More than 50% of new security system owners self-installed their system

Connections Summit, Parks Associates (logo)

More than 50% of new security system owners self-installed their system

CONNECTIONS™ Summit at CES® examines impact of DIY and smart home on the security industry with executives from Arlo Technologies, Google, Ring, and SimpliSafe

November 7, 2019

New research from Parks Associates reports that 51% of security system owners who acquired their security system in the past 12 months self-installed their system. This is up from only 10% of security system owners who acquired their system six or more years ago, and 88% of self-installers report the setup was easy or very easy for their system.

The international research firm will explore the impact of DIY and smart home solutions on the security market, including strategies to leverage innovations to expand adoption, at the fifteenth annual CONNECTIONS™ Summit: Smart Home Business Models and Strategies on January 7 at CES® 2020 in Las Vegas.

CONNECTIONS™ Summit features multiple sessions examining mass-market business strategies, partnership opportunities, next-gen home services, energy management solutions, and smart home platforms, concluding with a networking reception. CONNECTIONS™ Summit sponsors include Alarm.com, ARM, Cirrent, Inspire, Sprosty Network, Trusource Networks, and MMB Networks.

“New DIY security solutions entering the market are designed from the ground up to be self-installed by the consumer, so they are designed to deliver a smooth, painless experience on installation and setup,” said Dina Abdelrazik, Senior Analyst, Parks Associates. “These solutions seek to appeal to households unmoved by traditional self-installed security systems. Value propositions such as security and peace-of-mind have always appealed to a broad base of consumers, so as DIY products evolve to deliver an easy off-the-shelf experience, security adoption will start to crack the 70% of households that do not have and do not plan to acquire a security system.”

The session “Disruption in Home Security: Smart Home Convergence” features the following speakers:

  • Naveen Chhangani, VP, Product and Services, Arlo Technologies
  • Vera Tzoneva, Head of Assistant Distribution Partnerships, Google
  • Andrew Vloyantes, GM of Installed Solutions, Ring
  • Matt Wolf, Head of Partnerships, SimpliSafe

“Over the past decade of keeping people’s homes and businesses safe, we’ve seen that more and more customers want solutions that fit their lives without compromising on security and privacy protections,” said Matt Wolf, Head of Partnerships, SimpliSafe.

CONNECTIONS™ Summit at CES is a one-day executive summit that focuses on the best business models and value propositions in the Internet of Things (IoT), the smart home, and connected and mobile CE and services. The event includes eight executive sessions and a networking reception on January 7, the opening day of CES.

For more information on Parks Associates research or events, visit www.parksassociates.com, or contact sales@parksassociates.com, 972-490-1113. To schedule an interview with an analyst or to request specific research data, please contact Sherrelle Lewis at Sherrelle.lewis@parksassociates.com.

About CONNECTIONS™ Summit at CES

CONNECTIONS™ Summit at CES is an annual research and industry event hosted by international research firm Parks Associates at CES in Las Vegas. The executive event features one day of panel discussions on the smart home, Internet of Things (IoT), energy services, connected health, and connected entertainment, with trends and implications for connected consumers and opportunities for companies to build new revenues and develop innovative business models. The 14th annual CONNECTIONS™ Summit will take place January 7 during CES, which runs January 7-10 in Las Vegas. Follow the event on Twitter at @CONN_Summit. http//www.connectionssummit.com

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Parks Associates’ 24th annual CONNECTIONS™ focuses on channel distribution, privacy and security, interoperability, and integration across consumer tech ecosystems

 

CONNECTIONS

Parks Associates’ 24th annual CONNECTIONS™ focuses on channel distribution, privacy and security, interoperability, and integration across consumer tech ecosystems

17% of US broadband households purchased at least one smart home device in the past 12 months

October 31, 2019

Parks Associates today announced the topics for the 24th annual CONNECTIONS™: The Premier Connected Home Conference, to be held May 19-21, 2020, at the Hyatt Regency San Francisco. The international research firm will focus on emerging business models and developments for consumer technology, including the impact of technologies like AI, machine learning, and 5G on consumer products and services; the integration of new products and services from different ecosystems in the home; and the expansion of channels distributing smart home, security, energy management, healthcare, connected CE, and home services.

Early sponsors for CONNECTIONS™ include Alarm.com, Rapid Response Monitoring, ServiceLive, Cirrent, MMB Networks, Trusource Labs, Inspire, Aprilaire, and Sprosty Network.

Parks Associates research finds 17% of US broadband households purchased at least one smart home device (not including smart speakers/smart display) in the past 12 months. By comparison, 31% report high intentions to purchase a smart home device in the next 12 months, a level which has stayed consistent over the past six months.

“We have seen smart home growth flatten the past year or so and look forward to hearing from industry leaders on the next stages of consumer engagement strategies,” said Elizabeth Parks, President, Parks Associates. “Consumers who own smart home products continue to buy more, but growth appears to have stalled out, and while intentions are high, purchases are lagging. We look forward to hearing from industry leaders on the next stage of growth for consumer products and services at CONNECTIONS™.”  

2020 Event Topics:

Consumer Engagement Strategies

    • Extending Peace of Mind: Security Adjacencies

    • The User Experience: Integration and Controls

    • DIY: Impact on Smart Home and Security

    • Clean Energy Trends: Electric Vehicles, Batteries, and Solar

    • Support: Onboarding and Ongoing Services

    • Growing Up Smart Home: Engaging Different Generations

    • New Channel Strategies to Capture Consumer Engagement

Channel Expansion

    • Independent Living: Serving Seniors, Aging Boomers, and Chronically Ill

    • Monitoring: Expanding Beyond Security

    • Health and Wellness: Wearables and Market Growth

    • Point Solutions vs Whole-Home Systems

    • Energy Management: Driving the Smart Home

    • Smart Home Solutions: Channel Expansion

      Partnerships and Business Models

 

  • Business Models: Service-Driven Consumer Market

  • Service Providers: Value-added Services

  • Personalization and the Connected Home: Partnership Strategies

  • The User Experience: Integration, Interoperability, and Controls

    Technology and Innovations

  • AI and the Smart Home: Proactive and Predictive Intelligence

  • 5G, AI, and the Connected Home: Looking Forward

  • Home Network and Wi-Fi: Connectivity Driving the Experience

  • Converging Ecosystems: Entertainment and Smart Home

  • Privacy and Security: Protecting the Consumer

  • Connected Car: Extending the Smart Home

  • Investing in the Future: Tech Driving Innovation

 

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

Parks Associates is accepting speaker submissions for 2020 at http://www.parksassociates.com/cus-speak.  For more information, visit www.connectionsus.com. To schedule an interview with an analyst, contact Sherrelle Lewis at sherrelle.lewis@parksassociates.com, 972-996-0214.

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.

 

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23% of US broadband households reporting intentions to purchase a smart thermostat in 2019

23% of US broadband households reporting intentions to purchase a smart thermostat in 2019 | #TpromoCom #IoT #HomeAutomation #Home | Smart Energy Summit addresses growth in energy management, crossover with smart home solutions, and impact on grid.

Smart Energy Summit Press Release  |  View Online  |  Share Press Release

 

Media Contacts
Sherrelle Lewis
Marketing Associate
Sherrelle.Lewis@parksassociates.com

972-996-0214
Mindi Sue Sternblitz-Rubenstein
Senior Director of Marketing
mindi.sue@parksassociates.com
972.996.0212

23% of US broadband households reporting intentions to purchase a smart thermostat in 2019

Smart Energy Summit addresses growth in energy management, crossover with smart home solutions, and impact on grid

October 22, 2019

Parks Associates research shows 23% of US broadband households are likely to buy a smart thermostat in 2019, which shows purchase intentions remain strong although many households still consider this product too expensive. The firm will host the eleventh annual Smart Energy Summit: Engaging the Consumer, February 17-19, 2020, at the Omni Austin Downtown in Austin, Texas, to examine opportunities for energy providers to convert intentions to actual purchases, the role of DIY, and innovations that could drive broader consumer adoption of energy management.

At Smart Energy Summit, more than 300 industry leaders from utilities, service providers, manufacturers, and technology companies will participate in panel discussions about the impact of direct consumer participation in energy markets and strategies to increase consumer engagement. Early event sponsors are FLO, Rapid Response Monitoring, Trusource Labs, Alarm.com, Austin Energy, Inspire, and Sprosty Network.

“The enthusiasm for this product comes despite most households believing that smart thermostats are not affordable, so the industry has a challenge in driving actual adoption past 11-13% of US broadband households,” said Elizabeth Parks, President, Parks Associates. “Utilities and other energy players are experimenting with subsidized offers and product-as-a-service options to expand adoption. At Smart Energy Summit, we will analyze different strategies, highlight factors for success, and discuss the features that can drive greater consumer engagement.”

Parks Associates research finds consumers bought roughly 5.8 million smart thermostats in 2018, generating $843 million in revenues. For future purchases, voice control and compatibility with smart speakers are important selling factors. Among households planning to buy a smart thermostat that also own a smart speaker, more than 70% consider it important that the smart thermostat they buy is compatible with their smart speaker.

Smart Energy Summit will feature the following topics:

Technology Driving New Opportunities

  • 5G Implementation: Impact on Utilities and Consumers
  • DERMS: Moving Beyond Legacy Programs
  • Energy Data and the Smart Home: Enhancing the Customer Relationship
  • Data Analytics for Grid Planning and Load Forecasting
  • Clean Energy: Energy Transformation Trends

Shifting Models: Defining the Utility of the Future

  • Engagement: Smart Home, Demand Response, and Behavior
  • Energy Management in the Home: Driving Behavior Changes
  • Solar, EVs, and Storage: Addressing Barriers to Adoption
  • Utility Marketplaces: Building Customer Relationships
  • Consumers and Distributed Energy Resources (DERS): Impact on the Grid
  • Community Solar: Smart Energy and Sustainable Home Development
  • Home Services Revenue Opportunities
  • Effective Approaches to Demand Response: Next Stage of Engagement
  • Energy Management Platforms: Adding Value

Parks Associates is currently accepting submissions to speak at www.ses2020.com. To schedule an interview or to request data, contact Sherrelle Lewis sherrelle.lewis@parksassociates.com, 972.996.0214.

About Smart Energy Summit

Smart Energy Summit: Engaging the Consumer examines the changing role of utilities and energy providers in the IoT era and offers research and insights on new opportunities to empower consumers with smart solutions to manage and save energy in the home. The conference identifies new business models and technologies that provide opportunities to change the customer relationship and drive engagement and participation in utility-sponsored programs.

Smart Energy Summit will take place February 17-19, 2020, at the Omni Austin Hotel Downtown in Austin, Texas. The summit agenda features leaders from utilities, state and national regulators, telecom and security companies, retailers, and OEMs. Follow the event on Twitter at @SmartEnergySmt and #SmartEnergy20. For information on speaking, sponsoring, or attending Smart Energy Summit, visit www.ses2020.com.

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Commentary: Recent Disclosure of an Alleged Flaw in Burglar Alarm Panels

On the 12th of this month, Security eNews–your news blog–carried the following news item related to single-use and combination burglar / fire alarm panels, alleged to be non compliant with regard to UL 985 and NFPA 72:

SDM Magazine (image)Major Alarm Panel Recall Could Be Looming | There appears to be a major issue of non-compliance with both the NFPA and UL codes by possibly every alarm panel manufacturer in the industry — despite being UL certified (click here).

I’d like to make a personal observation on this matter.

Allan B. Colombo, Tech Writer
Allan B. Colombo,  a security/fire Trade Journalist/Writer

First, was public disclosure with the Consumer Product Safety Commission (CSPC) really necessary? In a world where the popular news media grandstands on any and every opportunity to demonize the security industry, was this really necessary?

Second, as technicians, many of us have suspected that there might be potential issues with the electronic burglar alarm panels we use… but we didn’t publicly disclose the matter because it would tell every burglar known to man that there could be an inherent issue. Oh, and we commonly run our alarm wires inside the walls, inside the structure, and not outside so burglars cannot easily short them.

Combo Burg/Fire Panel (image)
Typical combo burg/fire alarm panel (not named in complaint with CSPC).

Third, couldn’t this be handled in some other manner, other than involving all the above as well as the entire world?

In conclusion, the resolution to this issue is now beyond comprehension or the financial ability of  anyone to address via normal channels.

Not only will this effectively cause most burglar alarm panel manufacturers to expend an unimaginable amount of money and effort to fix, if found to be an issue, but it could put some of them out of business. It may also mean that every alarm company out there might have to return to their good customer’s place of business or residence to replace the alarm panels that they previously installed–and most likely at their own expense.

Did I forget to mention the lawsuits that could result because of all this? Of course, some of the older panels out there were installed before UL and NFPA compliance was codified. That will, of course, help limit or contain the problem to some degree.

Alarm dealers, the immediate resolution to this problem is to stop running all your wires surface on the outside of buildings and homes.  Well, at least make sure you don’t (sorry for the bit of sarcasm here).

And finally, I sincerely hope I’m making a mountain out of a mole hill here, but time will tell. One thing is for sure, this will be an interesting ride.  –Al Colombo

About Al Colombo
Allan B. Colombo (image)Allan B. Colombo is a long-time trade journalist and copywriter in the security and life-safety markets. Over the past 35 years his byline has appeared in nearly every security and locksmith trade magazine on the planet. He’s now a Senior Design Specialist with TpromoCom, a social media, content, and web design company based in Canton, Ohio.

Editor’s Note: Feel free to leave me a comment below. Thank you.

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FBI Warns of Dangers in ‘Safe’ Websites

Dark Reading cybersecurity news website

FBI Warns of Dangers in ‘Safe’ Websites | #TpromoCom #FBI #CyberSecurity #Cyber | Criminals are using TLS certificates to convince users that fraudulent sites are worthy of their trust.

One of the most common mechanisms used to secure web browser sessions — and to assure consumers that their transactions are secure — is also being used by criminals looking to gain victims’ trust in phishing campaigns. The FBI has issued a public service announcement defining the problem and urging individuals to go beyond simply trusting any “https” URL.

Browser publishers and website owners have waged successful campaigns to convince consumers to look for lock icons and the “https:” prefix as indicators that a website is encrypted and, therefore, secure. The problem, according to the FBI and security experts, is that many individuals incorrectly assume that an encrypted site is secure from every sort of security issue.

To read the remainder of this news article, click here.

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Sales of connected consumer devices to exceed 520 million units by 2022

Sales of connected consumer devices to exceed 520 million units by 2022 | #TpromoCom #IoT #HomeAutomation #SmartHome | New whitepaper sponsored by Calix details opportunities for service providers to build revenues and brand value in the smart home ecosystem.

PRESS RELEASE
May 21, 2019

New whitepaper sponsored by Calix details opportunities for service providers to build revenues and brand value in the smart home ecosystem

Parks Associates today released the new whitepaper Open for Business: Future Flexibility for Smart Home Services, which forecasts sales of connected consumer devices will exceed 520 million units by 2022, including networked cameras, security systems, and connected health devices. The whitepaper, sponsored by Calix, presents the opportunities emerging from this wealth of residential devices and details strategies for service providers to operate in the smart home market in ways that leverage their strengths while avoiding the pitfalls of past efforts.

“A future-flexible platform is a critical component for success in the IoT because smart strategies represent a long-term investment,” said Brad Russell, Research Director, Connected Home, Parks Associates. “While service providers are in an excellent position to deploy, maintain, and service the smart home, they generally do not want to develop and maintain their own proprietary solution to do so. But the market has matured where vendors are offering new turnkey solutions, and the right long-term partnership enables providers to serve the varied present and future use cases.”

“Service providers need to re-position themselves for growth and gain a foothold in the smart home. The innovators are starting with tools that provide visibility into the home and supporting systems so they can deliver best-in-class whole-home Wi-Fi coverage,” said Michael Weening, EVP of field operations for Calix. “Once the foundational brands and systems are in place-such as those rapidly coming to market from tech giants-it will become increasingly difficult for new entrants to gain any traction. The opportunity is now.”

The whitepaper details consumer interest and willingness to pay for connected home services. Additional research from Open for Business: Future Flexibility for Smart Home Services:

• More than half of professionally monitored subscribers have at least basic interactivity with their security system.

• At the end of 2018, 24% of US broadband households subscribed to professional monitoring.

• 10% of US broadband households own at least one networked camera.

• The majority of consumers 50+ years old are willing to pay $30 per month for an independent living system that has their must-have features, such as fire detection, panic buttons, automatic alerts sent to loved ones, and home security devices to deter intruders.

To download this whitepaper, visit https://parksassociates.com/whitepapers/openforbusiness-wp2019. To schedule an interview with an analyst, contact Sherrelle Lewis at sherrelle.lewis@parksassociates.com, 972-996-0214

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.

http://www.parksassociates.com
http://www.connectionsconference.com
http://www.connectionseurope.com
http://www.connectionsindustryinsights.com

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Home Technology Company SnapAV to Merge With Control4

#Home #Technology Company SnapAV to Merge With Control4 | #TpromoCom #HomeAutomation | SnapAV will acquire Control4 in an all-cash transaction for $23.91 per share in cash, representing an aggregate value of approximately $680 million.

SnapAV, a leading manufacturer and primary source of A/V, surveillance, networking and remote management products for integrators, and Control4 Corp. (NASDAQ: CTRL), a leading global provider of smart home solutions, today announced that they have entered into a definitive merger agreement whereby SnapAV will acquire Control4 in an all-cash transaction for $23.91 per share in cash, representing an aggregate value of approximately $680 million.

This highly complementary combination will leverage the increased resources of the two companies to provide integrators with a true one -stop shop, offering a complete product portfolio of custom smart-home, control and automation solutions, according to the joint announcement from the Charlotte, N.C., and Salt Lake City-based companies.

To read the remainder of this news story, click here.

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Parks Associates welcomes Sarah Jones, VP of Commercial Product, Great Call, to Connected Health Summit

Parks Associates welcomes Sarah Jones, VP of Commercial Product, Great Call, to Connected Health Summit | #TpromoCom #Event #Home #Monitor | Jones will deliver the keynote address at the sixth-annual Connected Health Summit: Independent Living and Wellness.

64% of consumer 50 and older are interested in home monitoring system that can sense emergencies and notify caretakers

Parks Associates today announced Sarah Jones, VP of Commercial Product, Great Call, as the first confirmed keynote speaker for the sixth-annual Connected Health Summit: Independent Living and Wellness, August 27-29 at the Pendry San Diego in San Diego, California. The firm’s independent living research finds 64% of heads of US broadband households 50 and older are interested in a home system that can sense emergencies and send out notifications.

Connected Health Summit will explore new strategies and innovations that will expand and improve independent living solutions for consumers and caretakers, including innovative monitoring and smart home solutions, and examine consumer adoption and usage of connected health technologies and key adjacencies between smart home, healthcare, and independent living ecosystems. Early Sponsors include HP, MDLIVE, Alarm.com, Freeus, Rapid Response Monitoring, and GiftCard Partners.

“The push to engage consumers outside of the facility, combined with advances in consumer technology, have created several distinct markets for connected health products and services,” said Elizabeth Parks, President, Parks Associates. “We expect to see the lines between these markets blur as care providers experiment with consumer devices as part of their remote patient monitoring programs and as consumer solutions integrate virtual care services into their offerings. Technology companies are now realizing the incredible opportunity to serve the growing market of seniors with devices and services that fit their unique needs and desires.”

Parks Associates research shows more than one-third of people in US broadband households are current caregivers or will be in the near future, and they rank emergency alerts as the most valuable home living feature.

“Many smart home solutions are well positioned to deliver on these key independent living use cases while also providing a valuable user experience to caretakers,” Parks said. “Great Call, recently acquired by Best Buy, is a leader in delivering independent living solutions, and we look forward to sharing insight with attendees on key adjacencies between the smart home and connected health.”

Topics:

  • Employee Wellness Programs and Consumer Engagement
  • AI in Health: Creating Personalized Insights
  • Choice in Care: Telehealth, Kiosks, and Retail Clinics
  • The Impact of MACRA and Telehealth Reimbursement for Connected Health
  • Enabling Independence: Addressing Seniors’ Health and Social Needs
  • Expanding Reach: Making Remote Patient Monitoring Work
  • The Role of Technology: Serving Social and Medical Needs
  • Innovation and Partnerships
  • IoT Integration: Effective Connected Health Partnerships
  • Senior Tech Channels: Home Service Providers, Builders, and In-home Care Agencies
  • Wearables: Crossing the Line from Consumer to Health Tech
  • Consumer Technology in Healthcare: Preparing for the Tech Giants
  • Innovation at Transformative Life Stages

Connected Health Summit provides industry players with in-depth analysis on the growth of the connected health device and solutions markets, with insights and implications for consumers, health providers, and payors. The event is focused on the emerging opportunities-and specifically on new consumer engagement strategies-for multiple industries.

Parks Associates is accepting submissions to speak at Connected Health Summit at www.parksassociates.com/chs-speak.

Registration is open, and media are invited to attend. To schedule an interview with an analyst or to request specific data,contact Sherrelle Lewis, sherrelle.lewis@parksassociates.com, 972-996-0214.

About Connected Health Summit
Parks Associates’ sixth-annual Connected Health Summit: Independent Living and Wellness is an executive conference focused on the impact of connected devices and IoT healthcare solutions on consumers at home.

Connected Health Summit provides insights on new business models, IoT technologies, consumer behaviors, and deployments relevant to consumer healthcare solutions. The conference addresses opportunities for new solutions, including smart home platforms, on-demand services, voice assistants, and wearables, to empower consumers, caregivers, and providers with new insight into patient health and to meet the growing demand for services in independent living, chronic care management, remote access to care, and wellness and fitness.

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