Connected Home Systems and Services

Parks Associates director to share firm’s residential security research at TMA 2017 Annual Meeting

International research firm Parks Associates announced today that Tom Kerber, Director of IoT Strategy, will speak at the TMA 2017 Annual Meeting, October 11 in Scottsdale, Arizona. Kerber will examine key trends in the residential home security market and how smart safety and security products impact the competitive landscape.

“The residential security market has experienc ...read more

New research examines insurance channel for smart home products and services

IoT research firm Parks Associates announced new research today showing that nearly 40% of U.S. broadband households with an insurance policy would switch providers in order to obtain smart home products as part of a new insurance service. Insurance Opportunities in the Connected Home also notes that more than 80% of those likely to switch insurance providers are also likely to purchase smart home p ...read more

New research examines adoption of smart door locks, lights, and thermostats in residential security      

New research by Parks Associates reveals that 42% of new security installations include a smart home device such as a door lock, light, or thermostat. Competition in Residential Security also shows that interactive services, or the ability to remotely monitor and control the security panel and sensors, are now included in more than 70% of new security system installs. A ...read more

International research firm releases new report examining IoT strategies for key European companies

Parks Associates today released a new report showing that despite an initially conservative approach to IoT opportunities, many different types of EU companies are now pioneering approaches and introducing beneficial IoT use cases for their customers. According to IoT Connectivity in Europe: Value of Connected Products, companies in this space across the globe are exploring st ...read more

Industry webcast featuring Parks Associates and LogMeIn examines value of IoT connected products

New Parks Associates research reveals more than 442 million connected devices will be sold in the U.S. by 2020. Parks Associates and LogMeIn will co-host the complimentary webcast “Transforming Customer Engagement with IoT Connected Products” at 1 p.m. CT (11 a.m. PT) on Thursday, August 17, to examine the IoT value propositions and best practices product companies should utilize ...read more

Research firm’s Smart Home Tracker reveals annual sales revenue for smart door locks will exceed $357 million in 2021

Parks Associates today revealed new research showing that annual unit sales of smart door locks will reach 1.68 million by 2021. The IoT research firm’s Smart Home Tracker: Market Sizing and Trends also reveals that annual sales revenue from smart door locks will exceed $357 million in the same year, up from $207 million in 2017.

“Adoption of smart door l ...read more

New research quantifies the value of IoT data in the connected home

Parks Associates announced new research today showing that approximately 50% of U.S. broadband households are willing to share data and device control for discounts on electricity. 360 View Update: The Value of Data – New Smart Home Business Models notes interest is consistent across different product categories, with 51% of smart thermostat owners, 50% of hot water heater owners, and 48% of owners of smart ...read more

New research examines challenges and strategies for smart home products and services

International research firm Parks Associates today announced new IoT research examining the market for smart home devices and services, including the current challenges and strategies to expand consumer adoption and purchase intentions. The consumer research and industry reports include analysis of smart home consumer segments and forecasts for smart home controllers, standalone security gat ...read more