"home safety" articles

The future for the security industry, whether serving the consumer, small-to-medium business (SMB), or commercial market lies in add-on services and the ability to bring new systems to market with easy installation, various monitoring options, and extended value. For the consumer market, Parks Associates research of 10,000 internet households shows every add-on service tested received more than 60% of security owners having interest. Fire is a no brainer, but the strength of PERS...
 
by Parks Associates | Nov. 12, 2022
Tags: home safety, privacy, security
Join Parks Associates’ virtual session " Smart Spaces: Apartments, Hospitality, and Community Living ," on Thursday, November 17 at 2:00 PM CT for insights addressing the role of Wi-Fi and broadband in buildings, access and control systems, safety and security risk mitigation, energy management platforms, systems integration, and smart lighting. Panels and speakers include: State of PropTech: Apartments, Hospitality and Commercial Buildings...
The cost of living has increased in 2022 as inflation recently broke a 40-year high. There are few indications that consumers can expect a significant decrease in the cost of goods and services in near future. Security companies must find ways to increase revenue to compensate for the higher prices in materials, overhead and wage inflation of their employees. A good portion of the security industry is raising professional monitoring fees or including new services for consumers to...
 
AI and machine learning applications across verticals in the smart home ecosystem can draw on an array of data sources from the connected home. A device may constitute a single sensor, such as a motion sensor, though increasingly multi-sensors that bundle a collection of sensors in one device are becoming more common. AI benefits from being able to gather a variety of sensor data in order to better understand the home context. As connected devices continue to be added, data sharing among...
 
by Elizabeth Parks | Sep. 9, 2022
Tags: home safety, security, smart home
State Farm’s $1.2 billion investment in ADT for 15% stake in the company signals a turning point in the slow and somewhat tepid attention insurers have paid to the smart security space. Smart security products and systems stand to save insurers billions of dollars through proactive monitoring, detection, and deterrence for burglary, home, and fire damage. Parks Associates’ July 2022 research finds: 23% of US internet households have experienced water damage...
Security system use is particularly common in multi-dwelling properties. Parks Associates research shows that 41% of multi-dwelling unit (MDU) property managers have a security/access system for common property areas and parking garages.  From the article, "The Smart Money: Demand for Security at an All-Time High . " 
 
The momentum of insurance companies as a channel for the purchase or distribution of smart products is increasing. State Farms enormous investment in ADT is another example of ADT diversifying its strategy to capture all angles possible. This new partnership with State Farm, coupled with Google’s investment in ADT, is a huge signal that major players are recognizing the need for integration across ecosystems in the home. According to Parks Associates research, currently 4% of...
 
by Elizabeth Parks | Sep. 6, 2022
Tags: home safety, security, smart home
There is so much happening in the smart home these days. Parks Associates latest consumer research - household data nationally representative of the US market- shows the following adoption and usage: Over 12 million US internet households own a smart door lock 51% of smart home owners who have recently experienced at least one technical issue report loss of wireless connectivity Leading smart home companies took action in Q1 2022 to add more brand equity and new...
 
by Parks Associates | Sep. 2, 2022
Tags: home safety, security, smart home

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