[ad_1]
The tenth annual Security Vendor Survey examines competitive pressures, industry conditions and emerging trends in the security market.
Dallas, February 9, 2023 /PRNewswire/ — Parks Associates’ 10Th Annual Security Vendor Perspectives: Views from the Front Line It presents the results of a nationwide survey of installers/distributors who install security systems, including both owners and those employed by security firms. A survey conducted by the end of 2022 found that one-third of securities brokerage firm owners intend to sell their business, although 42% have no succession plan in place.
Parks Associates: Statement of Company Successor
The study measures dealers’ views of the security market by comparing data from multiple surveys, and analyzes competitive pressures, industry conditions and emerging trends, including smart home and interactive technologies.
“2022 was a difficult year for home sales after several years of growth, and the coming years will be challenging for the housing market,” he said. Elizabeth Parks, President and CMO, Parks Associates. “With inflation, rising home values, rising mortgage rates and general uncertainty about the health and direction of the economy, consumers are holding back on buying a home.”
A Parks Associates survey of 10,000 Internet households found that 23% of home security system owners found their system by breaking into an existing home. Moving with family heads who are starting a family is one of the top triggers for a purchase.
“The downturn in the housing market is bad news for security vendors. In response, many security vendors are focusing on renovating or increasing their sales to commercial areas, or looking to prepare the business for sale,” said Parks. “To grow, dealers need to avoid high valuations, increase fees where possible and find additional sources of revenue.”
Parks Associates will focus on the growth of the home security industry and energy management solutions at the upcoming Smart Energy Summit. February 13-15 in Austin, Texas. The executive conference will address the development of the energy management industry, including the relationship between the smart home and security industry. Smart Energy Summit sponsors are CSA – Communications Standards Alliance, Rapid Response Monitoring, Calix, Schneider Electric, Austin Energy, Questline Digital, Copper Labs, Resideo and Google.
To request data or an interview, please contact Rosey plot as if [email protected]972.996.0233.
About the partners of the parks
Parks Associates, a woman-owned and internationally recognized market research and consulting firm, provides unique technology solutions serving the consumer and small to medium business (SMB) markets. Celebrating 35 yearsTh In the year By 2021, Parks Associates is a partner to companies exploring the dynamic aspects of consumer technology through data-driven market insights, extensive consumer and industry data, customized marketing services and executive networking experiences and conferences.
The company’s expertise includes home automation, control systems and security, digital media and platforms, entertainment and gaming, home networks, Internet and video services, connected health and independent living solutions, mobile applications and services, support services, consumer electronics and energy management. Solutions.
Each year, Parks Associates hosts industry webinars, Smart Spaces: Apartments, Hospitality and Community Living, the CONNECTIONS™ Conference Series, Connected Health Summit, Smart Energy Summit: Engaging the Consumer and The Future of Video: OTT, Pay TV and Digital Media. http://www.parksassociates.com
Rosemary plot
Parks Associates
972.996.0233
[email protected]
Source Parks Associates
[ad_2]
Source link
