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

New European Consumer Research on Connected CE Spending, Cloud Service Preferences at CONNECTIONS Europe

Parks Associates announced the 6th annual CONNECTIONS Europe: Cloud Services, CE & Service Provider Strategies will be held November 8-9 at the Movenpick in Amsterdam. "The average broadband ho...

Amdocs Launches Machine-to-Machine and Cloud-Based Connected Home Solutions to Speed Service Providers' Entry Into the Connected Devices Market

Cellular M2M connections are forecast to grow from 135 million in 2011 to 2.3 billion by 2020, as research from Parks Associates shows a great potential for service providers in the emerging connec...

OBJE Enters the Multi-billion Dollar Interactive Gaming Industry

The number of U.S. gamers alone has increased 241 percent from 2008 to 2011, according to a recent report on digital gaming trends from Parks Associates. Much of that growth will come from China as...

Digital Lifestyles: North America

"The consumerism of information technology continues at a frenetic pace," said Kurt Scherf, VP, principal analyst, Parks Associates. "With convergence occurring in the entertainment, communications...

‹
1
2
3
4
5
6
7
8
9
10
11
›