Do you say, “Networking scares me. We’re a security company; we protect people and property”? If so, then read on, because it’s time to adapt or become history.
The name of the game is RMR, which of course stands for recurring monthly revenue. With this dependable revenue stream, many companies have weathered tough economic times and flourished when times were good again. The security industry knows this best of all.
The result of the 2017 SDM 100 was upbeat: Collectively, the industry’s 100 largest security dealers grew their recurring monthly revenue (RMR) 18.4 percent, from $612 million to $725 million, last year.
Although still in its infancy, the global do-it-yourself (DIY) market for devices with added smart connectivity is forecast to experience a steady rate of growth at 22.3 percent annually from 2016 to 2021.
There were few surprises, but great detail provided by Michael Barnes in his “Security Alarm Industry Overview” presentation to attendees of the 2017 Barnes Buchanan Security Conference, held February 9-10 at The Breakers in Palm Beach, Fla.
ADS Security (ADS), a regional electronic security and automation company headquartered in Nashville, Tenn., and ranked No. 21 on the SDM 100, achieved $3 million in recurring monthly revenue earlier this year.
Perhaps one of the single most popular foods in North America is the hamburger. From huge chain restaurants to your corner diner, burgers are consumed in incredible numbers.
The 2016 SDM 100, a group of the top security companies ranked by RMR, continues to knock the cover off the ball when it comes to selling into both residential and non-residential markets, providing hosted and managed services, and monitoring.
In 2015 we celebrated the 25th anniversary of the SDM 100 and honored eight companies for being ranked on the first SDM 100 Report in 1991 and all of the reports thereafter.