Connected Home Systems and Services

Tuesday, April 06, 2021

Smart home communication protocols allow European service providers to expand value-added service strategies

Webinar, sponsored by ULE Alliance, examines impact of communication protocols on smart product adoption and user experience in European market

Parks Associates is hosting the complimentary webinar “Smart Product Strategies in Europe: Choosing Communication Protocols,” sponsored by ULE Alliance, on 13 April 2021 at 8 am CT US (1:00 pm/13:00 GMT), to highlight key trends in the smart home market, including the impact of communication protocols on the user experience and their ...read more

Tuesday, March 30, 2021

Smart home players deploy new strategies to streamline offerings and overcome consumer price sensitivity, lack of benefits, and privacy concerns

Smart Home Tracker finds perception of high prices as a leading adoption barrier to adoption of smart home devices

Parks Associates smart home research finds high perceived prices remain a top barrier to smart home adoption, with providers and manufacturers working to bring lower-priced products to market and discontinue specific premium products. The firm’s Smart Home Tracker finds 20.5 million, or 44% of consumers who do not own or intend to purchase a smart home device, r ...read more

Wednesday, March 24, 2021

Incentives, discounts, and interest in energy conservation are triggering smart thermostat purchases

New research highlights 61% of smart thermostat owners acquired their device less than two years ago

New research from Parks Associates finds 23% of US broadband households who recently bought a smart thermostat report that an incentive, discount, or rebate from their energy provider triggered that purchase. The firm’s Smart Product Market Assessment: Smart Thermostats, which identifies key market drivers and barriers and assesses market growth via topline market forecasts, ...read more

Monday, December 21, 2020

85% of US security dealers report they provide extra services, such as connected health and home network services, beyond professional monitoring

DIY, smart home, and interactive services focus of 8th annual Security Dealer Study, with research featured at CONNECTIONS™ Summit at CES sessions

New security dealer research from Parks Associates shows 85% of security dealers report they provide extra services beyond professional monitoring, including video verification, PERS, cybersecurity, and independent living services. The international research firm’s annual study Home Security Dealers: View from the Front Line, now ...read more

Wednesday, December 02, 2020

49% of US broadband households own a smart speaker or smart display

Webinar, sponsored by ULE Alliance, examines growing use of voice control for home security and automation

Parks Associates research finds 49% of US broadband households own a smart speaker or smart display, driving voice to the forefront of the connected home consumer experience. Parks Associates is hosting the complimentary webinar “Voice Controls and Smart Home: Optimizing Product Design,” sponsored by ULE Alliance, on December 3 at 11 am CT (9 am PT), to evaluate methods ...read more

Thursday, November 12, 2020

76% of smart smoke detector owners or purchase intenders would pay $5 per month for a professional monitoring service

New whitepaper examines new ways companies and consumers can benefit from professional monitoring services

Parks Associates today released the new whitepaper “The Value of Professional Monitoring,” developed in cooperation with Rapid Response Monitoring, which finds the industry for professional monitoring grew by 5% from 2018 to 2019, a significant increase on a rate that had previously stayed flat. The first half of 2020 has held those gains, despite the COVID-19 pandemic ...read more

Thursday, October 22, 2020

63% of security system owners plan to purchase a smart home device in the next 12 months

New research studies highlight impact of COVID-19 on intentions to purchase or upgrade security systems

New Parks Associates research finds 63% of security system owners plan to purchase a smart home device over the next 12 months, compared to 40% of all US broadband households. The research firm identifies this segment of security households as a prime target for new device purchases based on their higher affinity to new technologies and greater likelihood of starting a hom ...read more

Thursday, October 08, 2020

38% of smart home device owners find a service that installs smart home devices on their behalf highly appealing

Industry report highlights new services enabled by connected devices in the home

New research from Parks Associates finds 38% of smart home device owners find a service that installs smart home devices on their behalf highly appealing. The report Connected Home Services: Updating Modern Lifestyles identifies unique strategies device manufacturers are using to drive recurring revenues by maximizing the value of smart home devices for consumers.

“As the market for sma ...read more

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