Connected Home Systems and Controls
As many states start to loosen shelter-in-place mandates, industry players are trying to understand the impact of the global pandemic on their respective markets. The COVID-19 pandemic and its economic impact are still largely evolving, and the industry and market response will continue to evolve as well.
We have seen a limited number of new smart home product releases in Q1 2020. This could indicate that smart device brands are operating their businesses conservatively as they...
Security industry watchers have anxiously awaited Q1 earnings calls to see how market leaders fared as a robust start to 2020 hit COVID-19 headwinds in March. A strong 2019 resulted in 31-32% of US broadband households owning a working security system, up a substantial 5% points over 2018. Eight-eight percent of security system owners have professional monitoring, according to a Q4 2019 Parks Associates study.
The view from the top, thus far, is that the residential security...
by Brad Russell | May. 11, 2020
Tags: connected CE, coronavirus, COVID-19, home automation, home safety, Internet of Things, smart home
Tags: connected CE, coronavirus, COVID-19, home automation, home safety, Internet of Things, smart home
The residential security industry has made significant efforts to expand the market beyond the roughly 30% of broadband households that have a security system. The entrance of tech giants and MSOs raises awareness of security solutions; new business models emerged as a result of changing consumer preferences; and technology advancements such as video analytics, audio analytics, and voice control are improving the user experience. As a result, the security industry is finally able to reap...
The ideal smart home experience for consumers is one in which a broad range of smart home devices are setup effortlessly and work seamlessly together, providing convenience to the user and enhanced value for all products in the ecosystem. The connectivity, automation, and data sharing derived from integration can create a differentiated user experience, when done well. A number of companies, and organizations continue to work on improving interoperability:
CHoIP - Amazon, Apple,...
5G is a transformative, disruptive technology that must be leveraged in the next-generation of devices. High-speed, high-reliability, low-latency, secure networks will serve as infrastructure to enable a wide range of new products and services. Designed to be flexible, agile, and scalable, 5G can manage different data traffic types from devices with various network requirements.
5G Capabilities
Benefits
Technical Parameters...
Smart bathroom products are emerging
New product demonstrations at CES 2020 along with brand announcements throughout this quarter reveal that bathroom products are among the next wave of products in the home to become smart. Several companies including Kohler, Electric Mirror, and TOTO, provided displays for products such as smart shower heads, baths, mirrors, and toilets.
Along with the smartening up of bathroom fixtures, Shine has developed a bathroom assistant robot that...
Tech giants were in full display at CES with expanding ecosystems, new products, and standards initiates to help push the smart home forward. These companies, due to their visibility and brand recognition, are enabling new waves in the smart home market. The following tech giants showcased the following capabilities and announcements at CES:
Amazon: The “Works with Ring” program and Amazon Alexa ecosystems are to integrate as well as the Key by Amazon program. This...
Affordability is now the key to the smart home.
New Parks Associates research shows that affordability has become the leading purchase consideration for smart home device purchase intenders. More than half (51%) of purchase intenders rank affordability as a top 3 purchase consideration, beating product reviews (31%) and data privacy/security efforts (29%). Affordability concerns have also become the leading purchase inhibitor among non-owners and non-intenders. Nearly half (44%) of...
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