"home automation" articles

The multifamily housing market has become increasingly important to device manufactures as they seek to drive overall market adoption of the smart home products. Multifamily rental properties represent a particularly lucrative opportunity for smart device manufacturers since they deploy smart home device packages to multiple units at a time. Parks Associates research shows that 83% of multifamily builders report the ability to integrate smart home technology with property management...

Reduction of false alarms is a major goal for players in the home security industry. Currently, 36% of US internet households have a home security system with the vast majority professionally monitored. False alarms are a source of frustration for home security owners regardless of the type of alarm, and most (65%) have paid a fine as a result. With 62% of home security owners able to recall a false alarm in the past 12 months and nearly one-in-ten reporting they...

False alarms are a source of frustration for home security owners regardless of the type of alarm, and most have paid a fine as a result. With 62% of home security owners able to recall a false alarm in the past 12 months, and nearly one-in-ten reporting they experienced more than five, it’s clear why false alarms are such a common topic of discussion among security system owners, dealers, and monitoring providers. Consumers report that their systems misidentify too many moving...

Parks Associates research shows that 13% of consumers report they are not likely to purchase a new product from the same brand if they return a product from that brand. Those experiencing technical problems seek help through a variety of channels, including the manufacturer, product manuals, and support forums. Brands need to offer a variety of support resources. On Thursday, June 9, 2022 at 12 PM CT/ 9 AM PT, Parks Associates will co-host a complimentary webinar with RouteThis,...

Internet service providers seek upgrades to their CPE deployments, looking to offer new value-added services using the router as a distribution platform. However, supply chain constraints continue to impact the market, making it difficult for router OEMs to ship products to their clients. To this end, over-the-air updates of existing CPE are becoming part of many companies’ strategies. With some ISPs, notably smaller players, having to delay CPE upgrades, many are choosing to move...

Smart spaces can be defined in many different ways. Parks Associates defines “smart spaces” as physical locations, equipped with networked devices and sensors-based solutions, that give individuals data about the location’s parameters and how the space is being used. “Smart spaces” are most commonly buildings but may be any type of location, including outdoor structures or vehicles. Smart spaces have a strong overlap with smart home, industrial IoT, and Industry 4.0,...

Networked cameras are a leading smart home device category, providing peace of mind and security as part of a security system or as a standalone product. A fiercely competitive landscape provides consumers with a broad mix of product and service options. AI capabilities are becoming increasingly important and key differentiators for networked camera manufacturers. Video and audio analytics unleash powerful features. Furthermore, by offering high-value cameras to the market at a low...

Security systems with 24/7 professional monitoring are the foundation of consumer familiarity with home monitoring services. These traditional services set the standard for safety, theft prevention, and detection for homes and businesses and have a straightforward and robust value proposition that resonates with consumers and companies. Currently, Parks Associates’ research reveals that 36% of broadband households have professional security monitoring. Further, new...