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Tag: Parks Associates


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General News

Nearly one-third of SMBs at risk of closing

December 28, 2020SSN Staff

DALLAS—Recent research from Parks Associates’ New SMB Landscape: Devices, Communication, Security, Support reveals nearly 29 percent of SMBs report their company is at risk of going out of business due to COVID-19. The public health crisis and months of shelter-in-place orders have had a dramatic impact on SMBs in particular. New SMB Landscape: Devices, Communication, Security, Support, a primary study of US SMBs, provides insights on technology adoption and needs among SMB owners...

COVID-19, Parks Associates, SMB


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Most homes have interactive security system

Residential

Most homes have interactive security system

November 30, 2020SSN Staff

DALLAS—International research firm Parks Associates finds 67 percent of security system owners, which equates to 20 percent of all U.S. broadband households, have an interactive system that allows remote connection and control capabilities. “Interactive features are now standard on both professionally installed and DIY systems as consumers embrace IoT-based features for all devices in the home,” Parks Associates President Elizabeth Parks said in the announcement. “Our research...

Parks Associates, smart home


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Monitoring

Nearly half of monitored homes want upgrades

November 23, 2020SSN Staff

DALLAS—Security research from Parks Associates finds COVID-19 is a key factor driving households with security monitoring to upgrade their system — 41 percent of monitored households with professional monitoring plan to upgrade their system in the next six months and an equal share plan to self-install an add-on device, with the majority citing the pandemic as a related factor. The most popular add-on devices among these monitoring households are video cameras, smart lighting and video...

monitoring, Parks Associates, smart home


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U.S. broadband house holds feel safe enough

Monitoring

U.S. households feel 'safe enough' with smart home security devices

October 1, 2020SSN Staff

DALLAS—New research from Parks Associates finds 60 percent of U.S. broadband households feel “safe enough” with only a professionally monitored home security system while 55 percent report feeling safe enough with only a self-monitored home security system. “While most consumers feel ‘safe enough’ only with a home security system, security-focused smart home devices delivers this same baseline feeling of security for a majority of households,” Brad Russell,...

broadband, Parks Associates, residential market, residential monitoring, smart home


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General News

Parks Associates announces CONNECTIONS Community

June 11, 2020SSN Staff

DALLAS—International research firm, Parks Associates, announced the launch of an online conference and networking experience, November 10-12, focused on the connected home and IoT industries. The research firm will host six webinars on key topics, sharing latest consumer data and insights, culminating in a three-day, virtual conference that will bring industry leaders together to network and discuss the growing smart home market. The firm’s latest research predicts by 2024, total annual revenue...

AI, Alarm Monitoring Services, alarm.com, CONNECTIONS, Coronavirus, COVID, COVID-19, DIY, DIY security systems, Elizabeth Parks


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Monitoring

The value of pro monitoring still strong despite recent challenges

June 3, 2020Paul Ragusa, Editor

DALLAS—Parks Associates' Research Director Brad Russell shared some additional research with Security Systems News from Parks' “IoT: Extending Professional Monitoring for New Revenue” study that shows the value of professional monitoring is still strong despite recent challenges.The research addresses how innovative companies are driving new revenue by extending professional monitoring services and offerings within the connected home.Diving deeper into the numbers, monitoring revenue will...

Brad Russell, monitoring, monitoring revenue, Parks Associates, RMR


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Monitoring

Total professional monitoring revenue to exceed $15B in 2020

May 13, 2020SSN Staff

DALLAS—Research firm Parks Associates forecasts professional monitoring revenue for the U.S. residential security sector will total $15.74 billion in 2020, with smart home services accounting for $1.2 billion.Parks’ “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...

Brad Russell, monitoring, Parks Associates, residential monitoring, smart home


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Residential

Residential security adoption rises to 33 percent

April 17, 2020SSN Staff

DALLAS—Consumer Insights 2020 research from Parks Associates finds security system adoption, after holding steady at 25-28 percent for over five years, jumped up to 33 percent of U.S. broadband households at the end of 2019.This growth comes as consumers have more options, including DIY and ad hoc monitoring through smart home devices. Parks Associates research emphasizes that 2020 will bring new challenges to the security industry as the COVID-19 pandemic is rapidly impacting the economy and...

Coronavirus, COVID-19, Dina Abdelrazik, Parks Associates, Residential Security


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On The Editor's Desk

DIY will continue its rapid rise during crisis

April 1, 2020Paul Ragusa, Editor

With most of us “sheltering at home,” and relying more and more on our devices to stay connected for work and family and friends, bandwidth limits in households across the U.S., and the globe, are being tested, to say the least. I know in my household, we probably have twice as many devices connected now, all day and night long. It can be draining both technologically speaking and emotionally as well, as I know many of us (especially those with spouses working from home and children learning...

COVID-19, DIY, Parks Associates


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Also Noted

29 percent of US broadband homes own a smart home device

January 3, 2020SSN Staff

DALLAS—Approximately 29 percent of U.S. broadband households now own a smart home device, a 20 percent growth rate from one year ago, according to new research from Parks Associates based on its 4Q 2019 survey of 10,000 broadband households. "Similar to CE devices, loss of wireless connectivity is the leading problem facing owners of smart home devices, followed by unresponsive devices," Parks Associates President Elizabeth Parks said in the announcement. "As market players look to expand beyond...

Elizabeth Parks, Parks Associates, smart home


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