Market Research Report
Residential Security: State of the Market
|Residential Security: State of the Market|
Published: September 9, 2021
Content info: 46 Pages
Delivery time: 1-2 business days
Security services continue to serve the leading use case for smart home products and services while major players seek to stave off non-traditional competitors and expand beyond the traditional monitored security customer. This annual flagship report covers all significant residential security metrics, including system adoption, purchase intentions, subscriber churn, and revenue strategy and results, along with key competitive trends and new market opportunities. It includes a five-year forecast of residential security system sales, professional monitoring subscribers, and subscription revenue.
"Residential security services are being redefined. Consumer choice for installation, bundles of devices, and monitoring services is the focus for both professional and DIY solutions. Smart home products are becoming substitutes for traditional home security systems and creating an onboarding ramp to professional services," said Mark Vena , Senior Director, Smart Home and Strategy, Parks Associates.