MACTECH

"Broadband households in the U.S. now own an average of more than seven Internet-connected computing and entertainment devices, and nearly one-fifth own a smart home device," said Patrice Samuels, research analyst, Parks Associates. "As consumers acquire more connected devices for their homes, the more exposure they feel, either through experience or from hearing about high-profile security breaches in the media. As a result, they are seeing high value in security and privacy su ...read more

"Nearly 40% of U.S. broadband households with a security system also own a smart home product," said Stuart Sikes, president, Parks Associates. "Safety and security are the leading value propositions for the connected home, so we will see many innovative solutions at CES 2016 coming from partnerships among security companies, service providers, app developers, and device manufacturers.”

From the article "Smart home device adoption highest among 25-34 households" by MacTech.

New data from Parks Associates (www.parksassociates.com) finds that 10 percent of Spanish broadband households own a smart watch, followed by eight percent in the U.K., seven percent in Germany, and six percent in France.

"Form factors such as the smart watch are creating new opportunities for wearables in the connected home, with home controls and health applications near the top of the list for potential use cases," said Stuart Sikes, president, Parks Associates. "At CONNE ...read more

Parks Associates analysts say that mobile devices are becoming the de facto controllers for home automation, with apps as the critical interface between the user and the home. For example, nearly 50% of U.S. broadband households with a smart garage door opener use a smartphone, tablet, or computer to control the opener almost every day.

From the article "22 percent of smartwatch owners plan to use it for home control, automation" by Mactech.com.

"Consumers have shown plenty of interest in streaming audio and music services, but most consumers have opted for free accounts. Music service providers have built a model around converting free users into paying customers, but this strategy has not paid off so far," says Glenn Hower, research aAnalyst, Parks Associates. "Streaming music providers will have to get creative with revenue streams if they hope to build sustainable businesses, whether through partnerships with broadb ...read more

New data from Parks Associates (www.parksassociates.com) finds support services are a critical part of brand strategy in the Internet of Things (IoT). According to Parks Associates' consumer research and segmentation, one-third of a key segment of consumers under 35, with high income and education, own a smart home device and more than 50% intend to purchase one in the next 12 months.

"These young, 'go-getter' consumers have a strong desire for comfort and convenience, and t ...read more

In a survey of smart home use cases, the Parks Associates (www.parksassociates.com) research group found that over 40% of U.S. broadband households are interested in the ability to receive medical alerts via a smartphone or other connected platform. And about 10% have some type of smart home product, service, or both.

"By 2019 the number of U.S. homes with a smart home controller will exceed 26 million," says Harry Wang, director, Mobile and Health Products Research, Parks A ...read more

New data from Parks Associates (www.parksassociates.com) finds global OTT [over-the-top] video service subscription revenues will increase from nearly US$9 billion in 2014 to over $19 billion in 2019.

Currently, 57% of U.S. broadband households subscribe to an OTT video service. Among European broadband households, 57% in the U.K., 29% in Spain, and 24% in Germany subscribe to an OTT service. The research group also finds that in 2015, approximately 7% of all U.S. households ...read more