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The Open Connectivity Foundation is Simplifying the Smart Home

For all of the excitement in the tech world around the potential of the smart home, consumers haven’t been so quick to adopt the technology into their homes. According to research from Parks Associates published earlier this year, more than 100 million U.S. households did not have a smart home device as of the end of 2016. That’s out of a possible 117 million. That means smart home market penetration is around 14.5 percent right now. The numbers have been climbing, but not at the pace that analysts expect.

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Previously In The News

30% of U.S. Homes Have At Least 3 Smart Home Devices as Adoption Grows

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Monitoring Matters: PERS and Lifestyle Management Opportunities

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Three in ten US households unsubscribe from streaming platforms to save money

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2023 CEDIA Shares: DEN Smart Home

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