Connected Home Systems and Controls

Content Submitted by Universal Electronics Inc. We are happy to announce our collaboration with Microsoft to launch a new digital assistant platform for the home, built on the Microsoft Azure cloud platform, using AI and IoT services. Artificial intelligence is now playing a key role in improving access to smart living products and services, and this is only expected to expand in size and scope. Digital assistants that connect consumers to important services such as safety...
 
by Parks Associates | May. 16, 2019
Tags: none
At my panel during the Parks Associates CONNECTIONS 2019 conference  next week, we’ll be discussing the parallel ecosystems of connected entertainment and the smart home, how the convergence of these two ecosystems impacts network connectivity, and how companies are working toward achieving a unified experience between the two. Parks Associates data shows that with each passing year, the average number of connected devices in US broadband households increases – as of Q4...
 
by Lindsay Gafford | May. 15, 2019
Tags: industry event, smart home

Content Submitted by Universal Electronics Inc. Voice assistants from Google and Amazon are attempting to be a unified interface for consumers to interact with different smart home devices and services, further integrating themselves into every aspect of consumers' daily lives. In the past, these tech giants collected data whenever their voice assistant was used to perform an activity by the consumer, such as turning on a light or locking a door. According to a recent...
 
by Parks Associates | May. 14, 2019
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As the smart home industry attempts to cross the chasm—moving from adoption among early adopters to the early majority—brands in the space fervently seek to understand the value propositions that drive product adoption and how to improve perceived product value. Understanding the buyer journey is equally important for industry development. Retailers lead in the sale of smart home devices. National and local retailers lead online-only retailers in sales of all devices except...
 
by Parks Associates | May. 13, 2019
Tags: none

A number of market developments and trends are impacting the security industry, leading to changes in business models, enhancements in current product offerings, and new solutions that appeal to the 70% of households without traditional security systems. Monitoring has become a commodity in the residential security market, as such, companies are looking at ways to differentiate themselves and stay competitive long-term. Approaches to differentiation include business model shifts,...
 
by Parks Associates | May. 13, 2019
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The smart home industry has tried to shift to a service-focused business model in order to drive recurring revenues and better align with its new cost structure. Value creation in the industry is evolving from benefits derived solely from hardware to include those derived from software. However, consumers have been somewhat resistant to acquire smart home service subscriptions. The percentage of consumers paying a monthly or annual fee for a home control system has remained steady since...
 
by Parks Associates | May. 13, 2019
Tags: none

At the end of 2018, the average U.S. broadband household owned 10.5 connected devices, including computing, mobile, smart home, and connected health devices, as well as smart speakers with voice assistants. Technologies like voice control, data analytics, machine learning, blockchain, sound recognition, and artificial intelligence play a substantial role in simplifying, streamlining, and automating the smart home, radically enhancing the value proposition by providing context, awareness,...
 
by Parks Associates | May. 13, 2019
Tags: none
The United States population is greying, with more baby boomers entering retirement age every day. The number of Americans age 65 and older is expected to reach over 80 million by 2050. At present, the U.S. healthcare system is ill-equipped to handle the growing number of elderly individuals, many of whom will have specific health needs and may lack sufficient retirement funds. Companies across many different industries are developing solutions to help seniors live comfortably in...
 
by Parks Associates | May. 13, 2019
Tags: none


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