"smart home" articles

36% of broadband households have a home security system as of Q2 2021, and approximately two-thirds of security system owners have an interactive system according to Parks Associates latest research. There are at least two levels of interactivity. Basic interactivity enables a user to access and control the household security system and receive notifications as scheduled or requested.  These capabilities occur via smartphone, tablet, PC, and sometimes smart speaker. These...
The smart home is a strong driver of residential energy efficiency. Smart thermostats and smart lighting are among the top adopted categories of smart home products, creating opportunities for utility energy efficiency and demand-response programs. New business models and technology provide opportunities to change the customer relationship and drive engagement and participation in energy management solutions leveraging connected devices in the home. Once overlap is accounted for,...
 
The impact of COVID-19 on consumers’ lifestyles, work, schooling, and transportation patterns have been immense. Beyond the actual infections and deaths resulting from the virus, perhaps no impact has been greater than the resultant effects on the economy, employment, and ability for people to make ends meet. 29% of US consumers in households with broadband internet tell us they are “Very concerned” with their ability to pay the bills as of September 2020 – a percentage...
 
by Elizabeth Parks | Oct. 6, 2021
Tags: COVID-19, energy, smart home
The multifamily housing market has become increasingly important to device manufactures as they seek to drive overall market adoption of the smart home products. Multifamily rental properties represent a particularly lucrative opportunity for smart device manufacturers since they deploy smart home device packages to multiple units at a time. Smart home solutions provide several benefits to MDU property managers: Product differentiation Increase sales price / rental fees...
 
by Patrice Samuels | Oct. 4, 2021
Tags: privacy, security, smart home
Parks Associates ’ CONNECTIONS™ Summit: Smart Home Growth Strategies conference series is excited to announce EarlySense as a Research Sponsor. EarlySense® is the global leader in 100-percent contact-free, continuous monitoring solutions. Used worldwide in hospitals, post-acute care facilities, virtual care and remote patient monitoring applications, EarlySense technology delivers reliable and comprehensive multi-vital, motion, and sleep data. When paired with the...
 
by Parks Associates | Sep. 21, 2021
Tags: CONNECTIONS, COVID-19, smart home
Investments have flowed into the digital health sector in the past 18 months as companies have rolled out new telehealth solutions and developed new solutions for a healthcare market grappling with restrictions related to COVID-19.  During Parks Associates 8 th annual Connected Health Summit session, Driving Innovation: New Investments and the Future of Healthcare , Parks Associates was joined by healthcare innovators and investors representing Bluetooth Special Interest...
Parks Associates recently hosted the Connected Health Business Models session as part of the Connected Health Summit virtual series. The session featured the firm’s latest data and insights from industry executives on the shifts in healthcare as the market moves towards a value-based care system. During the presentation, Digital Health Transformation: Shifting Business Models , Kristen Hanich , Senior Analyst, Parks Associates highlighted the firm’s latest research on...
This week was marked by a flurry of acquisition activity in the smart home segment that could have significant long-term repercussions. First, Spectrum Brands has agreed to sell their home and hardware improvement business for $4.3BN to ASSA ABLOY, a Swiss access solutions company. By selling, Spectrum Brands will focus on their remaining businesses: Home and Personal Care -- which includes Black & Decker, George Foreman, Global Pet Care, and Home & Garden. ASSA ABLOY, a...

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