The term “Internet of Things” (IoT) has emerged over the past two years as a key concept for the connected home and entertainment industries. Parks Associates defines the IoT as the range of networked products and services that are capable of sending and receiving data. This all-encompassing term broadly covers areas Parks Associates have been examining for nearly three decades.

Throughout the years, the connected home has gone through many transformations, and we recently passed a new milestone. The connected home is in a “post-desktop” phase now that more U.S. households own a smartphone than a desktop. According to Parks Associates research, at the beginning of 2015, 78% of U.S. broadband households have a smartphone, compared to 69% that have a desktop.

The connected entertainment and smart home industries need to ensure that this consumer side of the IoT works seamlessly, securely, and with a flexible design capable of integrating future innovations.

Parks Associates recently hosted the 19th-annual CONNECTIONS™: The Premier Connected Home Conference, May 19-21, in San Francisco. During the 3-day event, over 600 industry players of the connected home ecosystem, from smart home and connected entertainment to digital media and tech support came together to:

• Provide a deeper understanding of the impact of new business models and partnerships in the connected home.
• Shed light on the innovative technologies being introduced and tested.
• Share consumer adoption rates and intentions and highlight segments to target for specific products and services.

To download a copy of the event summary, click here.
 

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