As changes in communications come, however, Mechler said that the industry needs to be able to adapt.
"It's something that we have little control over," he said. "But it's important as an industry to roll with those changes."
Looking to the Future
While the aforementioned technologies and services are currently impacting the market, there are other features on the horizon that could also rise to prominence over the next several years.
Some companies are examining the potential for "geo-location" services, which would utilize a user's GPS tracking functionality on their smartphone to remind them to arm their alarm system after they've left a pre-designated radius of their home or business.
"I think you will see more geo-location services enter the space," Kenny said.