Smart MDUs: Property-Provided Internet and Smart Devices 2024

The US multifamily market is an increasingly important sector for technology services and products. Parks Associates considers the size of the US smart multifamily market as the foundation of the overall MDU technology market opportunity. Parks Associates’ model is built on the US Census Bureau’s estimates of the overall US housing market and informed by Parks Associates’ consumer and industry studies. This model analyzes the size of the US apartment and condo markets, including drilldowns into property-provided internet and managed Wi-Fi, smart access control, water leak detection, and select resident-facing amenities. Parks Associates also assesses revenues attributed to fees or rent charged to residents, including the property and service provider split.

This document includes key definitions as well as analysts’ insights and assumptions behind the numbers in the accompanying Excel workbook, Smart MDUs: Property-Provided Internet and Smart Devices, 2024.

US Smart MDU Market Estimates: 2025 Projections

Market Segments & Growth Assumptions

MDU Market Segment Sizing

MDU Units with Smart Amenity Package or Property-Provided Internet

MDU Tech Amenity Market Revenues ($M)

Estimate - US Housing

Estimate - Smart MDUs

Estimate Assumptions

© Parks Associates All rights reserved. No part of this book may be reproduced, in any form as covered in the license and usage agreement.
Printed in the United States of America.

Smart Home: Products And Services

Consumer Electronics and Entertainment

Broadband and Mobility

Connected Health and Wellness

MDU / Multifamily

SMB

Strategic Consulting Unit

Primary Research

Research Services

Event

Analyst Insights

Media

About Parks Associates

MDU Research