As revealed at the annual Parks Associates Connections Summit at CES – an annual research and industry event featuring leaders from the broadband, security, smart home, consumer electronics, and connected health solution markets – major trends at CES included AI, hubs, smart home communications protocols, and safety and security solutions.
Parks Associates data shows 26% of home security system owners or intenders desire video analytics to identify specific events, such as distinguishing between people, packages, or cars.
While AI promises to make smart homes “truly smart,” concerns remain. Parks Associates research shows 33% of households avoiding generative AI cite privacy concerns.
Parks Associates research reveals that 40% of smart home device returns in the past year were due to the product not working with other owned devices.
The locks are a critical component of home security, but consumer trust remains a hurdle; in fact, Parks Associates data shows 65% of smart door lock owners are concerned about the security of these devices.
Parks Associates data shows ownership of video doorbells peaking at 22% of internet-connected households in Q3 2024, followed by 20% owning a smart camera, making them the two top-owned smart home devices.
Parks Associates research shows a small decline in online buying in Q2 2024, as more consumers purchase through manufacturers to receive discounts from bundling.
From the article, "The Smart Money: The Top 5 Smart Home Trends at CES" by Daniel Holcomb
