"home safety" articles

Consumer familiarity with telehealth services and remote care is increasing across all demographics according to Parks Associates extensive consumer research. While the average telehealth user is 44 years old and likely to have children in the home, telehealth use has increased substantially across all demographic groups. Parks Associates Q2 2021 consumer data reveals the following changes in US broadband households: 54% of households with an annual income of less than...
After more than twenty years of pushing computing from local servers into the cloud, many industries now strategize more carefully about the most appropriate options among cloud computing, edge computing, and hybrid edge-cloud configurations. Cost, latency, privacy, and reliance on connectivity are all factors informing these decisions. Hybrid edge-cloud architectures enable the best of both worlds for many applications, such as connected devices. They can optimize data processing,...
The 800-pound gorilla issue in the security device space is the prospect of colliding market segments. Market segments in the residential security industry continue to experience a blurring of lines between professional and DIY solutions. Professional installation and monitoring providers, such as ADT, Brinks, and Comcast, have added self-installation and monitoring options. At the same time, companies that started in the DIY space now offer professional installation and...
The multifamily housing market has become increasingly important to device manufactures as they seek to drive overall market adoption of the smart home products. Multifamily rental properties represent a particularly lucrative opportunity for smart device manufacturers since they deploy smart home device packages to multiple units at a time. Parks Associates research shows that 83% of multifamily builders report the ability to integrate smart home technology with property management...
Reduction of false alarms is a major goal for players in the home security industry. Currently, 36% of US internet households have a home security system with the vast majority professionally monitored. False alarms are a source of frustration for home security owners regardless of the type of alarm, and most (65%) have paid a fine as a result. With 62% of home security owners able to recall a false alarm in the past 12 months and nearly one-in-ten reporting they...
Internet service providers seek upgrades to their CPE deployments, looking to offer new value-added services using the router as a distribution platform. However, supply chain constraints continue to impact the market, making it difficult for router OEMs to ship products to their clients. To this end, over-the-air updates of existing CPE are becoming part of many companies’ strategies. With some ISPs, notably smaller players, having to delay CPE upgrades, many are choosing to move...
Networked cameras are a leading smart home device category, providing peace of mind and security as part of a security system or as a standalone product. A fiercely competitive landscape provides consumers with a broad mix of product and service options. AI capabilities are becoming increasingly important and key differentiators for networked camera manufacturers. Video and audio analytics unleash powerful features. Furthermore, by offering high-value cameras to the market at a low...
Security systems with 24/7 professional monitoring are the foundation of consumer familiarity with home monitoring services. These traditional services set the standard for safety, theft prevention, and detection for homes and businesses and have a straightforward and robust value proposition that resonates with consumers and companies. Currently, Parks Associates’ research reveals that 36% of broadband households have professional security monitoring. Further, new...

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