The security industry has gained millions of households due to the explosion of DIY offerings and COVID-19. Households sought stability and safety during COVID and were able to find low-cost solutions. In 2022 though, home security system adoption slowed with home security ownership dropping from 2021 levels. The industry’s top players, however, are achieving record revenue in 2022 and that shows no signs of slowing. The rebound of professional installation since 2020 and recent solar system and service offerings have generated robust revenue growth. This report is a Parks Associates Research Report commissioned by ESA and sponsored by Resideo to deliver the top security trends to help you make informed decisions on capturing new customers through careful business strategy evolutions.
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