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The value of pro monitoring still strong despite recent challenges

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The value of pro #monitoring still strong despite recent challenges | #Verdafero #Security #RMR #FireAlarm | Parks Associates’ Research Director Brad Russell shared some additional research with Security Systems News from Parks’ “IoT: Extending Professional Monitoring for New Revenue” study that shows the value of professional monitoring is still strong despite recent challenges.

The research addresses how innovative companies are driving new revenue by extending professional monitoring services and offerings within the connected home.

Diving deeper into the numbers, monitoring revenue will reach $15.74B in 2020, an estimated slight decrease from $15.98B in 2019 due to “increases in attrition driven by economic downturn and decreases in net adds due to new account sales barriers,” Russell told SSN.

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