Monday, January 26, 2015

Streaming media use rises in US broadband households

We’ve all heard these monikers in some form or fashion the last couple of years. But, what we don’t hear much about is how all this “smart” integration requires pervasive connectivity with highly-reliable, low latency bandwidth.

To paint the picture better, smart home and IoT research from Parks Associates recently discovered that ownership and usage of connected devices is growing among U.S. broadband households.

Approximately 26 percent of U.S. broadband households now own a streaming media device and 16 percent now own a smart home device with 34 percent now owning a smart TV. This same report out earlier this month also noted that the average household spends more than $6 per month on subscription Internet video services.

“As we saw at CES … companies from previously separate channels are now competing in the smart home ecosystem, meaning both differentiation and cross-platform interoperability are critical to success,” said Tom Kerber, director of Research, Home Controls and Energy at Parks Associates. “Thirty-seven percent of U.S. broadband households intend to buy one or more smart devices in 2015, so this year will feature expansion of the smart home and further refinement of business strategies in these markets.”

From the article "Streaming media use rises in US broadband households."

Next: Report: The hottest IoT disruptors, trends to watch in 2016
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