Blog articles from 10/2022

The connected entertainment space is evolving alongside a number of industry trends. The rise of streaming and the resulting fall of pay-TV, shifting consumer preferences in terms of viewing devices, and the rising adoption of smart speakers have changed the connected entertainment space permanently. With these changes have come changes in the structure of the market and the power dynamics of the players. The connected entertainment space is moving towards a smartphone model, in...

Household data is an important part of Parks Associates proprietary research methodology and is integrated into all of our research work, especially forecasting the adoption of products across households. Smart access control solutions, including locks, external video devices, and smart garage door openers, are among the leading smart home products; they deliver on the core value propositions of convenience and peace of mind. Parks Associates quarterly research of 10,000 US...

Over the years, groups of smart home companies have come together to develop standards and protocols to help their devices work together. Consumers have wanted a simple, easy way to shop for devices to add to their smart homes. There have been success stories, but none can boast the promise and the lineup of brands supporting the Matter initiative. Because of the history of multiple standards being developed, many are skeptical about the full promise of Matter.  With the release of...

CEDIA Expo 2022 hosted companies in Dallas, Texas last week from the home entertainment industries introducing new products and solutions in smart home/security, connected entertainment/gaming, and video/audio networking. The three-day convention also featured long-anticipated announcements relating to Matter, a new connectivity standard that aims to revolutionize the connected home experience. Parks Associates latest consumer survey work of 10,000 internet households shows that now...

This is an excerpt from Parks Associates industry report, "Home Networking: State of the Market." A home network is a digital pathway for components such as sensors, actuators, user interfaces, and controllers to communicate. Most of these components include an electronic network interface that connects to a physical medium such as a wire or a radio for wireless communications. Local area networks (LANs) were invented to interconnect computers, terminals, and...

On September 14 th -16 th 2022,Nice North America held its Media Day event at the company headquarters in Carlsbad, California, just outside of San Diego. Nice Group is an Italian-based company, but the recent finalization of its Nortek Control acquisition has expanded the market presence of the Nice North America branch of the company, by providing a more extensive portfolio. In a press release on September 28 th , coinciding with the annual CEDIA Expo, the Deputy CEO...

The streaming video device market continues to evolve – amid growing consolidation around a handful of devices and platforms. Smart TV adoption is rising - now 60% of internet households report owning one - while streaming media players have plateaued; both remain important . Game console adoption continues to trend downward, in contrast. Given that most TV models are now smart TVs, the natural replacement cycle continues to drive incremental adoption. Smart TVs are...

This is an excerpt from Parks Associates research report, Context is King: Video & Audio Analytics , by Chris White, Research Director, Parks Associates . Context is king in realizing the vision of the smart home. To provide security, convenience, comfort, and cost savings, smart home devices must work together to collect data from tools as varied as cameras, microphones, and sensors and determine appropriate actions to take at just the right time. These data...