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May 5, 2017

Smart water leak detectors will generate more than $220M in revenue by 2020

Comcast, Cox, Intel, Qualcomm, and Vivint to Address IoT and Smart Home Market at 21st-Annual CONNECTIONS™ Conference

International research firm Parks Associates announced today more than 100 companies will speak at CONNECTIONS™: The Premier Connected Home Conference, May 23-25 in San Francisco. Executives from all industries related to the connected home will address growth in smart home and connected entertainment categories and new business opportunities created by these IoT solutions.

CONNECTIONS™ features the following keynote speakers:

  • Matt Eyring, Chief Strategy and Innovation Officer, Vivint Smart Home
  • Kristine Faulkner, SVP/GM, COX Homelife, Cox Communications
  • Miles Kingston, GM of Smart Home, Intel
  • Rahul Patel, SVP and GM, Connectivity, Qualcomm Technologies, Inc.
  • Sridhar Solur, SVP, Product & Development for Xfinity Home, Internet of Things and Data Services, Comcast

Parks Associates research shows more than five million smart water leak detectors will be sold in the U.S. by 2020, generating more than $220 million in annual revenues. These types of devices have generated interest among new players, including the insurance industry, which could create new revenues through the data generated. Consumers are also interested in working with insurance companies in the IoT, as more than 50% of U.S. broadband households rank insurance providers alongside electricity providers and security monitoring providers among the top three most trustworthy companies in this space.

 Trustworthiness of Companies to Access / Manage Personal Data | Parks Associates 

“This year’s CONNECTIONS™ has great innovators who will share their vision on the evolution and next growth stages for the IoT,” said Elizabeth Parks, SVP, Parks Associates. “We are also focusing on areas of consumer anxiety, including privacy and data security, and ways to enhance the consumer experience so that the IoT aligns with their expectations for smart home, connected health, and entertainment devices and systems.”

CONNECTIONS™ sponsors include Intel Corporation, Vivint Smart Home, Asurion, Greenwave Systems, Assurant Solutions, HelloTech, Alarm.com, Centercode, ROC-Connect, Support.com, ULE Alliance, Verisk, AMT Warranty, Arrayent, Audio Analytic, Ayla Networks, Cirrent, Cross Country Home Services, Deutsche Telekom, EVRYTHNG, FIBARO, mnubo, OneEvent Technologies, Whisker Labs, Z-Wave, Amazon Alexa, HomeAdvisor, Nortek Security & Control, Tyco, leakSMART™, and MivaTek.

Companies speaking at CONNECTIONS™:

  • A&D Medical
  • Abode Systems
  • Accedo
  • Adobe
  • ADT
  • AirTies Wireless Networks
  • Alarm.com
  • Amazon
  • American Two-Way (ATW)
  • AmTrust
  • Arrayent
  • Asurion
  • Audio Analytic
  • Ayla Networks
  • Belkin International
  • Bitdefender
  • Brightcove
  • BullGuard
  • Centercode
  • Centrica Connected Home
  • Chamberlain Group
  • Cirrent
  • Citi High Yield
  • Comcast
  • Comcast Ventures
  • Concours Ventures
  • CoreLogic
  • Cox Communications
  • CUJO IoT Security
  • Deutsche Telekom
  • EarlySense
  • Ecobee
  • EnergyHub
  • Ericsson
  • Fusion Media
  • GE Lighting
  • General Motors
  • Google
  • Greenwave Systems
  • HelloTech
  • Hippo Insurance
  • Home, Building & Utility Systems
  • HomeAdvisor
  • Honeywell
  • IBM Watson IoT
  • Independa
  • Intel
  • Internet of Things Consortium
  • IoT Consulting, LLC
  • Manhattan Street Capital
  • Microsoft
  • MivaTek
  • mnubo - IoT Analytics
  • Mooreland Partners
  • Nest Labs
  • Nielsen
  • Nokia Growth Partners
  • Nortek Security & Control
  • Norwest Venture Partners
  • Nuance Communications
  • NXP
  • Open Connectivity Foundation
  • Orbita, Inc.
  • Panasonic
  • Pepper IoT
  • Philips
  • PlumChoice
  • PointCentral
  • Qualcomm Technologies
  • Reflexion Health
  • ROC-Connect
  • Roku
  • Roost
  • Salus Inc
  • SeniorLink
  • Sigma Designs/Z-Wave
  • SkyBell Video Doorbell
  • Smart Monitor
  • Somfy
  • sonnen
  • Stringify
  • Tank Utility
  • The Home Depot
  • Thread Group
  • TiVo
  • T-Mobile
  • Trusource Labs
  • ULE Alliance
  • UnaliWear
  • Verisk Insurance Solutions
  • Verizon Digital Media Services
  • Vivint Smart Home
  • Voicebox Technologies
  • VRV, Ellation
  • Whisker Labs
  • Wink
  • Woodside Capital Partners
  • Xively by LogMeIn
  • ZigBee Alliance

To register for the 21st-annual CONNECTIONS™ Conference or a pre-show workshop, visit http://bit.ly/CONNUSregistration. Press passes are available at www.parksassociates.com/cus-press. To schedule an interview with an analyst or request specific research, contact Holly Sprague at hsprague@gmail.com, 720.987.6614.


Parks Associates' 27th annual CONNECTIONS™: The Premier Connected Home Conference features an in-person conference on May 23-25, 2023 and multiple virtual sessions hosted throughout 2023. The event focuses on the adoption of technology including smart home, security, connected health, energy, and home automation.

Bringing together more than 1,500 senior executives, CONNECTIONS™ provides networking opportunities combined with visionary keynotes and virtual sessions. The Parks Associates analyst team leads all conference sessions, which are focused on technology innovations, consumer adoption and trends, product and service forecasts, and the evaluation of new business strategies, partnerships, monetization opportunities, and value-added service design.

Throughout the event, sponsors offer demos during networking events, spotlighting new technology innovations and services for the entertainment, mobile, and smart home market segments.

CONNECTIONS™ 2023 features an in-person conference on May 23-25, 2023, with virtual sessions on March 2, July 20, and October 5. For more information, contact sales@parksassociates.com, call 972-490-1113, visit www.connectionsconference.com.