Analyst Blog

Smart Home Video and Audio Analytics Cloud or Local?

Parks Associates' study "Context is King: Smart Home Video and Audio Analytics" examines how video and audio analytics are evolving and impacting the smart home user experience and profiles companies that are driving the technology forward. Innovation in video and audio analytics drives new applications and services like facial, emotional, gender, and object recognition, creating dramatic new capabilities to understand the context and deliver value. Embedding microphones...

by Parks Associates | Aug. 5, 2022
Tags: home safety, security, smart home

As Consumers Adopt More Devices Smart Homes Become More Complicated

More device offerings and connected ecosystems are present in the market now compared to a decade ago. However, the ability of devices to work in tandem with other devices (even in different ecosystems) has also increased. Initiatives like matter (although not yet fully implemented) that are...

by Parks Associates | Aug. 5, 2022
Tags: CONNECTIONS, Internet of Things, smart home

Smart Home Tech Reduces Operating Costs for Apartment Managers and Building Owners

Use cases that reduce OPEX in apartment environments include access management and control, energy management, and automated risk mitigation. These solutions can improve operations and add new layers of safety, security, and convenience. Access Control ...

by Elizabeth Parks | Aug. 5, 2022
Tags: energy, home automation, home safety, lighting, smart home, smart meter, thermostats

Builders Embracing Tech in New Home Builds

The single-family builder channel has really warmed to the installation of smart home technology as standard, in addition to offering options as upgrades. Drivers include: Increasing consumer demand for smart tech on par with other traditional new home features. In a Builder Study...

by Elizabeth Parks | Aug. 4, 2022
Tags: home automation, home safety, smart home, smart meter, thermostats

US Internet Households Work to Reduce Energy Consumption at Home

Parks Associates’ study “ Smart Energy at Home: Renewable, Responsive, Resilient ” reveals that 44% of US internet households say they are taking active steps to reduce their energy consumption at home. The research firm surveyed over 10,000 internet households to determine their...

by Parks Associates | Aug. 3, 2022
Tags: energy, Smart Energy Summit, smart home

Smart Home Spaces Affected by Trends in AI, IoT, and ML

Parks Associates’ study “ COVID-19: Impact on Seniors, Caregivers, and Independent Living Solutions ” reveals that nearly 33% of US seniors (ages 65 and older) are considering purchasing an independent living system. This interest follows a trend of increasing technology...

by Parks Associates | Aug. 2, 2022
Tags: CONNECTIONS, digital health, independent living, smart home

Smart Spaces & Energy Management

Energy management is growing in importance to businesses worldwide. It is a core component of most corporate initiatives around sustainability or specifically more ESG, which stands for Environmental, Social, and Governance. Companies are examining their business practices and energy usage...

by Elizabeth Parks | Aug. 2, 2022
Tags: energy, smart home, thermostats

Parks Associates Welcomes MediaKind as 2022 Future of Video Sponsor

Parks Associates’ Future of Video: OTT, Pay TV, and Digital Media is excited to announce MediaKind as a sponsor of the upcoming event. MediaKind is a global media technology leader focused on enabling the delivery of next-generation live and on-demand, mobile and multi-screen media...

by Parks Associates | Aug. 1, 2022
Tags: digital content, digital media, online video, OTT, pay TV