"smart home" articles

While the use of smart home devices and appliances is mostly among early adopters, many markets will inch closer to the early majority in the next few years. The integration of new technologies in consumers’ lives is forcing service providers and manufacturers to rethink technology solutions to meet the changing needs of the post-pandemic world. Convenience, comfort, and peace of mind remain the leading drivers of smart home device adoption. But, other factors influencing growth...

Parks Associates’  CONNECTIONS™: The Premier Connected Home Conference  series is excited to announce  Midea  as an Event Sponsor. With more than 150,000 employees and presence in over 195 countries, including in the United States, Midea’s products touch the lives of millions of people and families through air treatment, refrigeration, laundry, small and large kitchen appliances, water appliances, floor care and lighting. The Midea brand’s promise...

IoT adoption is growing across the world. This includes not just consumer smart home device adoption, but IoT deployments in industrial and business settings. IoT sensors and devices capture data and perform tasks, communicating over IP and other protocols with cloud or local systems to create intelligent systems and enable automation. These solutions support a wide variety of use cases, enabling more functionality while saving companies money and increasing revenue opportunities....

As the smart home industry looks to extend beyond early adopters and general tech enthusiasts, integrations and partnerships are critical for smart home products to move to mass-market adoption. As of Q4 2021, 37% of US broadband households own a smart home device and smart home device-owning households now own an average of eight devices in their home. The smart home ultimately starts at the front door, with devices like smart door locks, smart garage door openers, networked...

New technologies are becoming available to consumers through innovative connected devices in the home. Multiple brands have released new connected products geared at improving convenience and helping consumers monitor and address daily living challenges. While consumers are interested in leveraging the benefits of new connected products, fears and concerns about choosing the right product can inhibit adoption.  Purchase consultation services can help consumers sort through the...

Despite the proliferation of available smart home devices and services, as well as numerous escalating promotions, the adoption rate for many smart home products has remained consistent (slow and steady) over the past few years. Manufacturers and service providers are eager to understand what they must do to make significant gains in sales and revenue. Parks Associates’ research on market barriers mines consumer fears and presents strategies for addressing or alleviating their...

Multi-dwelling unit managers and owners who opt to install smart home solutions can leverage their investments to promote their properties and attract new residents, and providing these in-unit devices to residents can increase occupancy and justify higher rents per unit. The primary benefits of in-unit products have easy value propositions for consumers to understand: access control and energy management solutions. Access and Control Smart door locks Residents...

Smart lighting has yet to capture the imagination of most consumers, in part due to a lack of familiarity and in part due to the industry’s poor use case explanations. Significant opportunity still exists in the smart lighting category. Smart Lighting Devices Smart lighting devices belong in the family of smart home energy devices and are comprised of three categories – smart light bulbs, smart in-wall switches, and smart plugs/adapter modules. Unlike traditional...