Smart Home, Caregiving, and Aging-in-Place

This 360 View Update provides an analysis of existing and anticipated independent living needs among people age 50 and older. Based on survey data, this research explores consumers motivation and perception about aging, analyze key needs categories for independent living, explore their role as caregivers and resulting impact on their thinking about independent living, and test their interest and likelihood to buy for selected solutions/services, including those enabled by smart home technologies and products.

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Executive Summary

Industry Insight

Key Findings & Market Impact

Motivation and Perceptions on Aging

Consumer Attitudes towards Managing Personal Health (Q2/17)

Caregiver Attitudes towards Managing Personal Health (Q2/17)

Attitudes Towards Retirement (Q2/17)

Attitudes Towards Retirement by Age (Q2/17)

Concerns About Retirement Life Disruptions (Q2/17)

Concerns About Retirement Life Disruptions by Age (Q2/17)

Concerns About Retirement Life Disruptions by Household Income (Q2/17)

Concerns About Retirement Life Disruptions by Chronic Conditions (Q2/17)

Expectation on Most Likely Place to be Living at Age 80 (Q3/17)

Perception of Home Living at Age 80 by Age (Q2/17)

Perception of Home Living at Age 80 by Household Income (Q2/17)

Perceptions of Home Living at Age 80 by People Living in Home (Q2/17)

Perception of Home Living at Age 80 by Number of Children at Home (Q2/17)

Independent Living Needs and Solutions

Perceived Importance of Home Living Aspects (Q2/17)

Perceived Usefulness of Home Living Features for Oneself (Q2/17)

Interest in Paying for Home Living Features for Oneself (Q2/17)

Interest in Paying for Selected Services for Oneself by Age (Q2/17)

High Likelihood of Paying for Any One Service for Oneself at Specified Monthly Fees (Q2/17)

Likelihood of Buying a Service Package For Oneself at Specified Monthly Fees by Adoption of a Security System (Q2/17)

Likelihood of Buying a Service Package at Specified Monthly Fees for Oneself by Monthly Payment for Professional Monitoring (Q2/17)

Supporting Caregivers

Top 5 Most Useful Home Living Features for Caregivers, Pt. 1 (Q2/17)

Top 5 Most Useful Home Living Features for Caregivers, Pt. 2 (Q2/17)

Interest in Buying a Home Living Service Package for a Loved One by Caregiving Status (Q2/17)

Preferred Device for Receiving Alerts About Loved One (Q2/17)

High Likelihood of Buying a Home Living Service Package for a Loved One with Specified Monthly Fees (Q2/17)

Likelihood of Buying a Home Living Service Package for a Loved One with Specified Monthly Fees by Adoption of Security System (Q2/17)

Likelihood of Buying a Home Living Service Package for a Loved One with Specified Monthly Fees by Monthly Payment for Professional Monitoring (Q2/17)

Security Monitoring Provider by Caregiver Status (Q2/17)

Smart Home for Independent Living

Perceived Usefulness of Home Living Features For Oneself Among Connected Device Owners (Q2/17)

Interest in Buying a Home Living Service Package for Oneself by Connected Device Adoption (Q2/17)

High Likelihood of Buying a Service Package for Oneself at Specified Monthly Fees by Connected Device Ownership (Q2/17)

High Likelihood of Buying a Service Package at Specified Monthly Fees for Oneself by Adoption of a Smart Home Controller/System (Q2/17)

Adoption of Connected Device Categories by Caregiver Status (Q2/17)

Perceived Usefulness of Home Living Features for Caregiving by Connected Device Ownership (Q2/17)

Interest in Buying a Home Living Service Package for a Loved One by Connected Device Adoption (Q2/17)

High Likelihood of Buying a Service Package for a Loved One at Specified Monthly Fees by Connected Device Ownership (Q2/17)

Likelihood of Buying a Home Living Service Package with Specified Monthly Fees by Adoption of a Home Control System (Q2/17)

Appendix

Publish Date: 4Q 2017

Slides: 56


Authored By:
Kristen Hanich - Research Analyst
Katherine Li - Researcher
Yilan Jiang - Senior Research Manager
David Mitchel - Research Analyst

Published by Parks Associates
© November 2017 Parks Associates | Dallas, Texas 75248

All rights reserved. No part of this book may be reproduced, in any form or by any means, without permission in writing from the publisher.

Printed in the United States of America.

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