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Utah-based startup offering DIY home security, entered the marketplace recently with the goal of revolutionizing the security industry with do-it-yourself installation, home monitoring for as little as $15 a month and no contracts.
According to Parks Associates’ consumer study “360 View: Residential Security,” remote monitoring and no long-term commitment are key factors to attract new security customers.
A research report published by Persistence Market Research states that the global market is likely to account for a market valuation of more than $29.8 billion through 2025 end.
When asked which technologies Americans believe are most susceptible to hacking, respondents named Web apps and IoT devices among the most susceptible.
J.D. Power conducted a study which found that overall customer satisfaction among home security system customers scored higher than the average satisfaction among other at-home services.
Honeywell, which has offered thermostats, security cameras and a professionally monitored security system, has sent out an email to its existing customers teasing an upcoming DIY home security system, according to a CNET article.
