Connected Home Systems and Controls

Parks Associates’  CONNECTIONS™: The Premier Connected Home Conference  series is excited to announce  Midea  as an Event Sponsor. With more than 150,000 employees and presence in over 195 countries, including in the United States, Midea’s products touch the lives of millions of people and families through air treatment, refrigeration, laundry, small and large kitchen appliances, water appliances, floor care and lighting. The Midea brand’s promise to...
IoT adoption is growing across the world. This includes not just consumer smart home device adoption, but IoT deployments in industrial and business settings. IoT sensors and devices capture data and perform tasks, communicating over IP and other protocols with cloud or local systems to create intelligent systems and enable automation. These solutions support a wide variety of use cases, enabling more functionality while saving companies money and increasing revenue opportunities....

Nearly all home device owners are interested in a unified app, according to Parks Associates latest research of 10,000 US internet households in the US regardless if the devices are attached to security systems or are single point solutions. Smart home security devices have similar value propositions as traditional security systems and may service as an alternative due to the low cost and easy DIY installation options. While security systems with professional monitoring provide...
 
As the smart home industry looks to extend beyond early adopters and general tech enthusiasts, integrations and partnerships are critical for smart home products to move to mass-market adoption. As of Q4 2021, 37% of US broadband households own a smart home device and smart home device-owning households now own an average of eight devices in their home. The smart home ultimately starts at the front door, with devices like smart door locks, smart garage door openers, networked...
 
by Elizabeth Parks | May. 3, 2022
Tags: broadband, home safety, smart home

COVID-19 has redefined the market for security and related smart home devices, with both positive and negative factors emerging in this new environment. From the very beginning of the pandemic, many people, unwilling to risk exposure to COVID-19, have avoided circumstances where an installation or repair technician would enter their home. This cramped growth for traditional security systems also heightens the willingness to acquire self-install security systems. Countering this...
Despite the proliferation of available smart home devices and services, as well as numerous escalating promotions, the adoption rate for many smart home products has remained consistent (slow and steady) over the past few years. Manufacturers and service providers are eager to understand what they must do to make significant gains in sales and revenue. Parks Associates’ research on market barriers mines consumer fears and presents strategies for addressing or alleviating their...
 
by Elizabeth Parks | Apr. 27, 2022
Tags: privacy, security, smart home

Multi-dwelling unit managers and owners who opt to install smart home solutions can leverage their investments to promote their properties and attract new residents, and providing these in-unit devices to residents can increase occupancy and justify higher rents per unit. The primary benefits of in-unit products have easy value propositions for consumers to understand: access control and energy management solutions. Access and Control Smart door locks Residents...
 
by Elizabeth Parks | Apr. 23, 2022
Tags: energy, privacy, smart home
Smart lighting has yet to capture the imagination of most consumers, in part due to a lack of familiarity and in part due to the industry’s poor use case explanations. Significant opportunity still exists in the smart lighting category. Smart Lighting Devices Smart lighting devices belong in the family of smart home energy devices and are comprised of three categories – smart light bulbs, smart in-wall switches, and smart plugs/adapter modules. Unlike traditional...


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@ParksAssociates RT @AdvancedTVNews: The next 12 months could bring some major growth to online-pay TV services, according to @ParksAssociates. via @advance

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