"home automation" articles

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...

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...

2021 and 2022 have been healthy years for the home security industry, and new competition is changing the landscape. Self-installed systems now represent about half of all security systems owned or 16% of all US broadband households. Taken together, these metrics underline the growth of the self-install, professionally monitored market for major players. Understanding the complexity of the market is important as the lines continue to blur with offerings from traditional players...

The cost of living has increased in 2022 as inflation recently broke a 40-year high. There are few indications that consumers can expect a significant decrease in the cost of goods and services in near future. Security companies must find ways to increase revenue to compensate for the higher prices in materials, overhead and wage inflation of their employees. A good portion of the security industry is raising professional monitoring fees or including new services for consumers to...

As the technology used in smart homes and security systems grows in complexity, consumers opting for professionally installed and monitored systems rely on their providers' expertise for configuration and support. This requirement is a growing concern for smaller integrators who fear that support costs will increase dramatically by including home controls with their installations. But while dealers report smart home devices have a high impact on support costs, the interactive services of...

While traditional appliances are self-contained with all the components and the user controls in one cabinet, home systems are not. Components are located where optimal and interconnected electronically via a home network. Home systems have been designed with customer features tailored to a range of use cases, including lighting, energy management, environmental comfort, entertainment, healthcare, and safety. Each application is organized around a controller that manages connected...

State Farm’s $1.2 billion investment in ADT for 15% stake in the company signals a turning point in the slow and somewhat tepid attention insurers have paid to the smart security space. Smart security products and systems stand to save insurers billions of dollars through proactive monitoring, detection, and deterrence for burglary, home, and fire damage. Parks Associates’ July 2022 research finds: 23% of US internet households have experienced water damage...

Connected devices are forming deep integrations in consumers’ lifestyles, with convenience, comfort, and peace of mind as the leading drivers of adoption. As their familiarity with smart home products increases, consumers will seek products that target their specific needs, which can range from lawn maintenance and irrigation to independent living and health monitoring. Co-marketing partnerships with brands in other industries such as energy providers, builders, and insurance companies...