The competition and innovation in the smart-thermostat space is good for consumers, who can choose a thermostat based on which features appeal to them the most, and also because the increased sensoring will likely only drive down heating and cooling needs for homes that use the technology. By the end of this year, smart thermostats will start to make up the majority of all thermostat sales in the U.S., according to Parks Associates.
For Alarm.com, having its own thermostat will also help the company expand into more commercial businesses, a priority for the firm, which went public earlier this summer. In its first earnings call earlier this month, Steve Trundle, CEO of Alarm.com, said the company is looking for more international expansion opportunities, especially in Latin America, Turkey, New Zealand, Australia and South Africa.
From the article "Alarm.com Builds Its Own Smart Thermostat" by Katherine Tweed.
Pay-TV operators are seeing a “slow erosion of the core business,” analyst at Parks Associates said. “After years of attempts to be more than just a ‘dumb pipe,’ pay-TV operators have come to reali...
Nearly a quarter (23%) of Millennial heads of household are OTT only households, higher than the national average of 15% among all U.S broadband households. Parks Associates analysts also note that...
Parks Associates revealed that 27% of U.S. car owners would connected cars to communicate with the Internet-connected devices in their home, such as smart garage door openers and door sensors. Park...
The tech giant is racing to catch up to the dominant streaming players. Amazon Prime Video is in 200 countries while Netflix is in more than 190 countries. Apple also has a smaller share of the str...
