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US consumers show appetite for IP-based home monitoring services

August 07, 2011

Broadband providers in the US have an opportunity to play a "significant" role in the country's burgeoning market for IP-based home monitoring services, which is expected to generate US$4.4bn in revenues by 2016, according to a new report from Parks Associates.

"With the popularity of smartphones, tablets, and other Web-enabled devices, consumers are carrying a link to their home systems," said Bill Ablondi, director of home systems research at Parks Associates. "Widespread availability of broadband is also disrupting the traditional business model of security companies and introducing new competition from service providers, who are leveraging their networks to create new services and expand ARPU. These Internet-connected security systems, which provide additional capabilities and benefits, are expanding the residential security market by bringing new customers into what was a relatively stagnant consumer base."

From the article, "US consumers show appetite for IP-based home monitoring services"

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