Gating Access: Challenges in Multifamily Properties white paper examines access control adoption in multifamily housing
At its 27th annual CONNECTIONS™ Conference today, Parks Associates released the white paper "Gating Access: Challenges in Multifamily Properties," in partnership with research sponsor Nimbio, analyzing the current state of access control adoption in the US multifamily housing market. At least 70% of multifamily property managers and owners are interested in each of the top four use cases for smart door locks. These solutions appeal to both residents and management. Currently 11% of MDU (multi-dwelling unit) residents live in a building with smart locks or an access control system, and these results indicate significant market opportunities for access control deployments and retrofits.
The research, in partnership with Nimbio, a leading access control provider, provides insights into access control, smart locks, and smart gating solutions, including use cases, deployment models, best practices, and priorities when retrofitting.
“Multifamily properties are increasingly adopting access control technology to ensure that only authorized persons can enter the property,” said Kristen Hanich, Research Director, Parks Associates, and author of the white paper. “Access control systems offer a wide range of benefits, including increased operational efficiency, reduced labor costs, and improved safety and security for residents.”
The white paper reveals that access control technology is more commonly adopted in communities that charge higher monthly rents. However, the adoption of these solutions is expected to increase as the business case for deploying access control technology continues to evolve.
"We're pleased that Parks Associates' research demonstrates that products like Nimbio’s provide tangible value for managers, owners, and residents alike, and introduce new use cases for access control systems," said Elaine Haney, CEO, Nimbio. “As the market moves towards smart technology, Nimbio’s platform offers one of the most cost-effective and flexible solutions for buildings with existing access control hardware, providing all of the benefits and added safety measures that smart access control has to offer.”
Jim Conti, Nimbio’s VP of Sales and Marketing, will be speaking at CONNECTIONS™’s opening session “Building Connected Home Services” at 3:15 pm CT on May 23. CONNECTIONS™ is taking place May 23-25, co-located with Connected Health Summit, at the Omni Frisco Hotel in Frisco, Texas.
About Parks Associates
Parks Associates, a woman-founded and certified business, is an internationally recognized market research and consulting company specializing in emerging consumer technology products and services. Founded in 1986, Parks Associates provides business intelligence and research services through its proprietary methodologies developed over decades, including quarterly surveys of 10,000 internet households.
The company's expertise crosses many industries: home security and smart home, streaming video, broadband and pay-TV services, digital media and platforms, gaming, Wi-Fi and home networks, connected health, support, consumer electronics, home control systems, energy management, and tech solutions for the multi-dwelling (MDU), small-to-medium business (SMB), and commercial building markets.
Each year, Parks Associates brings thousands of leaders together for its webinars and annual events. The firm hosts the annual executive research and strategy conferences CONNECTIONS™, Connected Health Summit, Smart Energy Summit, Smart Spaces, and Future of Video. https://www.parksassociates.com