Why are Telecom Companies Moving into the Home Security Industry?
The home security industry has been booming in recent years, and many more Americans are beginning to utilize home monitoring systems in their homes. Some of America's biggest telecommunications companies are getting in on the action of this growing industry.
With these services, homeowners can set up security cameras and monitoring systems in strategic areas around the home. These systems allow you to then monitor the activity in your household from a remote location at any time. Using internet monitoring systems, you can be aware of your household activities from any location.
Which Companies are Involved, and Why?
Verizon, Comcast, and Xfinity are some of the big name telecom services who have successfully broken into the home security industry. There are plenty of benefits for them to do so. Firstly, since many Americans now already subscribe to TV, internet, and phone services, it's harder for the telecom companies to attract new business. It's a necessary leap for them to begin providing more services if they want to continue to grow.
The shift for these companies also makes sense because it is a fairly easy process for them to market their new services. Since they already have a highly targeted market of people looking for home technologies, they can easily upgrade their existing customers to make more profits off of each home that they service. The process of getting more money from each existing company is ideal for marketers, so this situation is a big win for these telecom companies.
Pros and Cons of Telecom Companies as Home Security Providers
Some argue that the telecommunications companies are perfectly set up to merge into the home security sector. Since they already have a large infrastructure for dealing with video and internet technology, it's not a far stretch for them to also begin offering services in home security.
Most home security systems are now turning to home automation. Home automation allows homeowners to manage and protect their home wirelessly from their smartphones and tablets. They can watch the surveillance footage, unlock doors, adjust the temperature and more from many miles away, as long as they have an internet connection. Since telecom and ISP companies offer their services wirelessly, it's a logical step for them to merge into the home security industry as well. Many Americans have grown to trust these services, and it doesn't seem like a leap to add one more reliable service onto the monthly bill.
However, a potential con that has yet to be fully explored is the extent of that trust. Some people who are against this setup argue that telecommunications companies already have a lot of access personal information from their users. It is yet to be seen how well the information they have will be protected from outside interests.
The Pros Outweigh to Cons
Despite a small amount of controversy, some of the major telecom companies have been very successful at crossing over into the home security industry. Since their services are extremely convenient to add to an existing telecom service package, many home owners and renters choose to upgrade to home security services with their existing providers. One could say that the new offerings have been beneficial both for the companies and for the consumers. As long as the telecom companies uphold their duties to protect customers' sensitive information, it seems that they will continue to gain a foothold in the home security industry.