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, France, Germany, and Belgium rank smoke/fire detectors as the most important connected home control capability. One third of German broadband households prefer a home security company to provide connected home monitoring equipment and services. Utilities are the second most preferred provider but do not score more than 20% of households among any
European country. From the article, "1/3 of German households prefer a home security company to provide home monitoring equipment. " Parks Associates today announced the new report IP Home Management Services in Europe, which focuses on the European market for residential home monitoring and control solutions, including an analysis of new channel entrants, vendors, and technology providers. This industry report provides a thorough analysis of the European market for IP based home systems and management services and examines business models for utilities, service providers, and security companies. "Adoption of broadband and connected devices provides conduits for many new applications into the home and different means to connect with consumers," said Tom Kerber, Director, Research, Home Controls and Energy, Parks Associates. "Overall, European consumers rank traditional security capabilities high among their preferred connected home features, followed by energy management features. The diversity of consumer
preferences among European countries opens the market for different business models and channel strategies. "The report notes that energy management is very popular in Denmark, where electricity costs are high. In the U.
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For most homeowners, the presence of a home alarm system is enough to deter burglars but when it is not, it serves an additional function. As well as signaling authorities that the home has been burgled and increasing the chances that intruders will be caught, the cameras installed with many modern alarm systems catch the intruders in the act. Having visual documentation of the home intrusion increases the likelihood that the burglar will be identified for the crime committed. Video footage also helps homeowners create a record of what has been taken from their home during a burglary. Homeowner’s insurance is designed to cover private homes and the possessions therein from losses or damage that can occur as the result of a number of devastating events. Homeowner insurance covers most events
such as fires, tornadoes and hurricanes. Flood insurance is generally not
included and must be purchased separately since floods are a more common occurrence. The cost of homeowners insurance is generally not taken into consideration by first time homeowners when buying their home, but a significant discount is generally given to homeowners with home security systems installed. The total discount given as a result of homes having security systems differs based upon the features of the system for instance, a system monitored by a central monitoring station should provide a larger discount compared to one that is not monitored and the amount of coverage purchased initially and the company offering the insurance. In general, homeowners receive a 10 20% discount on their insurance by having a functioning home alarm system installed. This type of system allows the home alarm to be remotely armed or disarmed, cameras to be monitored, household lights to be turned off and on, air conditioning or heating to be turned on or changed, and motion detectors to be monitored.
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