Self-storage market is embracing IoT for remote site management, automation
Parks Associates’ latest white paper, “Next-Generation Self-Storage: Leveraging Technology to Grow Revenue", addresses the evolving landscape of self-storage and the role of technology in driving revenue growth. The research, published in partnership with Vantiva, formerly known as Technicolor, examines the evolution taking place in the self-storage industry, where owners and operators are leveraging IoT to offer new services to their customers, drive operational changes such as remote site management, and automate processes to save on costs and increase convenience.
The COVID-19 pandemic triggered a surge in demand for self-storage solutions as households worldwide adjusted their living spaces to accommodate remote work and home renovations. Since then, the industry has witnessed a gradual slowdown in demand, compelling companies to reevaluate their strategies.
“Self-storage providers have turned to technology as a cornerstone of their growth strategy,” said Kristen Hanich, Research Director, Parks Associates. “The integration of Internet of Things (IoT) technologies and digital platforms is becoming pivotal. Companies are investing in upgrading their facilities and adopting IoT solutions to streamline operations, enhance security, and provide convenient, automated experiences for their customers.”
The white paper, based on in-depth interviews with self-storage owners and operators, uncovers the key trends shaping the market and highlights areas where technology is driving positive change. It looks at the many roles of these technologies in facilities, the key benefits, and the challenges and best practices recommended by industry leaders.
“As the self-storage industry navigates these transformative times, technology remains a driving force in ensuring and maximizing its growth and competitiveness,” said Reza Raji, Senior VP of Smart Spaces IoT at Vantiva.
For data requests or to speak with an analyst, contact Mindi Sue Sternblitz-Rubenstein at mindi.sue@parksassociates.com.
About Parks Associates
Parks Associates helps companies identify new opportunities, refine strategy, and accelerate growth in connected technology markets through data-driven insights and industry expertise. With more than 40 years of experience, the firm delivers proprietary consumer and industry research, market forecasts, and strategic analysis that guide business decisions across personal, connected home, small business, and commercial technology ecosystems. Parks Associates supports clients in navigating evolving markets including AI, security, smart home, broadband, entertainment, energy, multifamily, smart buildings, and connected health.
The firm also fosters industry growth and collaboration by convening thousands of leaders each year through its flagship executive conferences, including CONNECTIONS™, Connected Health Summit, Smart Energy Summit, Smart Spaces, and Future of Video. Learn more at https://www.parksassociates.com.
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