Connected Home Systems and Services

Industry assessment provides in-depth analysis of smart door lock market

Research from Parks Associates’ latest market assessment, Smart Door Lock Market Assessment, finds that one in four U.S. broadband households intend to purchase a smart door lock in the next 12 months. These intentions will expand the demographics of product owners over the next several years into more early mass-market segments, including households with moderate incomes and smaller homes.

“Ma ...read more

Webcast examines new opportunities for insurers and insurance services in the smart home markets

Parks Associates research finds 40-50% of U.S. broadband households with home or renters insurance are interested in additional insurance services, including 35% who are interested in proactive communication of potential risks. The firm will detail these findings and the market opportunities they create in the webcast “Smart Home and Insurance: Partnerships and Go-to-Market Strat ...read more

New report addresses integration of voice into smart home devices

New research from Parks Associates reveals 35% of smart home owners (8% of U.S. broadband households) use a smart home hub or app to control their smart home devices as part of an ecosystem, with smart speakers as the most prevalent controller. 360 Deep Dive: Smart Home Ecosystems: Driving the Smart Home Forward reports 5% of U.S. broadband households use their smart speaker with voice assistant as a hub, comp ...read more

Parks Associates research examines new product and service opportunities in residential security market

New research from Parks Associates shows the integration of smart home products will be key to drive new recurring monthly revenue (RMR) growth among security companies. 360 Deep Dive: Driving RMR Growth with Add-on Products & Services notes the security industry has experienced flattening RMR growth as adoption of interactive services has exceeded 50% of security subscri ...read more

Smart Home Tracker offers insights as device manufacturers incorporate energy monitoring capabilities in smart home plugs

New research from Parks Associates’ Smart Home Tracker: Market Sizing and Trends estimates six million smart plugs will be sold in the U.S. in 2023, with sales revenues nearing $200 million. The firm notes device manufacturers such as Whisker Labs and Jeeo have launched multifunctional smart plugs that include energy monitoring capabilities and additional ...read more

New Parks Associates industry report analyzes voice tech landscape for consumer entertainment services

A new industry report from Parks Associates estimates penetration of smart speakers with voice assistants will reach 47% of U.S. broadband households by 2022. The Impact of Voice Technologies on Consumer Entertainment reports 55% of U.S. broadband households find voice control of connected entertainment devices to be appealing, which is driving adoption and usage of voice c ...read more

Smart Product Market Assessment finds networked/IP cameras provide peace of mind to consumers

Parks Associates today released Smart Product Market Assessment: Networked Cameras, which estimates 7.7 million standalone and all-in-one networked/IP cameras will be sold in the U.S. in 2018, with $889 million in revenues.  

“IP cameras are key security-related devices and provide peace of mind to consumers. As such, these devices are consistently among the most popular smart h ...read more

New whitepaper addresses consumer demand for smart home solutions that detect, prevent, and protect against electrical fires 

A new whitepaper released today by Parks Associates finds approximately 40% of U.S. broadband households with insurance are interested in buying a smart home product that can detect electrical fires, with interest strongest among young consumers and households in the southern U.S. The whitepaper “IoT Home Safety: Fire Prevention Solutions,” sponsored ...read more