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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. K. , security and home monitoring are popular entry level features among consumers. Service providers can offer home controls solutions directly to the consumer or offer the services to a partner such as a utility or OEM, which then provides the service to consumers.