Register

I agree with the Privacy Policy

MarketWatch

Comcast Expands in Home Security Hoping for Growth

June 07, 2011

Bill Ablondi, analyst with market research firm Parks Associates, said the market for professionally monitored security and home management services in the U.S. could grow from roughly $9.5 billion this year to more than $12 billion in 2015, and broadband providers that are poised to enter the business could grab about a fifth of the market by then.

Ablondi said the home security is a fragmented business with a wide variety of local players, and a large company like Comcast--with its marketing heft, vast resources and 22.8 million video customers at the end of the first quarter--could be a formidable competitive threat to incumbents.

"Internet technology has disrupted a number of business models, and it's heading for the home security business in a big way," Ablondi said. "A lot of the incumbents have good business models with nice recurring cash flows and handsome profit margins, so they may be slow to invest aggressively in the new technologies that are coming."

From the article, "Comcast expands in home security hoping for growth" by Nat Worden, Wall Street Journal

Previously In The News

Apple, Amazon attack cracks in TV’s armor

Market research firm Parks Associates even predicted a very slight gain in the number of pay-television subscribers in the U.S. this year to 103.1 million, up from 102.5 million in 2013. That said,...

Smart Energy Summit Keynotes to Present Consumer Engagement Strategies to Utilities, Service Providers, and Retailers for Energy Management Solutions

International research firm Parks Associates today announced Best Buy, Motorola Mobility, San Diego Gas and Electric (SDG&E), and Verizon as keynotes at Smart Energy Summit: Engaging the Consumer....

HDBaseT Alliance Adds

"The HDBaseT Alliance reaches a significant milestone in its quest to change the future of networking with the addition of Power Over HDBaseT to the 1.0 specification," said Kurt Scherf, vice presi...

DLNA Enables Streaming of Premium Video in Connected Homes Across Europe

Household penetration of connected products, including connected TVs, game consoles and Blu-ray players, has grown to nearly 40 percent in Western Europe, according to a recent Parks Associates con...

‹
1
2
3
4
5
6
7
8
9
10
11
›