Press Releases

Tuesday, June 14, 2022

International research firm Parks Associates hosts sessions focused on multifamily and SMB security markets at Electronic Security Expo

21% of small-to-medium businesses (SMBs) report a need for safety and security solutions

International research firm Parks Associates today announced it will host two sessions, featuring executives from Alarm.com, Alula, Bates Security, Brivo, HavenLock, Homebase, Johnson Controls, Nice, Plume, Salto Systems, and Silicon Labs, on Wednesday, June 15, at Electronic Security Expo (ESX) at the Fort Worth Convention Center. The sessions, "SMBs – Expanding Opportunities with New S ...read more

Thursday, June 09, 2022

Over 12 million US internet households own a smart door lock

New whitepaper developed in partnership with PassiveBolt addresses IoT edge solutions in smart spaces

Today Parks Associates released the whitepaper Smart Locks and Access Control Supply Chain: Scaling Innovation, which addresses the demand, growth, and new business opportunities in IoT edge solutions in apartments and MDUs, retail and warehousing, and hospitality and building management. The research, developed in partnership with PassiveBolt, highlights the rise in demand ...read more

Tuesday, June 07, 2022

Leading smart home companies took action in Q1 2022 to add more brand equity and new technology via acquisitions

Smart Home Tracker highlights industry news and activities of key players in smart home market

New Parks Associates research in the firm’s Smart Home Tracker finds smart home mainstays are strengthening their offerings by acquiring smaller companies with deep expertise. Resideo recently acquired fire and life-safety solutions manufacturer First Alert, Inc., and Crestron recently acquired intelligent video technology from 1 Beyond. Parks Associates’ Smart Home Tracker provide ...read more

Wednesday, June 01, 2022

51% of smart home owners who have recently experienced at least one technical issue report loss of wireless connectivity

Industry webinar features discussion with RouteThis on how brands can use support services to create customer loyalty

Parks Associates research finds 50% of smart home device owners have experienced a recent problem with one or more of their devices, with the majority of problems related to wireless connectivity. These issues contribute to the high return rates for these devices. The research firm will examine how companies can improve the user experience and build brand loy ...read more

Wednesday, May 25, 2022

Almost two-thirds of prospective MDU tenants look to preinstalled smart devices as a key amenity when looking for a new apartment, condo, or townhome

Industry webinar features discussion with Cox Communities on market for MDU smart apartment deployments

Parks Associates research finds that among prospective MDU (multi-dwelling unit) tenants, 65% look to preinstalled smart home devices as a key amenity. The research firm, in partnership with Cox Communities, is hosting the industry webinar “Planning and Partnerships in Smart Apartment Deployments” on Thursday, May 26, at 11 am CT US (12 pm ET) to discuss the rapid growth f ...read more

Thursday, May 19, 2022

34% of MDU property managers offer IoT devices in at least one property they manage

New whitepaper developed in partnership with Technicolor addresses IoT edge solutions in smart spaces

Today Parks Associates released a new white paper, Simplifying the IoT Edge: Smart Spaces Best Practices, that addresses the demand, growth, and use cases of IoT edge solutions in smart buildings including apartments and MDUs, retail and warehousing, and hospitality and building management. The research, developed in partnership with Technicolor, shows that over one third of ...read more

Tuesday, May 17, 2022

24% of smart home owners hired a professional to install their device

26th annual CONNECTIONS™ Conference highlights business model innovations, data privacy, and growing role of the home as the smart home ecosystem expands 

International research firm Parks Associates is hosting the 26th annual CONNECTIONS™ Conference this week, May 17-19 at the Omni Frisco Hotel in Texas. The event features Parks Associates consumer and industry research along with insights from leading technology and service companies on trends driving home technology adopt ...read more

Monday, May 16, 2022

Thirty-six percent of smart home unit sales are from retail channel and 6% from insurance channel, according to Parks Associates consumer research

26th annual CONNECTIONS™ addresses role of broadband providers, retailers, and other distribution channels for smart home and security solutions 

Parks Associates announced new research today showing that smart home buyers report 36% of recent device purchases were through a retailer, either an online or brick-and-mortar company, while 11% of units purchased were through an internet service provider, 7% through a utility/electricity provider, and 6% through an insurance prov ...read more

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