Market Share of Residential Security Monitoring Recurring Revenue Market with video surveillance and Mobile security measures allow
"Residential
Security Monitoring Recurring Revenue Market Share Analysis: Market
Shares, Analysis, and Index, US, 2006 to Current, Quarterly"
The Report covers current Industries Trends, Worldwide Analysis,
Global Forecast, Review, Share, Size, Growth, Effect.
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Description-
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– Home
security monitoring services offer basic and enhanced services to
homeowners. Basic security services have wired and wireless
sensors installed on windows and doors to detect unauthorized and
forced entry. The sensors trigger alarms that notify a central
station that then notifies the homeowner and the police if
appropriate. Services operate 24/7, even during power failures,
and can contact the fire and paramedic units. Revenue reported
herein is for the ongoing monitoring service.
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– High-end
home security monitoring services offer video surveillance. Mobile
security solutions allow managing the security system from electronic
devices. Personal emergency response may be part of the
security package, where medical help can be summoned if needed.
Energy management, environmental hazard monitoring, warning of
water pipe bursts, and flooding generate alerts as wireless sensors
trigger alarms that notify a central station. As with the basic
service packages, the hardware is a large upfront cost that the
customer initially pays only a small fraction of. Ongoing
monitoring service is the recurring monthly revenue (RMR) that the
companies receive. Thus, customers must be maintained for long
periods of time to generate profits on each customer. Customer
service and automatic payment methods are important for the profit
margins of each company. Thus, maintaining customer is the most
important part of this business.
– Analysis can be customized
by location and type of facility, such as residential, small
business, or commercial. In the US additional breakdown of the
revenue is offered by metropolitan statistical area (MSA). This
edition of the index is limited to residential revenue from US
dwellings. Residential monitoring includes single family and
multifamily dwellings, but not small business. Analysis of
additional regions worldwide or alternate type of facility can be
provided upon request.
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