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Most alarming is that half of those without systems just aren’t interested — today or under any offered conditions. This creates added importance to maintaining existing customers, and Parks Associates research shows these customers largely value price savings. When those who terminated service in the past year were asked the reason for terminating their service, 36 percent said they didn’t feel the service was worth what they were paying for it. This is why smart home kit vendors offering self monitoring have the potential to grow more quickly by addressing the needs of non traditional security customers. These customers are increasingly interested in home control and potentially security but not in professional monitoring fees. — Contributed by Tom Kerber, Director, IoT Strategy, Parks AssociatesAs Managing Editor, Karyn Hodgson writes exclusive cover stories, such as SDM’s State of the Market series, as well as other feature length articles and case studies.

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According to the report, “the traditional, one way security systems are giving way to innovative solutions that meld remote monitoring and control as well as automation capabilities with notifications of security breaches and events homeowners want to be alerted about.

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The top plan goes for $379, which includes everything from the lower plans, complete with a year of professional monitoring.

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It carries out the crucial function of checking your home and family for robbery; smoke and fire, carbon monoxide, critical events.

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