"home safety" articles

As of April 2021, 66% of US broadband households are familiar with telehealth services compared to 50% in May of 2020. The use of telehealth services has more than quadrupled, increasing from 15% in 2019 to 64% in 2021. A confluence of factors is driving the expansion of healthcare into the home. 1. Reimbursement changes: Over the past two years, CMS has made substantial changes to support virtual care reimbursement, including expanded reimbursement of telephonic evaluation and...

Nearly all home device owners are interested in a unified app, according to Parks Associates latest research of 10,000 US internet households in the US regardless if the devices are attached to security systems or are single point solutions. Smart home security devices have similar value propositions as traditional security systems and may service as an alternative due to the low cost and easy DIY installation options. While security systems with professional monitoring provide...

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...

COVID-19 has redefined the market for security and related smart home devices, with both positive and negative factors emerging in this new environment. From the very beginning of the pandemic, many people, unwilling to risk exposure to COVID-19, have avoided circumstances where an installation or repair technician would enter their home. This cramped growth for traditional security systems also heightens the willingness to acquire self-install security systems. Countering this...

There is continued demand for new products and services spanning beyond just traditional PCs and mobile devices including entertainment products, appliances and productivity tools, connected health devices and a multitude of smart home devices. Securing these products against the mass of internet threats and leaks has become an ever more complex task. Parks Associates quarterly survey of 10,000 internet households tracks adoption of all connected devices used by consumers....

Parks Associates’ consumer surveys consistently find that “peace of mind” consistently ranks in the top three smart home benefits that most influence purchasing. Thirty-one percent of recent buyers report “peace of mind” as the top benefit influencing their purchases. Security service providers can build on consumers’ desire for this value and develop other offerings that address peace of mind. Released ahead of this week's ISC West , Parks Associates' new whitepaper...

The connected home market is ripe with opportunity. Consumers now have an average of 15 connected devices in their homes, and 37% of US broadband households own at least one smart home device. Smart home, connected health, and connected entertainment products provide an increased level of convenience for consumers through home automation and home security applications, energy management and energy efficiency services, new video distribution options through various...

Parks Associates has been tracking the residential security markets since the late 1980s. Security and home systems have been established for decades in specific consumer segments, but now connectivity has created new opportunities. For the security market, market factors are creating new dynamics and a new structure for smart home and home security players: 1. Affordability 2. Commoditization vs. Differentiation 3. Consolidation / Partnerships 4....