Security Monitoring Fees for U.S. households have increased 15% since 2007
IP technologies open the door on all industries to new, nontraditional competitors. Moving forward, the security industry must be careful not to raise monthly fees too quickly, or it risks accelerating entry of these new players. Continued aggressive fee increases may create short-term benefits but risk long-term turbulence. Instead, security companies need to reposition to win new customers, rather than expecting their existing customers to carry the burden.
Labels: forecasts, home controls, home security, home systems, Parks Associates, report, security monitoring, U.S.
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