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

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New StarLink Cellular Solutions Full Line Brochure

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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.

 

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What’s New: Security & Fire Buy or Sell Forum on Facebook

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

    • $50 · Springboro, OH, Advantech, mobile DVR
    • NAPCO Wireless PIR pn# NAPPIR01 for sale, They are 319.5Mhz but DO NOT work with ITI panels. Quantity is 10 at $20 each
    • $50 · Gatineau, QC, two Tycon poe switches $50 each Cnd funds
    • Mikrotik 493G in case Cnd funds, $50 · Gatineau, QC, has Ubnt card in it

There are many others 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.

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
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Smoke alarm provided by Henrico Fire alerts occupants of house to fire

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Smoke alarm provided by Henrico #Fire alerts occupants of house to fire | #TpromoCom #SmokeAlarm #LifeSafety | At about 4:16 p.m. that day, the alarm notified residents at the home, in the 1700 block of Oak Hill Lane near Mechanicsville Turnpike, of the fire. Someone called 911 and said that the home was filling with smoke.

Firefighters arrived shortly thereafter and found smoke coming from the second floor of a two-story single-family home. To read the rest of this article, click here.

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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.

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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!
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Get an Education in IT for Your Service Personnel for Free

Alison online courses (image)Education is important and here’s how to get an education for FREE!

Network technology has been around for quite some time, but not all security techs have what it takes. You can enhance your employees’ knowledge of IT by sponsoring them via Alison.

All of their courses are free.

You can buy them a Certificate if they pass the course, otherwise they are sure to walk away from the experience with something more than they had when they began.

Your investment is very little for what I see as a huge return in knowledge and confidence.

If you click on the ad below, you can save 10% on a Certificate. Use the drop-down course categories button and choose IT, Electronics, or any other area of interest. Click here: http://bit.ly/32Gn8I1

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Update: Security and Fire Buy or Sell Forum on Facebook

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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
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  • 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!
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The Importance of a Technical Education in Security and Fire

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There are generally three levels of knowledge that security and fire field personnel  exhibit in the form of assumed titles:

  1. Wire Puller
  2. Installer
  3. Service Technician

Tech working on Network (image)From the time that someone enters the field knowing very little or nothing about this business, the aim of all concerned above them is to educate them in the intricacies of the post to which they were employed. For the Wire Puller, the Installer is striving to teach them which cable to pull for what device:

  • 4-conductor, 22 – 18 AWG cable for motions
  • 6-condctor, 18 AWG cable for card readers
  • 6-conductor, 18 AWG cable for zoned smoke detectors
  • Etc.

The Installers on each crew also strive to teach their more more promising Wire Pullers where and how to level and mount each device as well as how to install the main alarm control panel. And where  programming is done on site, the task eventually turns to the art of  programming all the intricate data into each location in programming.

testing a fire alarm panel (image)It’s usually the Operations Manager that makes the decision as to which Wire Puller to move from one level to the other in the hopes of one day giving that man or woman their own van and installation crew. This is necessary because the same Ops Mgr is working to move his/her installation foremen upwards into the position of a seasoned, knowledgeable Service Technician.

On a personal note, after decades of managing Wire Pullers, Installers, and Technicians, I have to say that the best Techs that I’ve  had, had some exposure to training in the electronics field. I, myself, became an Associate Electronics Engineer, trained for the manufacturing world early on. I was able to use that training to my advantage as an Installer and Service Technician right from the start as I worked in the field for 15 years before becoming a full-time trade journalist and later an Operations Manager.

working on a burglar alarm installation (image)One way to derive an education for  your technical staff without paying an arm and a leg is to use an educational portal called Alison (http://bit.ly/32Gn8I1). The wonderful thing about this opportunity is that it’s free as each student can monitor the course. If they pass it, that’s when you can invest in a Certificate of Education for that specific student.

The value to you, as a manager, as an owner, is that you can use that ultimate goal (your willingness to purchase the Certificate) as an incentive for them to study on their own time, their own dime. Those who do not pass a course will not receive a Certificate, but the  main benefit is that they walk away with some of what they studied, which can only help them on the job.

Use this handy link to enroll your first student: http://bit.ly/32Gn8I1

–Al Colombo

Human Investigation Management – ISIO
Human Investigation Management – ISIO. Find out more by clicking!
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