2017 STATE OF THE SECURITY INDUSTRY REPORT
Most impactful residential business
threats for 2017
Respondents were asked what they expect their most
impactful residential business threats in 2017 to be.
They were asked to select their Top 3 threats.
Here are their responses in order of priority.
Threats to Residential
Integrators Mirror
Commercial
While some of similar threats dog
residential integrators that currently
face their commercial counterparts,
one major difference is apparent –
the growing world of Do-it-Yourself
homeowners.
According to SecurityInfoWatch.com,
total DIY security users will grow at
an annual rate of 71.5% from 2014 to
2020. Monitored DIY subscribers will
grow 53.4% in the same period. The
DIY Smart Security market is growing
at a considerable rate through direct
and consumer retail channels and this
growth will continue with or without
traditional security participation.
Nearly 63% of survey respondents
reported that the exploding DIY
consumer base will be there most
impactful business consideration in
2017 and moving forward.
Residential-heavy integrators also
saw threats to business coming
from outside sources. Nearly 34%
said the growing number of phone
and telecom providers entering the
industry was concerning, as was
bundled options from cable providers
according to 32% of respondents.
The explosion of the
Do-it-yourself (DIY) consumer base
The growing number of phone and
telecom providers
entering the industry
Bundled options from
cable providers
Questionable or illegal
sales/business practices
of competing fi rms
Unpredictable construction cycles
Customer/account attrition
Rising cost & complexity of residential and home
automation technologies
Competing with smaller local fi rms
*Other
2G sunset and customer
conversion to 62.6%
33.9%
32.2%
1
3
2
conversion to 3G
6
21.8%
14.9%
14.4%
13.2%
11.5%
11.5%
9.2%
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