Tenth annual Security Dealer Study addresses competitive pressures, industry conditions, and new trends for security market DALLAS, Feb. 9, 2023 /PRNewswire/ — Parks Associates’ 10 th annual Security Dealer Perspectives: Views from the Front Line presents and analyzes the results of a nationwide survey of installers/dealers who install security systems, including both owners and those employed by security firms. The survey, conducted at the end of 2022, reveals that one-third of owners of a security dealer firm have considered selling their business, although 42% have no succession plan. Continue Reading Parks Associates: Company Succession Statement The research quantifies the dealers’ view of the security market, with data compared across multiple surveys, and analyzes competitive pressures, industry conditions, and new trends, including the addition of smart home and interactive technologies. "2022 was a difficult year for home sales after several boom years, and the years to come will be challenging for the housing market," said Elizabeth Parks , President and CMO, Parks Associates. "Between inflation, increased home prices, rising mortgage rates, and general uncertainty over the health and direction of the economy, consumers are pulling back on spending and buying homes." Parks Associates’ research of 10,000 internet households shows that […]
Parks Associates: One Third of Security Dealers Considering Selling Their Business, but 42% Have No Succession Plan
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