Smart Home Solutions Helped Drive Home Security Growth
A new Parks Associates report finds smart home offerings have helped revitalize the residential security industry, as the number of households with monitored security rose more than 15 percent in the past two calendar years. The New Face of Home Security — 2015 Edition reports approximately 21 million U.S. homes have professionally monitored security, with another 1.5 million with monitoring in a second home.
Parks Associates research finds that 35 percent of U.S. broadband households with security own at least one smart home device, compared with less than 10 percent of households without a security system. At the same time, the majority of security households rely on professional installation channels for the setup and maintenance of their system — only 14 percent of current security systems were self-installed.
Source: Parks Associates