale. Bought by accident, listing from Nortek on these was a little unclear. They are 319.5Mhz but DO NOT work with ITI panels. I have 10 and will sell for $20 each, shipping included. Can provide invoice. Ships from San Diego.
    • $50 · Gatineau, QC, two Tycon poe switches $50 each Cnd funds
    • $50 · Gatineau, QC, mikrotik 493G in case Cnd funds, has Ubnt card in it

There are many other items as well.

If  you’re a professional in the security & fire  markets, if you have surplus equipment after finishing a job, bring it over to Security & Fire Buy or Sell and make it available to others. Be sure to answer all questions when  you apply for access.

To review  our member’s products for sale, click here.

Verdafero's Cloud-based SaaS Utility Monitoring Service (image)
Verdafero of San Jose offers security and fire pros a new source of RMR. The US-based firm is a 3rd party service provider, offering a Cloud-based SaaS Utility monitoring service to pros for their commercial and industrial clients. Go to: https://bit.ly/39nZp2F
Please follow and like us:

New StarLink Cellular Solutions Full Line Brochure

Napco Logo (image)

 

New StarLink Cellular Solutions Full Line Brochure | #TpromoCom #NAPCO #Monitoring # | Napco Security Technologies, Inc., introduced a new full-line brochure on its class-leading StarLink® Cellular Solutions for commercial fire, connected business/home and intrusion alarm applications.

New StarLink Cellular Solutions Full Line Brochure (Image)StarLink Full Line Brochure (A766), is downloadable online, and contains specs and ordering info. on all StarLink models & accessories, StarLink, StarLink Connect, StarLink Connect DL, StarLink Fire, including new signal strength tester tool and optional Omni-Series extended indoor/outdoor antennae. It also contains information on two new award-winning panel products with StarLink Inside, i.e., with StarLink Cell Communicators onboard, such as FireLink FACPs and iSecure All-Inclusive Cellular Alarm Systems.

Ask for StarLink cellular solutions today at your local distributor, or for more info. contact your local Sales Representative or Napco Customer Service or at 1-800-645-9445. For free local training classes please also consult our training schedule www.napcosecurity.com/seminars.

About NAPCO Security Technologies, Inc.
NAPCO Security Technologies, Inc. (NASDAQ: NSSC) is one of the world’s leading manufacturers of technologically advanced electronic security equipment including intrusion and fire alarm systems, access control and door locking systems. The Company consists of NAPCO plus three wholly-owned subsidiaries: Alarm Lock, Continental Access, and Marks USA. The products are installed by security professionals worldwide in commercial, industrial, institutional, residential and government applications. NAPCO products have earned a reputation for technical excellence, reliability and innovation, poising the Company for growth in the rapidly expanding electronic security market, a multi-billion dollar market.

 

Please follow and like us:

60% of newly acquired security systems are self-installed

60% of newly acquired security systems are self-installed | #TpromoCom #DIY #Security | DIY Home Security Tracker finds DIY security solutions claim the majority of new security households 

Parks Associates (logo)

New research from Parks Associates finds that DIY security systems are taking a larger share of the residential security market due to their growing popularity among security households. The research firm’s DIY Home Security Tracker notes that among consumers who acquired their security system less than two years ago, 60% are self-installed, compared to only 7% of systems purchased more than six years ago.

Parks & Associates (image)

“Most DIY households use professional monitoring services, but currently 63% of these DIY systems have had their monitoring subscription for less than two years,” said Dina Abdelrazik, Senior Analyst, Parks Associates. “Most DIY security owners are also self-installing add-on smart home devices, so companies are expanding their product lines to meet consumer demand, including Abode, Array by Hampton, and Blue by ADT. This demand for an easy-to-install, integrated solution is becoming more prevalent in the Apple HomeKit ecosystem, with more DIY security systems and camera-related devices releasing product lines compatible with this ecosystem.”

The traditional residential security channel is dominated by professionally installed, professionally monitored systems, but smart home device manufacturers are increasingly extending into the security space. Currently 33% of US broadband households own a security system, an 18% increase from 28% in 2018.

DIY Home Security Tracker assesses the impact of DIY security solutions to expand the market and the potential cannibalization of existing security channels. It also gives an analysis of industry trends, market strategies of key players, and competitive analysis on leading products in all key product categories. The research outlines returns, satisfaction with DIY systems versus traditional systems and the customer buyer journey.

For information about the DIY Home Security Tracker, contact sales@parksassociates.com. To schedule an interview with an analyst or to request specific research data, please contact Rosey Ulpino at rosey@parksassociates.com, 972.996.0233.

About Parks Associates: Parks Associates is an internationally recognized market research and consulting company specializing in emerging consumer technology products and services. Founded in 1986, Parks Associates creates research capital for companies ranging from Fortune 500 to small start-ups through market reports, primary studies, consumer research, custom research, workshops, executive conferences, and annual service subscriptions.

The company’s expertise includes the Internet of Things (IoT), digital media and platforms, entertainment and gaming, home networks, Internet and television services, digital health, mobile applications and services, support services, consumer apps, advanced advertising, consumer electronics, energy management, and home control systems and security.

Each year, Parks Associates hosts industry webcasts, the CONNECTIONS™ Conference Series, Smart Energy Summit: Engaging the Consumer, Connected Health Summit: Engaging Consumers, and Future of Video: OTT, Pay TV, and Digital Media. www.parksassociates.com

divider bar (image)

Alison online courses (image)

Please follow and like us:

Comcast and ADT keynote 24th annual CONNECTIONS™: The Premier Connected Home Conference

Comcast and ADT keynote 24th annual CONNECTIONS™: The Premier Connected Home Conference

Comcast and ADT keynote 24th annual CONNECTIONS™: The Premier Connected Home Conference | #TpromoCom #Parks #ADT #Comcaset | Nearly 60% of smart home device owners prefer to control their devices via an app on their smartphone 

Parks Associates today announced executives from Comcast and ADT will deliver keynotes at the firm’s 24th annual CONNECTIONS™: The Premier Connected Home Conference, May 19-21 at the Hyatt Regency San Francisco Airport in San Francisco, California. They will join a lineup that includes ANGI Homeservices/Handy and Vivint Smart Home, addressing business models, new technologies, and partnerships impacting the growth of solutions for consumers at home.

Call TpromoCom for web design and content (image)
Chick here for more info!

Noopur Davis, EVP, Chief Product and Information Security Officer, Comcast, and Bob Kupbens, President, Chief Strategy and Product Officer, ADT, will address ways to leverage connectivity in the home through partnerships, product integrations, and new solutions that create a valuable experience for consumers while also addressing data privacy and security. Oisin Hanrahan, Chief Product Officer, ANGI Homeservices; Co-founder & CEO, Handy, and Jim Nye, Chief Product Operations Officer, Vivint Smart Home, are also presenting keynotes at the executive conference.

Early sponsors include Alarm.com, Rapid Response Monitoring, Cirrent, Everise, Firedome, Intellithings, MMB Networks, PassiveBolt, Z-Wave, Zen Ecosystems, Aprilaire, Sprosty Network, Wi-Charge, Gadgeon, and Inspire.

Parks Associates’ research finds nearly 60% of smart home device owners prefer to control these devices via an app on their smartphone. Among these, 31% express a preference for an app that controls a single device, while 28% prefer an app that can control all smart home devices.

“Companies can extend the value of smart home solutions for consumers by extending benefits throughout the home,” said Elizabeth Parks, President, Parks Associates. “At CONNECTIONS™, we welcome industry leaders from all areas of the consumer technology ecosystems to discuss strategies to extend value to the consumer and build on today’s leading business models.”

Parks Associates notes that top players are pursuing the goal of enhancing consumer value and engagement through three different strategies.

“The three main strategies are custom smart home controller installation, a cooperative platform by a service provider, and DIY products such as voice-based platforms,” Parks said. “Companies like Control4, Josh.ai, and Savant provide a premium service with a custom smart home controller that can control virtually all devices through a single app. Service providers such as Alarm.com, Vivint, and Comcast are leveraging their existing platforms in the home. Finally, many manufacturers are deploying voice-based platforms, like the Amazon Alexa or Google Assistant, which are having an enormous impact on the ability to control and manage different devices in the home.”

For questions about speaking opportunities, please contact Mindi Sue Sternblitz-Rubenstein, speakers@parksassociates.com, 972-490-1113. To request data or an interview, contact Elizabeth Parks, eparks@parksassociates.com, 972-490-1113.

For more information, visit www.connectionsus.com.

ABOUT CONNECTIONS

Parks Associates’ 24th annual CONNECTIONS™: The Premier Connected Home Conference will take place May 19-21, 2020, at the Hyatt Regency San Francisco Airport in San Francisco.

CONNECTIONS™ hosts more than 650 executives from the connected entertainment, security, smart home, health, and energy industries. CONNECTIONS™ provides networking opportunities combined with visionary keynotes and conference sessions focused on technology innovations, consumer research on adoption and trends, product and service forecasts, and evaluation of new business strategies, partnerships, monetization opportunities, and value-added service design. The event also features a research workshop with a deep dive into Parks Associates’ consumer data and trends in the smart home markets.

Throughout the event, sponsors offer tabletop demos during networking events, spotlighting new technology innovations and services for the entertainment, mobile, and smart home market segments. For more information, contact sales@parksassociates.com, call 972-490-1113, visit www.connectionsconference.com.

Human Investigation Management – ISIO
Human Investigation Management – ISIO. Find out more by clicking!
Please follow and like us:

Update: Security and Fire Buy or Sell Forum on Facebook

Security and Fire Buy or Sell Forum on Facebook (header graphic)

We have the following items on the Security and Fire Buy or Sell Forum on Facebook. They are for sale now: http://bit.ly/2AkwgWt

  • Silent Knight 5860/RA-1000. Works. Make offer, Bacliff, TX
  • Silent Knight RPS-1000. Works. Make offer. Bacliff, TX
  • Silent Knight IFP-300/ECS panel works, make an offer. Bacliff, TX
  • Silent Knight IFP-300/ECS panel. Works. Make offer. Bacliff, TX
  • Apc smt1500rm2u uninterruptible power supply, Prospect, CT
  • Apc smt1500rm2u uninterruptible power supply, Prospecet, CT
  • System Sensor equip: smoke detectors, fire pulls and more, Coatesville, PA
  • Electric Door Release Mechanisms, 6 total, #491’s, Coatesville, PA
  • USB/vga extender, 3 available, Coatesville, PA
Human Investigation Management – ISIO
Human Investigation Management – ISIO. Find out more by clicking!
Call TpromoCom for Digital Navigation (image)
We do Social Media, Content, Web Design & Hosting, and more. Call us at 330-956-9003.
Please follow and like us:

Microchip Joins Responsible Business Alliance (RBA) – the Global Industry Coalition Dedicated to Corporate Social Responsibility

Microchip logo (image)Microchip Joins Responsible Business Alliance (RBA) – the Global Industry Coalition Dedicated to Corporate Social Responsibility | #TpromoCom #Microchip #Security #Financial #Health | Microchip Technology Inc. has joined the Responsible Business Alliance (RBA), a nonprofit coalition of companies.

CHANDLER, Ariz., Jan. 16, 2020 (GLOBE NEWSWIRE) — Microchip Technology Inc. (Nasdaq: MCHP) today announced it has joined the Responsible Business Alliance (RBA), a nonprofit coalition of companies dedicated to the improvement of social, environmental and ethical conditions in their global supply chains.

The RBA Code of Conduct is a set of social, environmental and ethical industry standards. The standards set out in the Code of Conduct reference international norms and standards including but not limited to the Universal Declaration of Human Rights, ILO International Labor Standards, OECD Guidelines for Multinational Enterprises plus ISO and SA standards.

Call TpromoCom for web design and content (image)“With the principles of corporate social responsibility as a fundamental part of Microchip’s DNA, we remain committed in every aspect of our business and operations to advancing human rights, ethics and health and safety worldwide,” said Ganesh Moorthy, president and chief operating officer. “Along with RBA member companies, we align under a set of common values that send a clear message of commitment to the global supply base and to our customers.”

Founded in 2004, the RBA and its initiatives have nearly 400 company members committed to improving conditions in global supply chains; including safe working conditions and ethical labor practices.

Microchip’s values and operating principles including its Code of Business Conduct and Ethics, certifications, sustainability reporting and other standards are reflected in the company’s practices and actions of employees worldwide. Microchip is committed to aligning with organizations and companies worldwide to advocate for principals regarding workforce and labor standards, human rights, sustainability and anti-corruption.

About Microchip Technology
Microchip Technology Inc. is a leading provider of smart, connected and secure embedded control solutions. Its easy-to-use development tools and comprehensive product portfolio enable customers to create optimal designs which reduce risk while lowering total system cost and time to market. The company’s solutions serve more than 120,000 customers across the industrial, automotive, consumer, aerospace and defense, communications and computing markets. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support along with dependable delivery and quality. For more information, visit the Microchip website at www.microchip.com.


Human Investigation Management – ISIO
Human Investigation Management – ISIO. Find out more by clicking!
Please follow and like us:

36% of those intending to purchase a security system prefer self-installation

PRESS RELEASE
December 17, 2019

Parks Associates (logo)

36% of those intending to purchase a security system prefer self-installation | #TpromoCom #ParksAssociates #DIY | New research addresses the preference for self-installable solutions in home security market.

Parks Associates research finds preference for self-installed systems is growing among US broadband households planning to buy a security system, rising from 18% in 2007 to 29% in 2012 to 36% in 2019. DIY Disruption: Smart Products and Home Security reports that the percentage is even higher among people who actually follow through on their intentions, as 51% of security system owners who acquired their security system in the past 12 months self-installed their system. Though these figures point to a rising trend in DIY preferences, intentions do not translate to sales as intentions may not be fulfilled for a plethora of reasons.

DIY Disruption: Smart Products and Home Security explores the home security market, including current state of adoption and preference for self-installable solutions, consumer interest in smart home products that address security needs, and the impact of these solutions on the traditional security industry.

“As people move from intenders to owners of security systems, they find the cost savings of DIY systems highly attractive-48% of those who self-installed their system did so to save money,” said Dina Abdelrazik, Senior Analyst, Parks Associates. “Among earlier DIY systems, the challenges in installation and setup counterbalanced the cost savings, but current self-install security solutions are designed from the ground up to be installed by the consumer, removing that inhibitor.”

Similar to consumers who have already purchased a system, intenders value cost savings with self-installation. Almost 50% of intenders report that they would like to avoid the hassle of professional installers. Scheduling an installation appointment, waiting for installers, and the privacy lost from installers coming into the home are all barriers to professional installation.

“DIY security systems are fulfilling on the appeal that these systems are easy to install,” Abdelrazik said. “From the security system industry perspective, smart products and DIY systems are woefully inadequate substitutes for a traditional full-blown security system, but for consumers, smart products and DIY systems can make them feel safe and provide similar peace-of-mind value propositions while delivering cost savings.”

Additional research:

At the end of 4Q 2018, 28% of US broadband households report the presence of an active security system, with 24% having professional monitoring.

51% of security system owners that acquired their security system less than a year ago self-installed their system compared to 10% of security system owners that acquired their system more than 6 years ago.

For more information about DIY Disruption: Smart Products and Home Security, contact sales@parksassociates.com. To schedule an interview with an analyst or to request specific research data, please contact Sherrelle Lewis at sherrelle.lewis@parksassociates.com, 972-996-0214.

Human Investigation Management – ISIO
Human Investigation Management – ISIO. Find out more by clicking!
Please follow and like us: