Blog articles from 12/2016

A major business disruption stemming from the increasing connectivity of consumer electronic devices is the growing need for ongoing support among consumers. The resulting business challenge is that many companies that had not previous developed capabilities in this area find themselves in a position where providing such services is inevitable. Many are now preoccupied with how to accomplish the following: Increase support efficiency Minimize the use of support...
Many auto industry players are preparing for consumers to shift their attitudes toward car ownership. The thought is that in the future, a greater percentage of consumers will lose interest in owning a car and will instead opt to use ride sharing services like Uber as a substitute for ever owning a car. The change in attitude toward car ownership is, many maintain, the future of mobility. At auto industry conferences, the future of mobility is a hot topic of discussion, as is how to deal...
 
by Chris Tweedt | Dec. 29, 2016
Tags: apps, connected cars, millennials, mobile

We at Parks Associates work with tremendous amount of data in an attempt to understand the complex and ever-changing landscape of digital living. A sizeable share of our work involves looking ahead to where digital technologies are heading ( see our new whitepaper,  Top 10 Consumer IoT Trends in 2017 ) as we help our clients stay ahead of the curve. However, as we bid farewell to 2016, an eventful year, I stepped back and looked at some of the broader news stories outside the realm...
 
by Tejas Mehta | Dec. 28, 2016
Tags: big data, Internet of Things
Fitness device use is most frequent among owners with active gym memberships with no cancellation plans Over one in three fitness tracker and/or smart watch owners have an active gym membership and do not plan to cancel. Past research from Parks Associates has found that many as 10% of fitness tracker and smart watch owners have canceled or plan to cancel their gym memberships as a result of using their device. However, new research is showing that high device usage rate of active...
 
by Harry Wang | Dec. 27, 2016
Tags: fitness apps, smart watch, wearable

It's no secret—the wearables market isn't doing as well as it should be right now. According to Parks Associates' estimates, the leading smart watch—the Apple Watch—experienced a YoY sales decline of ~53% in Q3 2016. Even with the Q4 release of the Apple Watch Series 2, Apple may be on track for moderate growth in 2016 relative to its 2015 debut. Compare this to Fitbit, the leading fitness tracker: as per Fitbit's SEC filings, its sales grew 21% YoY in the nine months ending October...
 
New research from Parks Associates shows that among those of child-rearing age, the presence of children at home correlates with higher adoption of health and wellness devices. In general, adoption of wellness/fitness devices is highest among the young, those with high incomes, and those with children living at home. Almost 40% of those ages 18-24 own a wellness/fitness device, compared to 30% of the general population. 41% of households earning $100k or more annually...
 
by Harry Wang | Dec. 26, 2016
Tags: fitness apps

The holidays are here, and the winter season has typically served as premium real estate for blockbuster films (secondary only to the summer) and holiday television favorites. Netflix, however, is positioning itself as a stay-in alternative to the box office crowds despite a slate of winter tentpole films. At the box office, films like Harry Potter franchise continuation Fantastic Beasts and Where to Find Them (Warner Bros.), Doctor Strange (Disney/Marvel Studios), Rogue One: A...
With news that Amazon is officially sold out (online) of Echo and Tap products until after the holidays, it looks like the smart speaker with personal assistant technology category has found its legs. Parks Associates forecasts 6 million U.S. sales for the category in 2016, which would double U.S. sales from 2015. Several trends are driving the smart speaker/personal assistant device market. First, consumer familiarity and use with personal assistant software are one the rise,...


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