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People like us who have been here and toughed it out have the opportunity to pick up some of that orphaned installed base. ”White doesn’t see that slowing down anytime soon. “2017 will be a year filled with continued consolidation. The influx of private equity funds into this hot space will fuel mergers and acquisitions. There is continued interest from Internet giants and other entrants into this space that will cause disruption to the traditional business models. However, there is enough consumer demand to support the traditional and new business models that play in our sector. I believe most dealers and integrators will grow in 2017, provided they embrace the available technologies. ”But “wait and see” may not be the best tactic, Hevia says. “The approach that a Ring or SimpliSafe and a host of others have taken is they have found out what the salient needs are with respect to consumers on security . and done a good job of making products appealing. I think the traditional security companies can take a page out of these direct to consumer companies and market the product based on what people are dying to do, which is protect homes and families and alleviate problems.
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The best part is if there’s a power outage, most wireless equipment includes a backup battery to work.
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Traditional security companies would be well served to follow suit in their marketing and ad campaigns.