Tag: smart home
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...
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...
Resideo announces availability of ProSeries platform
October 5, 2020SSN Staff
AUSTIN, Texas—Resideo Technologies, Inc. announced the availability of its Honeywell Home ProSeries Security and Smart Home Platform.
“The initial preview of the ProSeries Platform with our professional security dealer network generated significant excitement as they told us it is exactly what has been missing in the industry,” Alice DeBiasio, vice president and general manager, Global Security, Resideo, said in the announcement. “As families spend more time at home, it...
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,...
Zigbee's Project CHIP standard becoming a reality
September 8, 2020SSN Staff
DAVIS, Calif.—Zigbee Alliance’s Project Connected Home over IP Working Group recently updated the industry on its progress, outlining the Project’s growth and introducing the newly detailed architectural stack diagram for the open standard. Here’s a summary of the details as well as a link to the working group’s full blog post:
December 2019 – the date the group set out to create a unifying standard for the smart home industry.
September...
Reliant teams up with SimpliSafe to deliver home security to Texas customers
August 4, 2020SSN Staff
HOUSTON—As part of Reliant’s focus on providing cutting-edge smart home and security innovations to customers across Texas, the company established a new relationship with SimpliSafe to provide renters and homeowners in urban and rural markets with special offers and discounts, enabling them to better protect their most valuable assets: their home and loved ones.
“Providing our customers with the best in home energy tech solutions and ensuring their comfort and safety is something we...
ADT and Google partner with plans to dominate smart home
August 4, 2020Paul Ragusa, Editor
BOCA RATON, Fla.—ADT and Google announced a long-term partnership with the goal of creating an end-to-end smart home solution that combines Google’s technology platform with ADT’s installation, service and professional monitoring network.Google will make a $450 million investment in ADT, which equates to 6.6 percent of ADT’s outstanding aggregate common equity, in exchange for shares of a newly created Class B common stock having all of the rights and preferences of ADT's common stock...
GHS Interactive Security rebrands as Vio Security
July 14, 2020SSN Staff
DALLAS—Community-based security alarm monitoring company, GHS Interactive Security, LLC announced Arena Investors LP, a U.S. institutional private invest firm, has recapitalized the company and acquired a majority stake. With this partnership comes a new brand identity, Vio Security, as well as a recalibrated focus on being the leading smart home and security service provider.
“Arena is taking a hands-on approach as a committed equity partner, investing a significant amount of time and capital...
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...
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...