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Smart Home Devices, Automation, Controls

Q4 2024

Trackers

Smart Home and Security Tracker 2024 - October Market Update

This product is part of the Smart Home and Security Market Tracker service. Contact Parks Associates for info on subscribing to this service.

Smart Home and Security Tracker provides market intelligence on the competitive US Smart Home and Security landscape by sizing and forecasting the overlapping markets and providing an analysis of key industry trends, market shifts, and player announcements on an ongoing basis.

Market Trends & Competitor News – The monthly report covers announcements from major industry players and highlights the potential impact it will have on the market.

  • It helps competing brands understand how the actions of different companies may impact their own bottom-line.
  • It includes insight on the activity of major tech giants in the smart home space, Amazon, Google, Apple, and Samsung
  • It includes insight on the activity of and the major smart security providers and platforms ADT, Alarm.com, Comcast, Brinks, Vivint, SimpliSafe, and others.

The Smart Home and Security Market Tracker helps companies stay informed with Market Sizing and Quarterly Updates focused on the smart home market.

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SMBs and IoT Opportunities. 5

Reliable connectivity and flexible networks are the backbone of modern small business operations. 5

Cybersecurity is a significant concern of SMBs. 6

IoT solutions often revolve around physical saftey/security, media devices, access control, and climate control. 6

The market for SMB connected solutions still includes whitespace opportunities. 7

Industry News & Competitor Moves. 9

Residential Security. 9

Ring updates subscriptions with continuous recording, AI search, and price increases. 9

SimpliSafe introduces Active Guard for outdoor monitoring. 9

Swann introduces AI-enabled voice assistant for home security. 9

ADT Q3 earnings results. 9

Special Focus: Access Control 12

Ecobee integrates Yale and August smart locks with the home security system.. 12

Chamberlain Group and Plumerai collaborate on AI integration for home security. 12

Samsung introduces digital home key technology for smart door locks. 12

Kwikset introduces a new smart lock with Wi-Fi and Matter compatibility. 12

Aqara releases U300 lever smart lock with Matter and Apple home key support. 12

Special Focus: Samsung Developers Conference. 13

Connected Health News. 15

Samsung and Electronic caregiver partner to provide virtual in-home health assistant. 15

Samsung Health app update adds medication management, health records, and food tracking. 15

Threshold introduces wi-fi sensing plugs for non-intrusive home motion monitoring. 15

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