Research firm Parks Associates forecasts that the smart home market will continue slow and steady growth, with 102 million smart home device unit sales in 2024, up 8% from 2023. The firm predicts that by 2029, smart home device revenue will reach nearly $15 billion.
Elizabeth Parks, president and CMO at Parks Associates, notes that smart home devices can collect a wide range of data—from usage patterns and energy consumption to individual preferences and environmental conditions—which allows for a smart, responsive, and a more personalized user experience.
From the article, "When Everything’s Connected: Beyond The Smart Home’s Walls" by Jennifer Castenson
Parks Associates released a study on Wednesday that found almost half of home security owners in the United States have a security system that connects wirelessly to sensors. In addition, nearly 50...
“The missing piece in the over-the-top video market is local programming,” said Ren Bond, a research analyst at Parks Associates who focuses on online video. “It's the one thing that no company has ma...
“The missing piece in the over-the-top video market is local programming,” said Ren Bond, a research analyst at Parks Associates who focuses on online video. “It's the one thing that no company has ma...
Thirty-eight percent of broadband households in the United States have “very strong intentions” to buy a smart home device in 2016, according to a new report by research firm Parks Associates, based h...
