"smart home" articles

Join Parks Associates’ virtual session " Smart Spaces: Apartments, Hospitality, and Community Living ," on Thursday, November 17 at 2:00 PM CT for insights addressing the role of Wi-Fi and broadband in buildings, access and control systems, safety and security risk mitigation, energy management platforms, systems integration, and smart lighting. Panels and speakers include: State of PropTech: Apartments, Hospitality and Commercial Buildings...

Parks Associates’ CONNECTIONS™: The Premier Connected Home Conference is excited to announce Johnson Controls as a sponsor of the upcoming event in 2023. Johnson Controls is a global diversified technology and multi-industrial leader serving a wide range of customers in more than 150 countries. Our Security Products team focuses on security for homes and businesses and enables smart home connectivity through the use of our secure PowerG technology. We help our customers have...

Consumers want a smart and secure home that “just works.” Unfortunately, 54% of US internet households experience technical issues with their home networks, and most smart home device owners report technical problems with their devices. The ability to quickly resolve networking and product issues is critical to making the connected home seamless and enjoyable, but providing that experience means increasing support costs for internet service providers and device manufacturers....

Join leading industry executives and analysts at Parks Associates’ interactive CONNECTIONS virtual session “ Tech Innovation and New Partnerships ”  on November 10 at 11:00 AM CT for insights addressing how new tech like AI and machine learning can drive business value through enabling enhanced capabilities over non-AI-powered solutions. Panels and speakers include: AI and Video Analytics: Driving More Value for the Smart Home Alex...

There is a considerable market opportunity for residential security service providers to build on their core offering, chiefly by cultivating peace of mind value propositions for security-adjacent use cases. Certainly, macro events like the recent pandemic have impacted consumers' purchase behavior around residential security capabilities. Parks Associates asserts that the overall market growth tailwinds for residential security are strong due to mounting nationwide concerns about crime...

For decades Parks Associates has tracked adoption of home systems and security systems. Recently we changed the way we asked about security solutions given the major entrance of DIY solutions changing the market dynamics. Ultimately, the market is expanding. Our view we believe reflects a more accurate portrayal of the market, especially in looking at the growth of the market. Parks Associates' most recent update of its Residential Security Tracker assesses the residential security...

The smart home market as a whole experienced relatively strong growth in 2021 and smart appliances were no exception. The average # of smart appliances owned by US broadband households has roughly doubled from 2020 to 2021. Now, over one-fifth of consumers now own a smart appliance, with more than a quarter intending to purchase a smart appliance in the next 6 months   All smart appliances across the board saw record adoption and purchase rate, with the...

Ad-based video streaming services are among the fastest-growing segments of the video entertainment market, now watched by 37 million internet households. Both AVOD and FAST services offer consumers access to a wide variety of content in a cost-effective way with broad appeal. At the same time, the media environment is fragmented; broadcasters and content owners must optimize audience reach while delivering quality content across an increasing number of distribution platforms. More...