According to Parks Associates research, 50% of U.S broadband households will own at least one smart home device by 2020. Already, 13% of U.S. broadband homes own some type of smart home device. Smart home solutions continue to grow at a rapid pace, and industry leaders within the smart home market are reporting year-over-year growth at over 100%.
Parks Associates and Greenwave Systems recently presented new smart home industry data during a complimentary webcast, "Key Competitive Elements for Smart Home Service Providers." Parks Associates director of research Tom Kerber, alongside Nate Williams and Jim Hunter from Greenwave, outlined strategies for long-term IoT success by achieving rapid innovation at scale.
Research highlights from the webcast included:
- Frequency and type of problems consumers experience when setting up new smart home devices
- Average number of connected devices owned per U.S. broadband household
- Average video consumption per week on multiscreen platforms
Download the webcast recording and slide deck by clicking here.
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