Consumer choice regarding installation, device bundles, and monitoring services is a driving force for both professional and DIY solutions.

In recent years, the penetration of home security systems has experienced meaningful growth. Traditional residential security players continue to integrate advanced technologies, especially around AI and video analytics, to create new service offerings, address new customer segments, and integrate with Google and Amazon. These new advances and innovative products are helping redefine residential security services and expanding them into new areas. Consumer choice regarding installation, device bundles, and monitoring services is a driving force for both professional and DIY solutions.

Broadening consumer adoption of smart home products through retail, traditional home security system providers, and ISPs creates an onboarding ramp to the development of new professional services—or added revenue to existing services.

Click here to learn more or visit www.parksassociates.com.