Blog articles from 09/2022

The momentum of insurance companies as a channel for the purchase or distribution of smart products is increasing. State Farms enormous investment in ADT is another example of ADT diversifying its strategy to capture all angles possible. This new partnership with State Farm, coupled with Google’s investment in ADT, is a huge signal that major players are recognizing the need for integration across ecosystems in the home. According to Parks Associates research, currently 4% of...

Parks Associates released this list of 2022 Top Tech Trends in January 2022. The information was compiled from Parks Associates research team and its library of insights and data. Trend 1: Residential security providers push the envelope on product innovation to stay ahead of a rapidly commoditizing market. Trend 2: Consolidation will rule video services in 2022. Trend 3: Senior tech picks up steam, with overlapping interest from the smart home and healthcare industries....

There is so much happening in the smart home these days. Parks Associates latest consumer research - household data nationally representative of the US market- shows the following adoption and usage: Over 12 million US internet households own a smart door lock 51% of smart home owners who have recently experienced at least one technical issue report loss of wireless connectivity Leading smart home companies took action in Q1 2022 to add more brand equity and new...

Research insights from Jennifer Kent, Ph.D. Vice President, Research Parks Associates The exact structure of industry supply chains naturally varies by industry, based on market needs, strategies of market leaders, and the legacy of a market’s historical development. The smart door lock and smart access control product industries have developed such that both established, and start-up OEMs do the vast majority of R&D, product iteration, manufacturing, and assemblage of...