33% of US broadband households own a security system, a 17% increase since 2018

Parks Associates today announced executives from Vivint Smart Home and ANGI Homeservices/Handy will provide keynotes at the firm’s 24th annual CONNECTIONS™: The Premier Connected Home Conference, May 19-21 at the Hyatt Regency San Francisco Airport in San Francisco, California.  The company released new research at CES reporting significant growth among multiple categories of smart home devices. Parks Associates reports that 18% of US broadband households owned a home control system at the end of 2019, an increase of 38% since 2018.

Oisin Hanrahan, Chief Product Officer, ANGI Homeservices; Co-founder & CEO, Handy, and Jim Nye, Chief Product Operations Officer, Vivint Smart Home, will present keynotes at the event to address the distribution of smart home products in the home, new channels driving wider adoption, and the emerging focus on a service-driven consumer experience.

Early sponsors include Alarm.com, Rapid Response Monitoring, ServiceLive, Cirrent, Everise, Firedome, MMB Networks, PassiveBolt, Zen Ecosystems, Aprilaire, Sprosty Network, Wi-Charge, and Inspire.

“From 2018 to 2019, we have seen the largest increase in five years in the adoption of home control systems and security systems,” said Elizabeth Parks, President, Parks Associates. “This is exciting news for industry players, especially since we saw adoption of smart home devices plateau between 2017 and 2018. We are looking forward to hosting our annual conference to address the market growth and opportunities in the invigorated markets for the connected home.” 

Parks Associates research highlights:

• 33% of US broadband households own a home security system, an increase of 17% since 2018.
• 18% own a home control system, an increase of 38% since 2018.
• 41% own at least one smart speaker or display, an increase of 32% since 2018.
• 29% own at least one smart home device, an increase of 21% over 2018. 
   

CONNECTIONS™ focuses on technology solutions and strategies to expand the connected home ecosystem and drive consumer adoption. The conference hosts more than 650 executives sharing insights on all aspects of the connected home, including home security, insurance, smart home platforms, connected health solutions, channel strategies, and the convergence between entertainment and smart home, as well as interoperability, voice technologies, and future investments.  

Sessions:

Service-Driven Market: Enhancing the Experience

• State of the Industry
• Business Models: Service Driven Consumer Market 
• The User Experience: Integration and Controls   

Building the Smart Home Business Models

• Value of the Connected Home
• Smart Home Solutions: Channel Expansion
• Extending Peace of Mind: Security Adjacencies
• 5G and the Connected Home: Looking Forward  
• Clean Energy Trends: Driving Adoption Harbor
• Health and Wellness: Wearables and Market Growth
• Support: Onboarding and Ongoing Services
• Energy Management: Driving the Smart Home
• Privacy and Security: Protecting the Consumer
• Monitoring: Expanding Beyond Security
• Point Solutions vs Whole-Home Systems
• AI and the Smart Home: Proactive and Predictive Intelligence
• Connected Cars: Extending Functions in the Home
• Independent Living: Serving Seniors and Chronically Ill
• Service Providers: Value-added Services

Converging Ecosystems: Whole-Home Personalization

• Moving to the Next Stage of Growth
• Personalization: Partnership Strategies
• Bringing it All Together:  Entertainment and Smart Home 
• DIY: Impact on Smart Home and Security
• Investing in the Future: Tech Driving Innovation
   

For information, visit www.connectionsus.com. To schedule an interview with an analyst or to request specific data, contact Elizabeth Parks at [email protected], 972-490-1113.

About CONNECTIONS™

Parks Associates' 27th annual CONNECTIONS™: The Premier Connected Home Conference features an in-person conference on May 23-25, 2023 and multiple virtual sessions hosted throughout 2023. The event focuses on the adoption of technology including smart home, security, connected health, energy, and home automation.

Bringing together more than 1,500 senior executives, CONNECTIONS™ provides networking opportunities combined with visionary keynotes and virtual sessions. The Parks Associates analyst team leads all conference sessions, which are focused on technology innovations, consumer adoption and trends, product and service forecasts, and the evaluation of new business strategies, partnerships, monetization opportunities, and value-added service design.

Throughout the event, sponsors offer demos during networking events, spotlighting new technology innovations and services for the entertainment, mobile, and smart home market segments.

CONNECTIONS™ 2023 features an in-person conference on May 23-25, 2023, with virtual sessions on March 2, July 20, and October 5. For more information, contact [email protected], call 972-490-1113, visit www.connectionsconference.com.

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