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The Smart Money: The Power of Smart Lighting

According to Parks Associates’ latest research study, Smart Lighting Market Assessment, smart lighting product demand softened in 2022, following general spending and home renovation trends.

Parks Associates research shows 13% of U.S. internet households have at least one smart light bulb, and 8% own a smart plug/power strip.

Parks Associates research also finds that the top concern for smart lighting consumers – as is the case for many smart home device users – is interoperability.

From the article, "The Smart Money: The Power of Smart Lighting" by Jennifer Kent

Previously In The News

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U.S. OTT Sports Subs Revenues to Top $22 Billion in 2027

Sports OTT subscription revenues in the U.S. will rise by 73 percent over the next five years to reach about $22.6 billion in 2027, according to Parks Associates. Per OTT & Sports: Services and Str...

Parks Associates Research Shows Nearly 40% Of US Internet Households Report Owning A Security Solution

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