In fact, according to research recently published by Parks Associates, 34% of broadband households today own a listed smart home device, which is an increase of 24% from just three years ago. Additionally, the average number of devices owned per household with at least one smart home device rose in 2020 from 6.8 devices to 7.4 devices on average.
During Parks Associates’ virtual CONNECTIONS conference last week, Jennifer Kent, the organization’s Vice President of Research, pointed out that there has long been a difference in how consumers go about building out their smart home systems. While some have opted for a “curated” approach in which an installer, such as a residential security integrator, will deploy devices designed to work together and tie them together in a single user interface, many others have opted to build their own by buying disparate, do-it-yourself (DIY) solutions from both online and brick-and-mortar retailers over time.
The DIY approach affords consumers a greater number of device choices as well as the ability to avoid installation or ongoing monitoring or maintenance fees, however; it introduces greater setup complexity. According to Kent, 36% of consumers who set up smart home devices on their own say they experience difficulty and the number who experience ongoing problems with these devices also continues to rise as she noted that recent research from Parks found that 38% of smart home product owners experienced two or more technical problems with a smart home product in the past year, which is up from 11% just two years ago. In addition, 44% of those experiencing a technical problem reported they had difficulty getting the device to interact with other devices in the home.
Home security and safety are often some of the first usage cases brought up around discussions of smart home devices in broadband homes. And a new report from Parks Associates is indicating that insur...
Research company Parks Associates published a study last year suggesting that SVOD services stood to lose upwards of $500 million in revenue in 2015 from this practice. From the article "IBM Cloud...
“Nearly 50 percent of U.S. broadband consumers would like tools and support to help them lose weight or get into better shape, and over one-third are interested in products and services that can impro...
Rising consumerism of healthcare continues to be a transformative trend affecting the entire connected health industry, Harry Wang, senior research director at Parks Associates, observes. He’s referen...