Press Releases

Tuesday, July 21, 2020

US cloud gaming market stands to generate nearly $3 billion in annual subscription revenue

Consumer research explores consumer interest in cloud gaming and online gaming services

New research from Parks Associates finds the US cloud gaming market could generate nearly $3 billion in annual subscription revenue, as 30% of US broadband households currently express interest in this service. The research, in Cloud Gaming Demand and Preferences, reports 74% of US broadband households play video games for at least one hour per week. Gamers play for an average of 22 hours ...read more

Tuesday, July 14, 2020

Blue Shield, UnitedHealthcare, Cox, People Power, and more to highlight virtual care solutions at seventh annual Connected Health Summit: Consumer Engagement and Innovation

Use of telehealth services has nearly tripled year-over-year to 41% adoption

International research firm Parks Associates will address the impact of COVID-19 on the connected health market and current consumer attitudes towards connected health solutions at its seventh annual Connected Health Summit, hosted virtually September 1-3. Parks Associates research finds use of telehealth services has nearly tripled year-over-year, with 41% of US broadband households having used a t ...read more

Thursday, July 09, 2020

Households with children dominate consumer tech purchases

Ninety percent of households with children at home subscribe to at least one OTT service

New consumer research from Parks Associates finds households with children, particularly those ages 6-11, are the leading demographic groups for technology product and entertainment service purchasing. Households with Children: Dominant Tech Purchasers finds 38% of US broadband households with children plan to buy a smart video doorbell over the next 12 months, compared to 14% of househo ...read more

Wednesday, July 08, 2020

CONNECTIONS™ Community features Mill Creek Residential, Google, Greystar, SmartRent, and STRATIS in inaugural virtual event addressing smart home expansion through MDU builder channels

57% of US multifamily home builders report smart home devices create additional revenue in their properties through increased rental values

International research firm Parks Associates will feature new consumer research and insights from industry leaders representing Mill Creek Residential, Google, Greystar, SmartRent and STRATIS at the first CONNECTIONS™ Community virtual event, MDUs in Focus: Builders, Property Managers, and Connected Solutions, Wednesday, July 15. Parks A ...read more

Wednesday, July 01, 2020

Consumers spend nearly seven hours per week watching online video, and almost half subscribe to two or more OTT services

Industry report addresses strategies for MSOs and set-top box makers as markets adjust to high demand for streaming services  

Parks Associates announced new research today showing the number of hours per week consumers spend watching online video has almost doubled from 3.6 hours per week in 2017 to nearly seven hours per week in 2020. Set-top Box Innovations and Trends also notes traditional pay-TV service has declined from an adoption rate of 75% to 62% in U.S. broadband ...read more

Monday, June 29, 2020

Churn rate among OTT services at 41% in Q1 2020; 8% of US broadband households trialed four or more OTT services during COVID-19 crisis

Steve Nason to present key findings at StreamTV Summer Research Summit

Parks Associates Research Director Steve Nason will present the keynote "The Impacts of COVID-19 on OTT" at the StreamTV Summer Research Summit on Tuesday, June 30, featuring key findings from the research firm’s latest consumer and industry research. Parks Associates reports the churn rate for OTT services increased from 35% in Q1 2019 to 41% in Q1 2020. During the COVID-19 crisis, more than two in five ...read more

Thursday, June 25, 2020

Adoption of stand-alone broadband service jumps to 42% of US broadband households in 1Q 2020, up from 34% in 2017

Consumer study finds subscribers now pay $60/month on average for stand-alone broadband service 

New consumer research from Parks Associates finds the market for broadband service is steady overall, showing high adoption rates and rising ARPUs, with the adoption rate for stand-alone internet service rising from 34% in 2017 to 42% in 1Q 2020. 360 Deep Dive: Broadband Value-added Services reports the average stand-alone internet subscriber now pays $60 per month for service, w ...read more

Wednesday, June 24, 2020

54% of US broadband households now own a smart TV

New whitepaper examines impact of COVID-19 on video consumption, and future of smart TV experience

Parks Associates today released a new whitepaper, Optimizingthe Smart TV Experience, which finds more than 50% of US broadband households own at least one smart TV, making the smart TV the primary platform for video services at a time when content consumption is increasing dramatically.  The whitepaper, developed in cooperation with Applicaster, highlights the evolution of vide ...read more

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