Take these new findings from Parks Associates for example: their April 2023 study found that “more U.S. households are entering the smart home device market, with purchases primarily focused on security and energy monitoring purposes.”
According to Parks’ Jennifer Kent, “The security industry is a strong channel for smart home devices and new services, with many opportunities to connect different ecosystems through the security system platform.”
From the article, "Knowing (and Profiting from) the Security Benefits of Automated Shades," by Jason Turner.
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Parks Associates has updated its Residential Security Tracker, assessing the residential security market as well as offering insights on expansion into the MDU market. Consumer research reveals that n...
