Companies ranked on the SDM 100 Report describe putting security-as-a-service into action. A financial expert describes why there has been a sustained wave of investment in the alarm industry.
My column last year in this issue described how SDM 100 companies were rolling out security-as-a-service to meet customers’ needs and develop a broader base of recurring monthly revenue (RMR). Security-as-a-service — which often is cloud-based — “not only provides customers with a consistent pay structure for ongoing services, as well as convenience and scalability, but it also enables security companies to develop a subscription-based business model not unlike alarm monitoring,” I stated at that time.