Register

I agree with the Privacy Policy

Residential Systems

Smarter' Security

August 31, 2001

Despite well-publicized economic downturns in other industries, the residential home market does not seem to be taking any significant hits, according to Kurt Scherf. Parks Associates estimates approximately 22 percent of all existing homes already have a security system (either monitored or non-monitored), and the market for home controllers will grow from $1.4 billion this year to $2.5 billion by the end of 2005. They also place new housing growth at between 1.5 and 1.6 million units over the next five years - a ripe market for "smart" home controllers.

.... "I think there's a big enough pie right now that everybody's got the opportunity to get in there," Scherf confirmed. "People have made a lot of money over the last five years, and they are still going to spend it. That's the nature of the home market when it comes to new technology. It's referred to as hanging fruit - pretty easy to pluck right now."

From the article "'Smarter' Security," by Karen Jones.

Previously In The News

Faster Internet Tops Always On

Consumers want a faster Internet. Not surprisingly, respondents in a recent survey of 600 broadband users ranked high speed as the most important benefit to their adoption of broadband services, al...

Survey Says DSL May Beat Cable

Although cable modem service has a much larger market share of broadband services than DSL in the U.S. (67 percent vs. 29 percent at the end of 1999), its competitive edge may soon disappear, accord...

Internet Home Alliance Formed

A group of some of the most recognizable companies in the country chose Parks Associates' 13th annual Forum in San Francisco, CA, to announce the formation of a new industry alliance. Dubbed the In...

Internet to hit 25 million gateways

Parks Associates has released new data that says the residential gateway market, just now emerging, will grow to 25 million installed units at a value of $5 billion (end-user value) by 2005. The...

‹
1
2
3
4
5
›