Parks Associates: Pro-install Is Stronger in Summer for Smart Home Solutions; Retail Sales Expected to Increase tor Holiday Season [Yahoo! Finance]
Alarm.com Holdings, Inc. (ALRM)
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Source: Yahoo! Finance
DALLAS Oct. 23, 2024 /PRNewswire/ -- Parks Associates' Smart Home Consumer Insights Dashboard finds that channels with professional installation – residential security, custom integrators, internet service providers, and others – have stronger sales of smart home devices during the summer, following household moves, while device sales through retail are expected to pick up for the coming holiday season. The firm will address these buying patterns at the upcoming CONNECTIONS™ Summit , hosted at CES® on January 7, 2025 , in Las Vegas The Smart Home Dashboard reports 26% of US internet households acquired at least one smart home device in the past 12 months and 46% report intentions to purchase in the next six months. Adoption of smart home devices has reached the early mass market, with sales patterns settling into seasonal variations. "Smart home markets experienced growth during the pandemic and are now settling into a more normalized pattern," said Jennifer Kent , VP, Research,
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ALRM
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Sec Filings
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- 2/5/25 - Form SCHEDULE
- ALRM's page on the SEC website