"smart home" articles

Parks Associates’ 2020 CONNECTIONS™ Community is a virtual conference and networking experience focused on the connected home and IoT industries. The CONNECTIONS™ Community will host six exclusive networking events over the next three months, leading up to the main virtual conference on November 10-12, which will bring together industry leaders to network and discuss the growing smart home market. The CONNECTIONS Community’s first online experience is the MDUs in Focus:...

Smart major appliances emerged in the US market in 2011. However, like smart home devices, adoption rates for different categories of smart appliances remain fairly low. Eleven percent of US broadband households report owning a smart appliance. Smart refrigerators, clothes washers, and smart microwaves have highest adoption. Adoption barriers such as high prices, perceived poor value proposition, slow replacement rates, and limited product availability restrain growth in these...

As many states start to loosen shelter-in-place mandates, industry players are trying to understand the impact of the global pandemic on their respective markets. The COVID-19 pandemic and its economic impact are still largely evolving, and the industry and market response will continue to evolve as well. We have seen a limited number of new smart home product releases in Q1 2020. This could indicate that smart device brands are operating their businesses conservatively as they...

Security industry watchers have anxiously awaited Q1 earnings calls to see how market leaders fared as a robust start to 2020 hit COVID-19 headwinds in March. A strong 2019 resulted in 31-32% of US broadband households owning a working security system, up a substantial 5% points over 2018. Eight-eight percent of security system owners have professional monitoring, according to a Q4 2019 Parks Associates study. The view from the top, thus far, is that the residential security...

35% of consumers report experiencing a data privacy or security issue in the past 12 months. Consumers need seamless security solutions that can protect any device, against any threat, anywhere. However, security and privacy solutions are typically fragmented and cumbersome, leaving consumers exposed in one or more of these areas. Consumers today have different solutions, or no protection, across laptops and mobile devices and for their children, home network, and public networks....

Home services providers of all types have rapidly adapted to COVID 19 limitations and challenges in a variety of ways. These adaptations have short-term, mid-term, and long-term implications for how companies and consumers will think about and plan for delivery of services in the future. In the short term, service providers have adopted a variety of strategies to keep employees and consumers safe, served, and informed: Some, such as Comcast Xfinity Home, have suspended...

Parks Associates recently hosted its annual Smart Energy Summit in Austin, TX. The summit brought together industry professionals from both the smart home and energy management spaces. Analysts and executives discussed several key industry topics, including consumer engagement with utility energy-efficiency programs. According to research by the American Council for an Energy Efficient Economy (ACEEE), energy-efficiency programs are the lowest cost energy resource available today....

Rand Bailin , Partner at Sprosty Network , will be participating in the Smart Energy Summit session, Energy Data and the Smart Home: Enhancing the Customer Relationship on Wednesday, February 19 at 10:45 am. This session addresses how access to high-frequency energy data enables multiple value-added services, including those that can be monetized as a service to consumers and those that can serve partners as lead generation tools or as part of a broader home warranty service....