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Residential Security: State of the Market

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    Report

  • 46 Pages
  • July 2021
  • Region: Global
  • Parks Associates
  • ID: 5561801
Security services continue to serve the leading use case for smart home products and services while major players seek to stave off non-traditional competitors and expand beyond the traditional monitored security customer. This annual flagship report covers all significant residential security metrics, including system adoption, purchase intentions, subscriber churn, and revenue strategy and results, along with key competitive trends and new market opportunities. It includes a five-year forecast of residential security system sales, professional monitoring subscribers, and subscription revenue.

Table of Contents

Bottom Line
Trends Impacting the Residential Security Market
  • Blurring of the Lines
  • Downward Pricing Pressure
  • Impact of COVID-19
  • Technology Trends
  • Privacy and Data Concerns
  • Big Partnerships

Residential Security Competitive Landscape
  • Professional Installation
  • Vivint
  • ADT
  • Comcast
  • Brinks
  • Self-Installation
  • Abode
  • Canary
  • Cove
  • Google Nest
  • Ring
  • SimpliSafe
  • Wyze

Forecast
  • Market Drivers and Barriers
  • 5-Year Forecast
  • Assumptions/Methodology
  • Topline Forecast

Implications and RecommendationsAppendixCitationAttribution
List of Figures
  • Home Security System Ownership
  • Installation Method for Security System Acquired within 12 Months
  • COVID-19 Impact on Preferences and Activities
  • Average Selling Price (ASP): Smart Security Devices
  • Primary Communication Path for Security System Alerts
  • ADT Command Smart Security Panel
  • Installation Method for Home Security Systems

Companies Mentioned

  • Vivint
  • ADT
  • Comcast
  • Brinks
  • Abode
  • Canary
  • Cove
  • Google Nest
  • Ring
  • SimpliSafe
  • Wyze