Approximately 12 percent of broadband households in Canada have a smart home device such as a smart thermostat, smart door look, or video doorbell, compared to 26 percent in the US, according to data from International IoT research firm Parks Associates. The security market in Canada is starting to leverage these products to drive new growth in their market. In Canada, 25 percent of broadband households have an active home security system, 70 percent of which have professional monitoring, and 25 percent of professionally monitored households plan to switch providers over the next year.
From the article "12% of Canadian broadband households have smart home device."
Overall globally, Parks calculates that there are more than 265 million households worldwide and that there will be more than 400 million OTT video service subscriptions by 2022. While Netflix, Amazon...
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Robot vacuum cleaners represent a thin market sliver, according to Parks Associates. They can be found in just 5-6 percent of broadband households. "It's not a breakout product, but it's far and ah...
It also hopes to bring new consumers into the market. The US smart home market has long been plagued by slow growth, largely due to device and platform fragmentation and high prices. However, consumer...
