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You also don’t have someone to help you get it hooked up, and if you have to work with customer service over the phone, it can become stressful.

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alarm security“We’re good at residential and the category is growing,” Boyce said. “We feel it’s underpenetrated. We can achieve our near term and midterm growth goals in residential. We’re going to stay focused. ”And that means more than security. Of its clients, 85 percent employ some “smart home component,” Boyce said. That could include the ability to disarm the home alarm, lock a door, or look at security camera footage via a cellphone. But increasingly, Boyce said, smart home components include the ability to adjust components like lighting, heating and air conditioning, and appliances and devices. Defenders projects up to 97 percent of its clients will have some form of smart home technology within 12 months. “We think the residential security business will continue to grow and the growth will accelerate because there will be more smart home components,” Boyce said. That’s pretty impressive penetration considering Defenders didn’t get into smart home devices until 2014.
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security companies michigan”He called Defenders’ revenue growth in the face of that increased competition “very aggressive and ahead of the curve. ”One element that has helped home security companies continue to thrive in the face of the DIY movement, Ward said, is monthly monitoring charges. “Recurring monthly revenue is where a good number of security companies get the majority of their revenue,” he said. But Defenders doesn’t have that luxury. In its arrangement with ADT, the latter gets all the monitoring revenue. A different modelDefenders is focused on its own goals, Boyce said, not fretting about the competition or changing landscape.