Connected Home Systems and Services

Thursday, May 19, 2022

34% of MDU property managers offer IoT devices in at least one property they manage

New whitepaper developed in partnership with Technicolor addresses IoT edge solutions in smart spaces

Today Parks Associates released a new white paper, Simplifying the IoT Edge: Smart Spaces Best Practices, that addresses the demand, growth, and use cases of IoT edge solutions in smart buildings including apartments and MDUs, retail and warehousing, and hospitality and building management. The research, developed in partnership with Technicolor, shows that over one third of ...read more

Tuesday, May 03, 2022

Two-thirds of prospective MDU residents report that pre-installation of smart home devices is an important factor when selecting a new home

New whitepaper, in partnership with Cox Communities, addresses emerging smart apartment trends 

Parks Associates’ new whitepaper, Doing IoT Right: Top Practices for Multi-Dwelling Units, reports that almost two-thirds of prospective multi-dwelling unit (MDU) residents report that pre-installation of smart home devices is an important factor when selecting a new home. Currently, 34% of MDU property managers offer internet-connected or smart home devices to residents in at lea ...read more

Tuesday, April 26, 2022

US internet households pay an average of $1,392 per year for home internet

Consumer research highlights 13.9 million home internet cord-cutters in the US

New research from Parks Associates, found in Quantified Consumer: Fixed vs. Wireless – Consumers’ Shifting Broadband Preferences, reveals that US internet households pay an average of $116 per month for their home internet, including both standalone and bundled internet. The research examines consumer demand for broadband connectivity, including demand for new network types and the rationales for ...read more

Tuesday, April 12, 2022

88% of MDU (multi-dwelling unit) renters in the US report have access to Wi-Fi through their property, either in-unit or in a common area

New whitepaper, in partnership with SmartRent, examines smart home solutions and Wi-Fi property services, including renter willingness to pay higher rents

Parks Associates’ new whitepaper, Smart Solutions – Boosting Revenue in Multifamily Properties, reports that 88% of US multi-dwelling unit (MDU) renters report access to Wi-Fi through their property either in-unit or in a common area. The whitepaper, developed in partnership with SmartRent, Inc. [NYSE: SMRT], a leading pro ...read more

Thursday, March 24, 2022

Adoption of DIY systems constituted 50% of all security system sales in the past year

Residential Security Tracker, announced during ISC West, highlights current landscape of residential security market, including adoption of DIY solutions

New Parks Associates consumer research announced today at ISC West reveals that 50% of all security system sales in the past year were DIY solutions. The firm’s Residential Security Tracker notes that systems with professional installation continue to hold about 50% of the marketplace, but if consumer intentions hold, DIY s ...read more

Tuesday, March 15, 2022

38 million households had at least one member working remotely at home during 2021

57% of remote workers self-identify as technology “innovators” or “early adopters”

Parks Associates research finds that over half (54%) of those employed worked remotely throughout the pandemic, with approximately 38 million households having at least one household member working at home during 2021. The research report Work Transformed: Impact on Communications and Technology Markets addresses remote worker demographics, device ownership rates, internet usage, and interest ...read more

Wednesday, March 09, 2022

Security services are expanding value and “peace of mind” experiences for consumers

New whitepaper developed in partnership with Alarm.com addresses the expansion of professional services beyond home security 

A new whitepaper from Parks Associates, Value Beyond Home Security: Expanding Product Ecosystems, finds “peace of mind” is a key driver for smart home adoption, with 31% of recent buyers citing this factor as a top benefit influencing their purchase. The whitepaper, developed in partnership with Alarm.com, finds consumers are increasingly reliant on c ...read more

Thursday, February 17, 2022

Nearly half of security owners say their system triggers too many false alarms

New research highlights consumer attitudes and experiences in security event management 

In Parks Associates’ new research, Quantified Consumer: Alerts and Alarms: Consumer Perceptions of Security Event Management, 48% of security system owners report that their system triggers too many false alarms. The research explores consumer attitudes, preferences, and experiences in security event management among households with professional monitoring.

“False alerts generate fin ...read more

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