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Half Of NAmerican Broadband Homes To Be Smart Homes By 2020

Half of North American broadband households are projected to be smart homes by 2020, according to Parks Associates. The study found that smart home product ownership rose from 16 percent to 19 percent of US broadband homes in 2015, and 44 percent of households that do not have a smart home device plan to buy one this year.

From the article "Half Of NAmerican Broadband Homes To Be Smart Homes By 2020" by www.telecompaper.com

Previously In The News

Report: Consumers Increasingly Value Video Security Devices

According to the latest data from Parks Associates, 19% of US internet households have professionally monitored security systems, while 7% pay for non-professional services like alerts an video storag...

Corporate Real Estate AI Pilots Surge, ROI Still Elusive: Report

“Companies are looking for the best use cases for GenAI, and there is a lot of experimentation at play right now,” Kristen Hanich, director of research at Parks Associates, a market research and consu...

The Smart Money: Professional Installation Gains Ground

Parks Associates projects that the U.S. smart home device market will generate $15 billion in annual sales revenue by 2029. While DIY remains the entry point for many households, Parks Associates’...

Multifamily resident access to gigabit or faster download speeds is rising

A recent Parks Associates and Cox Communities study found that more multifamily residents with home internet can get access to gigabit download speeds. In a new white paper, A Guide to Connecti...

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