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When Everything’s Connected: Beyond The Smart Home’s Walls

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

Previously In The News

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Smart-home products are rolling out to the masses as consumers look for ways to simplify their daily lives. According to a recent survey from Parks Associates, more than 40 percent of U.S. broadban...

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The Near Future Of Voice Control

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