"smart home" articles

The momentum of insurance companies as a channel for the purchase or distribution of smart products is increasing. State Farms enormous investment in ADT is another example of ADT diversifying its strategy to capture all angles possible. This new partnership with State Farm, coupled with Google’s investment in ADT, is a huge signal that major players are recognizing the need for integration across ecosystems in the home. According to Parks Associates research, currently 4% of...
 
by Elizabeth Parks | Sep. 6, 2022
Tags: home safety, security, smart home
There is so much happening in the smart home these days. Parks Associates latest consumer research - household data nationally representative of the US market- shows the following adoption and usage: Over 12 million US internet households own a smart door lock 51% of smart home owners who have recently experienced at least one technical issue report loss of wireless connectivity Leading smart home companies took action in Q1 2022 to add more brand equity and new...
 
by Parks Associates | Sep. 2, 2022
Tags: home safety, security, smart home
Research insights from Jennifer Kent, Ph.D. Vice President, Research Parks Associates The exact structure of industry supply chains naturally varies by industry, based on market needs, strategies of market leaders, and the legacy of a market’s historical development. The smart door lock and smart access control product industries have developed such that both established, and start-up OEMs do the vast majority of R&D, product iteration, manufacturing, and assemblage of...
 
by Parks Associates | Sep. 1, 2022
Tags: security, smart home, Whitepaper
“Across the nation, all sorts of internet service providers have gained two new competitors,” says Kristen Hanich, the research director for Parks Associates, referring to T-Mobile and Verizon. “They need to prepare for that accordingly.” “That puts [T-Mobile] at about the 10th largest internet service provider in the United States, basically coming out of nothing a year or so ago,” Hanich says. “There are a lot of people that only had one choice of internet...
 
by Parks Associates | Aug. 30, 2022
Tags: smart home, streaming, Wi-Fi
The smart home will achieve significant penetration and widespread adoption among consumers, but the rate and speed of adoption are dependent upon companies telling a story to consumers in a method that resonates and provides beneficial value. As connectivity in the home increases year-over-year, smart home players have a chance to capitalize on and push the smart home forward. No single company holds the future in its grasp. Despite the promising future and the smart home’s...
 
by Elizabeth Parks | Aug. 26, 2022
Tags: security, smart home, smart TV
Parks Associates defines “smart spaces” as physical locations, equipped with networked devices and sensors-based solutions, that give individuals data about the location’s parameters and how the space is being used. “Smart spaces” are most commonly buildings but may be any type of location, including outdoor structures or vehicles. Smart spaces have a strong overlap with smart home, industrial IoT, and Industry 4.0, making use of the same concept of networked...
 
by Elizabeth Parks | Aug. 25, 2022
Tags: smart home, smart TV
Increased smart TV affordability, improved performance, and improved streaming consumption experiences have all collectively added to smart TVs’ consumer appeal in recent history. Though both smart TVs and streaming media players have grown in adoption and importance, smart TVs are increasingly the streaming video device that services and developers should consider the most commonly owned within US broadband households. According to Parks Associates research of 10,000 internet...
Among self-help support options, consumers are slightly less likely to use self-help applications on their devices than other support resources. This is likely driven by lower availability of the self-help applications compared to other self-help resources. The percentage of consumers who report using self-help applications has remained the same over the past four years, suggesting that availability and/or interest in using these tools has not changed much over the years. Among...

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