Blog articles from 11/2022

One unique market for smart spaces solutions is that of smart apartments and MDUs. Smart apartments feature smart amenities for residents, community management solutions, and building automation solutions. These solutions are growing in popularity among MDU property managers and owners in the US and Europe. In Europe, this is noted by investments in property management software, such as Plentific, which raised $100M in funding from Brookfield Asset Management, Highland Europe, and Target...

Join leading industry executives and analysts in discussing the entertainment services landscape at Parks Associates’ Future of Video 2022 event series. Panelists will discuss research that analyzes industry themes such as hybrid business models, streaming measurement challenges, service stacking and churn, and consumer usage trends. AGENDA: Welcome: State of the Video Market Elizabeth Parks , President and CMO,  Parks Associates...

The OTT video market is maturing, as services adapt to a consumer base that is more intentional and more focused on value and simplicity. From 2021 to early 2022, the OTT video market showed signs of maturation, a contrast to the rapid growth and adoption shown over 2020. Subscription growth slowed as consumers faced a glut of service choices and inflationary pressures become more intentional in their subscription choices. The market is in the midst of change to adapt to these...

This growing emphasis on smart home solutions and interoperability comes as utilities are amid an enormous transition changing how energy is generated and delivered. Driven by a massive shift to renewable energy sources, growing demand, and an aging grid, utilities are moving towards a distributed renewable energy environment after over a century of central station generation. The “utility of the future” is very real and a very different concept than that of utilities of...

The MDU market is unique for its multiple stakeholders, bulk deployments, and multiple locations for installations. End-user residents, MDU property managers, and building owners benefit directly from proptech. Other ecosystem players are also in a position to capitalize on new demand and value, including smart home solution vendors, ISPs, insurance agencies, security providers, and installers. MDUs may have hundreds of units on one property, which leads to bulk device purchases and...

Prior to the pandemic, few local physicians’ practices offered telehealth or remote visits, and few if any hospital systems ran telehealth or remote patient monitoring programs at scale. In 2020 and 2021, much like patients themselves, care providers and health systems had little choice but to make heavy use of telehealth. With in-person elective visits gone and social distancing keeping many patients at home, providers stood to lose much of their revenue streams if they did not act...

Consumers now have a deeper relationship with technology. The elevated use of connected devices for entertainment consumption, productivity, and access to services has proven durable even as out-of-home activities resumed. Technology demand remained strong entering 2022, and US internet households now own an all-time high of 16 connected devices on average. The consumer electronics (CE) category has displayed surprising resilience. Along with the unpredictability of the pandemic and...

Today’s viewers consume video content across a range of content types and business models, gravitating toward online streaming services instead of traditional cable and satellite to meet their entertainment needs. Parks Associates’ data as of Q1 2022 finds that US internet households subscribe to an average of five OTT services. Among OTT subscribers only, the number of services jumps to an average of six – more than double the average in 2019. As a result, traditional pay TV...